Valartis Group Coefficient Of Variation
| VLRT Stock | | | CHF 12.30 0.60 5.13% |
Observed values used to calculate the Coefficient Of Variation technical indicator for Valartis Group AG. Indicator inputs depend on available historical price observations.
Valartis Group AG has current Coefficient Of Variation of 6387.04. 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 |
| = | 6387.04 | |
Coefficient Of Variation Peers Comparison
Coefficient Of Variation Relative To Other Indicators
Valartis Group AG stands at number one for coefficient of variation across the peer group. It is currently under evaluation for maximum drawdown across the peer group reflecting a
0.0047 ratio of Maximum Drawdown to Coefficient Of Variation. Valartis Group AG's Coefficient Of Variation exceeds Maximum Drawdown by a factor of
211.13 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 Valartis Group to Peers
Other Technical Indicators