OceanaGold Coefficient Of Variation
| OGC Stock | | | CAD 41.44 -1.71 -3.96% |
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 OceanaGold's current Coefficient Of Variation with peer comparisons and related risk metrics.
Current Coefficient Of Variation Value
OceanaGold carries a Coefficient Of Variation of
-28,773, consistent with that OceanaGold's expected return over the measured period is negative, meaning volatility is not being compensated by positive performance. 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 |
| = | -28,773 | |
Coefficient Of Variation Peers Comparison
Relative to peers, OceanaGold's Coefficient Of Variation is below the group average of -2475.03. Peer readings range from -18766.3726 (Torex Gold Resources) to 6011.62 (OR Royalties), reflecting tight clustering across the sector. Relative to peers, OceanaGold's current CV suggests a less favorable risk-return profile over the measured period, as volatility has not translated into positive expected returns.
Coefficient Of Variation Relative To Other Indicators
The chart below plots Coefficient Of Variation against Maximum Drawdown for OceanaGold 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.
Compare OceanaGold to PeersMethodology, Assumptions & Data Sources
OceanaGold's Coefficient Of Variation currently stands at -28,773. This Coefficient Of Variation reading for OceanaGold results from applying the indicator's calculation rules to price and volume data over the selected window. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. OceanaGold operates in the basic materials sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
Other Technical Indicators