Paramount Resources Coefficient Of Variation
| POU Stock | | | CAD 29.49 0.05 0.17% |
Reference data associated with the Coefficient Of Variation technical indicator for Paramount Resources. Availability may differ across exchanges, markets, and reporting intervals.
Paramount Resources has current Coefficient Of Variation of 789.82. Coefficient of Variation (or CV) is a normalized measure of dispersion of a probability distribution. It is also known as the variation coefficient or simply unitized risk. The absolute value of the Coefficient of Variation is sometimes called Relative Standard Deviation (or RSD), which is expressed as a percentage.
Coefficient Of Variation | = | STDER |
| = | 789.82 | |
Paramount Resources Coefficient Of Variation Peers Comparison
Paramount Coefficient Of Variation Relative To Other Indicators
Paramount Resources lands at
#3 in coefficient of variation compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
0.01 in Maximum Drawdown for each unit of Coefficient Of Variation. The spread between Coefficient Of Variation and Maximum Drawdown for Paramount Resources sits at
92.21 CV is the measure of price and return dispersion, sometimes known as unitized risk or the variation coefficient. The CV is derived from the ratio of the standard deviation to the non-zero mean and the absolute value is taken for the mean to ensure it always positive. It is sometimes expressed as a percentage, in which case the CV is multiplied by 100. Coefficient of Variation for a single equity instrument describes the dispersion of price movement or daily returns. The higher the Coefficient of Variation, the greater the dispersion of prices, and the more riskier is the asset.
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