FlexShares Morningstar Coefficient Of Variation
| TLTE ETF | | | USD 77.03 -1.01 -1.29% |
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 FlexShares Morningstar's current Coefficient Of Variation with peer comparisons and related risk metrics.
Current Coefficient Of Variation Value
A Coefficient Of Variation of 981.04 for FlexShares Morningstar signals 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 |
| = | 981.04 | |
Coefficient Of Variation Peers Comparison
Among sector peers, FlexShares Morningstar's Coefficient Of Variation of 981.04 is above the -745.37 group average. The range runs from -21783.1219 (SPDR Dow Jones) to 2667.16 (Pacer Lunt Large). Relative to peers, FlexShares Morningstar'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 FlexShares Morningstar 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.
With Coefficient Of Variation at
981.04 and Maximum Drawdown at
6.53 , FlexShares Morningstar shows a
0.01 -to-one ratio between these indicators. This indicates Maximum Drawdown falls substantially below Coefficient Of Variation for FlexShares Morningstar. The Coefficient Of Variation to Maximum Drawdown ratio for FlexShares Morningstar Emerging comes in at
150.16 Methodology, Assumptions & Data Sources
FlexShares Morningstar's Coefficient Of Variation currently stands at 981.04. This Coefficient Of Variation reading for FlexShares Morningstar results from applying the indicator's calculation rules to price and volume data over the selected window. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. The output reflects the selected calculation window — changing the horizon will produce different readings. This ETF metric is provided for analytical reference.
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