First Trust Coefficient Of Variation
| DDEC ETF | | | USD 46.73 -0.06 -0.13% |
Coefficient of Variation (CV) is a normalized measure of dispersion that relates volatility to expected return, making it a useful indicator of risk per unit of return. It is also referred to as relative standard deviation when expressed as a percentage. Below is First Trust's current Coefficient Of Variation with peer comparisons and related risk metrics.
Current Coefficient Of Variation Value
First Trust's Coefficient Of Variation of 1023.22 reflects high dispersion relative to expected return — volatility substantially exceeds the return signal. The magnitude of this value is unusually large in absolute terms, suggesting an unstable or weak relationship between risk and return, often driven by low or near-zero expected returns.
Coefficient Of Variation | = | STDER |
| = | 1023.22 | |
Coefficient Of Variation Peers Comparison
The peer group averages 931.8 for Coefficient Of Variation, with First Trust at 1023.22 falling above that level. Readings span 380.36 (First Trust Exchange Traded) to 1082.12 (FT Cboe Vest). Relative to peers, First Trust's risk-return efficiency is above the group average.
Coefficient Of Variation Relative To Other Indicators
The chart below plots Coefficient Of Variation against Maximum Drawdown for First Trust and its peers. Each point represents one equity — position along the horizontal axis shows Coefficient Of Variation while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
With Coefficient Of Variation at
1,023 and Maximum Drawdown at
1.93 , First Trust shows a
0.0019 -to-one ratio between these indicators. This indicates Maximum Drawdown falls substantially below Coefficient Of Variation for First Trust. The Coefficient Of Variation to Maximum Drawdown ratio for First Trust Exchange Traded comes in at
530.71 Methodology, Assumptions & Data Sources
The current Coefficient Of Variation for First Trust is 1023.22. Coefficient Of Variation for First Trust is derived by applying a defined formula to historical price observations, producing a time-series of comparable readings. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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