Principal Spectrum Coefficient Of Variation
| PREF Etf | | | USD 18.81 -0.14 -0.74% |
The Coefficient Of Variation signal for Principal Spectrum Preferred reflects patterns observed in trading data. All values reflect available price and volume data across reporting intervals. Review
Your Equity Center for context on portfolio diversification. The diversification view provides additional analytical depth. A position in Principal Spectrum Preferred appears within the mix. The position is captured in the allocation summary. The relative size of each holding follows the allocation framework. This overview is based on available data and does not express a directional view. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
Principal Spectrum Preferred has current Coefficient Of Variation of 19230.24. 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 |
| = | 19230.24 | |
Coefficient Of Variation Peers Comparison
Coefficient Of Variation Relative To Other Indicators
Principal Spectrum Preferred holds the top spot in coefficient of variation relative to comparable ETFs. It is currently under evaluation in maximum drawdown relative to comparable ETFs . Principal Spectrum Preferred carries a
21,467 x Coefficient Of Variation-to-Maximum Drawdown ratio
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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