GANGLONG CHINA Coefficient Of Variation vs. Jensen Alpha

52J Stock  EUR 0.01  0.0005  5.88%   
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GANGLONG CHINA PRGRLTD has current Coefficient Of Variation of 719.03. 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

 = 
719.03
ER = Expected return on investing in GANGLONG CHINA
STD =   Standard Deviation of returns on GANGLONG CHINA

GANGLONG CHINA Coefficient Of Variation Peers Comparison

GANGLONG Coefficient Of Variation Relative To Other Indicators

GANGLONG CHINA PRGRLTD is rated fourth in coefficient of variation category among its peers. It is number one stock in jensen alpha category among its peers fabricating about  0.01  of Jensen Alpha per Coefficient Of Variation. The ratio of Coefficient Of Variation to Jensen Alpha for GANGLONG CHINA PRGRLTD is roughly  156.40 
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.
Compare GANGLONG CHINA to Peers

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