Flare Coefficient Of Variation

FLR Crypto  USD 0.02  0.0005  2.24%   
Flare coefficient-of-variation technical analysis lookup allows you to check this and other technical indicators for Flare or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also Equity Screeners to view more equity screening tools
  
Flare has current Coefficient Of Variation of 942.94. 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

 = 
942.94
ER = Expected return on investing in Flare
STD =   Standard Deviation of returns on Flare

Flare Coefficient Of Variation Peers Comparison

Flare Coefficient Of Variation Relative To Other Indicators

Flare cannot be rated in Coefficient Of Variation category at this point. It cannot be rated in Maximum Drawdown category at this point. reporting about  0.04  of Maximum Drawdown per Coefficient Of Variation. The ratio of Coefficient Of Variation to Maximum Drawdown for Flare is roughly  25.06 
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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