Fidelity Summer Coefficient Of Variation

FNETXDelisted Fund  USD 12.47  0.00  0.00%   
Fidelity Summer coefficient-of-variation technical analysis lookup allows you to check this and other technical indicators for Fidelity Summer Street or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also Equity Screeners to view more equity screening tools
  
Fidelity Summer Street has current Coefficient Of Variation of 679.25. 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

 = 
679.25
ER = Expected return on investing in Fidelity Summer
STD =   Standard Deviation of returns on Fidelity Summer

Fidelity Summer Coefficient Of Variation Peers Comparison

Fidelity Coefficient Of Variation Relative To Other Indicators

Fidelity Summer Street is rated # 4 fund in coefficient of variation among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about  0.01  of Maximum Drawdown per Coefficient Of Variation. The ratio of Coefficient Of Variation to Maximum Drawdown for Fidelity Summer Street is roughly  143.95 
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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