IShares STOXX Coefficient Of Variation
| STEC Etf | | | 6.47 -0.05 -0.77% |
The Coefficient Of Variation technical lookup provides context for iShares STOXX Europe and related instruments. Availability can vary by instrument;
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iShares STOXX Europe has current Coefficient Of Variation of 9152.76. 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 |
| = | 9152.76 | |
IShares STOXX Coefficient Of Variation Peers Comparison
IShares Coefficient Of Variation Relative To Other Indicators
iShares STOXX Europe earns the top ranking in coefficient of variation across the ETF category. It is currently under evaluation in maximum drawdown across the ETF category yielding
0.0009 of Maximum Drawdown per Coefficient Of Variation. For iShares STOXX Europe, Coefficient Of Variation stands at
1,102 times Maximum Drawdown
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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