Source Energy Coefficient Of Variation
| SHLE Stock | | | CAD 16.04 -0.45 -2.73% |
The Coefficient Of Variation reading for Source Energy Services is computed from historical trading observations. Indicator reliability depends on the continuity of available trading data. Source Energy has a market cap of 210.69 M, operating margin of 2.99%, ROE of 16.59%.
World Market Map adds portfolio-level perspective. This includes a position in Source Energy Services. Portfolio construction methods define how positions are sized. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
Source Energy Services has current Coefficient Of Variation of 1497.01. 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 |
| = | 1497.01 | |
Coefficient Of Variation Peers Comparison
Coefficient Of Variation Relative To Other Indicators
Source Energy Services lands at
#4 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 Source Energy Services sits at
118.21 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.
Compare Source Energy to Peers
Other Technical Indicators