SCHWAB MONTHLY Coefficient Of Variation
| SWLRX Fund | | | USD 9.83 0.03 0.31% |
Reference data associated with the Coefficient Of Variation technical indicator for Schwab Monthly Income. Values may reflect normalized price or volume observations.
Schwab Monthly Income has current Coefficient Of Variation of 516.4. 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 |
| = | 516.4 | |
Coefficient Of Variation Peers Comparison
Coefficient Of Variation Relative To Other Indicators
Schwab Monthly Income is rated
below average in coefficient of variation among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
0.0022 of Maximum Drawdown per Coefficient Of Variation. At
459.67 , Schwab Monthly Income's Coefficient Of Variation-to-Maximum Drawdown multiple reflects the spread between these metrics
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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