First Trust Coefficient Of Variation
| FTDS ETF | | | USD 59.96 -1.10 -1.80% |
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
At 1942.94, First Trust exhibits high dispersion relative to expected return — volatility substantially exceeds the return signal in Coefficient Of Variation. 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 |
| = | 1942.94 | |
Coefficient Of Variation Peers Comparison
Relative to peers, First Trust's Coefficient Of Variation is above the group average of 1506.28. Peer readings range from 543.28 (Janus Henderson Real) to 4479.68 (Matthews China Active), reflecting wide dispersion across the sector. 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.
Comparing Coefficient Of Variation (
1,943 ) to Maximum Drawdown (
3.67 ) for First Trust yields a
0.0019 multiple. This indicates Maximum Drawdown falls substantially below Coefficient Of Variation for First Trust. For First Trust Dividend, Coefficient Of Variation stands at
529.84 times Maximum Drawdown
Methodology, Assumptions & Data Sources
The current Coefficient Of Variation for First Trust is 1942.94. Coefficient Of Variation for First Trust is derived by applying a defined formula to historical price observations, producing a time-series of comparable readings. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. Values are specific to the selected time horizon and may differ across measurement periods. This indicator does not constitute investment advice.
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