Jinyu Bio Coefficient Of Variation vs. Jensen Alpha

600201 Stock   7.40  0.03  0.41%   
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Jinyu Bio Technology Co has current Coefficient Of Variation of 775.25. 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

 = 
775.25
ER = Expected return on investing in Jinyu Bio
STD =   Standard Deviation of returns on Jinyu Bio

Jinyu Bio Coefficient Of Variation Peers Comparison

Jinyu Coefficient Of Variation Relative To Other Indicators

Jinyu Bio Technology Co is rated below average in coefficient of variation category among its peers. It is currently under evaluation in jensen alpha category among its peers fabricating about  0.0005  of Jensen Alpha per Coefficient Of Variation. The ratio of Coefficient Of Variation to Jensen Alpha for Jinyu Bio Technology Co is roughly  2,183 
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.
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