First Trust Coefficient Of Variation
| FV ETF | | | USD 67.64 -1.11 -1.61% |
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
The current Coefficient Of Variation of 1112.22 places First Trust at 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 |
| = | 1112.22 | |
Coefficient Of Variation Peers Comparison
First Trust's Coefficient Of Variation of 1112.22 falls below the 1156.67 peer average. Values range from 467.43 (First Trust NASDAQ) to 2796.73 (SPDR EURO STOXX), with wide dispersion across the group. Relative to peers, First Trust shows more consistent returns per unit of risk.
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.
First Trust produces
0.01 in Maximum Drawdown for each unit of Coefficient Of Variation, with respective readings of
5.55 and
1,112 . This indicates Maximum Drawdown falls substantially below Coefficient Of Variation for First Trust. First Trust Dorsey's Coefficient Of Variation exceeds Maximum Drawdown by a factor of
200.35 Methodology, Assumptions & Data Sources
First Trust has a current Coefficient Of Variation reading of 1112.22. This Coefficient Of Variation reading for First Trust results from applying the indicator's calculation rules to price and volume data over the selected window. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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