First Trust Coefficient Of Variation
| QSPT ETF | | | USD 33.99 0.21 0.62% |
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 868.59, First Trust's Coefficient Of Variation indicates 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 |
| = | 868.59 | |
Coefficient Of Variation Peers Comparison
Among sector peers, First Trust's Coefficient Of Variation of 868.59 is above the 823.36 group average. The range runs from 376.06 (First Trust Exchange Traded) to 1086.64 (First Trust Exchange Traded). 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 (
868.59 ) to Maximum Drawdown (
3.05 ) for First Trust yields a
0.0035 multiple. This indicates Maximum Drawdown falls substantially below Coefficient Of Variation for First Trust. For First Trust Exchange Traded, Coefficient Of Variation stands at
284.92 times Maximum Drawdown
Methodology, Assumptions & Data Sources
The current Coefficient Of Variation for First Trust is 868.59. First Trust's Coefficient Of Variation is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. Values are specific to the selected time horizon and may differ across measurement periods. This indicator does not constitute investment advice.
Other Technical Indicators