Peloton Interactive Coefficient Of Variation vs. Total Risk Alpha

2ON Stock  EUR 9.15  1.16  14.52%   
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Peloton Interactive has current Coefficient Of Variation of 479.53. 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

 = 
479.53
ER = Expected return on investing in Peloton Interactive
STD =   Standard Deviation of returns on Peloton Interactive

Peloton Interactive Coefficient Of Variation Peers Comparison

Peloton Coefficient Of Variation Relative To Other Indicators

Peloton Interactive is rated below average in coefficient of variation category among its peers. It is currently under evaluation in total risk alpha category among its peers reporting about  0.0007  of Total Risk Alpha per Coefficient Of Variation. The ratio of Coefficient Of Variation to Total Risk Alpha for Peloton Interactive is roughly  1,534 
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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