Epiroc AB Coefficient Of Variation vs. Variance

EPI-B Stock  SEK 174.60  0.40  0.23%   
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Epiroc AB has current Coefficient Of Variation of 6341.73. 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

 = 
6341.73
ER = Expected return on investing in Epiroc AB
STD =   Standard Deviation of returns on Epiroc AB

Epiroc AB Coefficient Of Variation Peers Comparison

Epiroc Coefficient Of Variation Relative To Other Indicators

Epiroc AB is rated # 2 in coefficient of variation category among its peers. It is currently under evaluation in variance category among its peers making up about  0.0004  of Variance per Coefficient Of Variation. The ratio of Coefficient Of Variation to Variance for Epiroc AB is roughly  2,515 
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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