Sincere Navigation Coefficient Of Variation vs. Variance

2605 Stock  TWD 27.30  0.10  0.36%   
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Sincere Navigation Corp has current Coefficient Of Variation of 4200.02. 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

 = 

STD

ER

 = 
4200.02
ER = Expected return on investing in Sincere Navigation
STD =   Standard Deviation of returns on Sincere Navigation

Sincere Navigation Coefficient Of Variation Peers Comparison

Sincere Coefficient Of Variation Relative To Other Indicators

Sincere Navigation Corp is rated second in coefficient of variation category among its peers. It is currently under evaluation in variance category among its peers making up about  0.0009  of Variance per Coefficient Of Variation. The ratio of Coefficient Of Variation to Variance for Sincere Navigation Corp is roughly  1,133 
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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