VanEck Multi Coefficient Of Variation
| TOF Etf | | | EUR 86.71 -0.43 -0.49% |
VanEck Multi coefficient of variation lookup summarizes this and related technical indicators for VanEck Multi Asset Growth. Coverage depends on data availability and normalization;
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VanEck Multi Asset Growth has current Coefficient Of Variation of 2130.28. 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 |
| = | 2130.28 | |
VanEck Multi Coefficient Of Variation Peers Comparison
VanEck Coefficient Of Variation Relative To Other Indicators
VanEck Multi Asset Growth maintains a
fourth standing in coefficient of variation across the ETF category. It is rated
below average in maximum drawdown across the ETF category yielding
0.0011 of Maximum Drawdown per Coefficient Of Variation. For VanEck Multi Asset Growth, Coefficient Of Variation stands at
903.16 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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