Tencent Music Coefficient Of Variation
| TME Stock | | | USD 9.24 -0.03 -0.32% |
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 Tencent Music's current Coefficient Of Variation with peer comparisons and related risk metrics.
Current Coefficient Of Variation Value
The Coefficient Of Variation of
-575.47 for Tencent Music indicates that Tencent Music'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 |
| = | -575.47 | |
Coefficient Of Variation Peers Comparison
Relative to peers, Tencent Music's Coefficient Of Variation is above the group average of -988.27. Peer readings range from -22777.3679 (Baidu Inc) to 5679.93 (Reddit), reflecting tight clustering across the sector. Relative to peers, Tencent Music'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 Tencent Music 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 Tencent Music to PeersMethodology, Assumptions & Data Sources
Tencent Music's Coefficient Of Variation currently stands at -575.47. The Coefficient Of Variation for Tencent Music applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. Tencent Music operates in the communication services sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Values are specific to the selected time horizon and may differ across measurement periods. This indicator does not constitute investment advice.
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