Kreate Group Coefficient Of Variation

KREATE Stock  EUR 7.70  0.10  1.28%   
Kreate Group coefficient-of-variation technical analysis lookup allows you to check this and other technical indicators for Kreate Group Oyj 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
  
Kreate Group Oyj has current Coefficient Of Variation of 12237.29. 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

 = 
12237.29
ER = Expected return on investing in Kreate Group
STD =   Standard Deviation of returns on Kreate Group

Kreate Group Coefficient Of Variation Peers Comparison

Kreate Coefficient Of Variation Relative To Other Indicators

Kreate Group Oyj is currently regarded as number one stock in coefficient of variation category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about  0.0006  of Maximum Drawdown per Coefficient Of Variation. The ratio of Coefficient Of Variation to Maximum Drawdown for Kreate Group Oyj is roughly  1,780 
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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