First Trust Coefficient Of Variation
| FTC ETF | | | USD 174.16 -4.20 -2.35% |
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
With Coefficient Of Variation at 1215.32, First Trust shows 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 |
| = | 1215.32 | |
Coefficient Of Variation Peers Comparison
First Trust's Coefficient Of Variation of 1215.32 falls above the 959.85 peer average. Values range from -19287.4257 (Kovitz Core Equity) to 16495.52 (First Trust Large), with wide dispersion across the group. 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
1,215 and Maximum Drawdown at
5.94 , First Trust shows a
0.0049 -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 Large comes in at
204.64 Methodology, Assumptions & Data Sources
The current Coefficient Of Variation for First Trust is 1215.32. Coefficient Of Variation for First Trust is derived by applying a defined formula to historical price observations, producing a time-series of comparable readings. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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