IShares II Coefficient Of Variation vs. Variance

DHYD Etf  USD 4.57  0.01  0.22%   
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iShares II plc has current Coefficient Of Variation of 1103.91. 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

 = 
1103.91
ER = Expected return on investing in IShares II
STD =   Standard Deviation of returns on IShares II

IShares II Coefficient Of Variation Peers Comparison

IShares Coefficient Of Variation Relative To Other Indicators

iShares II plc is rated # 5 ETF in coefficient of variation as compared to similar ETFs. It is currently under evaluation in variance as compared to similar ETFs making up about  0.0001  of Variance per Coefficient Of Variation. The ratio of Coefficient Of Variation to Variance for iShares II plc is roughly  16,092 
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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