Joo Fortes Coefficient Of Variation

JFEN3 Stock  BRL 3.06  0.19  5.85%   
Joo Fortes coefficient-of-variation technical analysis lookup allows you to check this and other technical indicators for Joo Fortes Engenharia 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
  
Joo Fortes Engenharia has current Coefficient Of Variation of (2,892). 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

 = 
(2,892)
ER = Expected return on investing in Joo Fortes
STD =   Standard Deviation of returns on Joo Fortes

Joo Fortes Coefficient Of Variation Peers Comparison

724.29-2.89K-708.52-518.81-537.33100%

Joo Coefficient Of Variation Relative To Other Indicators

Joo Fortes Engenharia is rated fifth overall in coefficient of variation category among its peers. It is currently under evaluation in maximum drawdown category among its peers .
JavaScript chart by amCharts 3.21.15VIVR3RSID3TCSA3PDGR3JFEN3 050100150200 -3K-2.5K-2K-1.5K-1K-5000
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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