Cognizant Technology Coefficient Of Variation

CTSH34 Stock  BRL 433.33  0.00  0.00%   
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Cognizant Technology Solutions has current Coefficient Of Variation of 1283.8. 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

 = 
1283.8
ER = Expected return on investing in Cognizant Technology
STD =   Standard Deviation of returns on Cognizant Technology

Cognizant Technology Coefficient Of Variation Peers Comparison

Cognizant Coefficient Of Variation Relative To Other Indicators

Cognizant Technology Solutions is rated fourth in coefficient of variation category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about  0.01  of Maximum Drawdown per Coefficient Of Variation. The ratio of Coefficient Of Variation to Maximum Drawdown for Cognizant Technology Solutions is roughly  167.70 
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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