PGIM Ultra Coefficient Of Variation

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PGIM Ultra coefficient-of-variation technical analysis lookup allows you to check this and other technical indicators for PGIM Ultra Short 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
  
PGIM Ultra Short has current Coefficient Of Variation of 390.11. 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

 = 
390.11
ER = Expected return on investing in PGIM Ultra
STD =   Standard Deviation of returns on PGIM Ultra

PGIM Ultra Coefficient Of Variation Peers Comparison

PGIM Coefficient Of Variation Relative To Other Indicators

PGIM Ultra Short is regarded third largest ETF in coefficient of variation as compared to similar ETFs. It is currently under evaluation in maximum drawdown as compared to similar ETFs reporting about  0  of Maximum Drawdown per Coefficient Of Variation. The ratio of Coefficient Of Variation to Maximum Drawdown for PGIM Ultra Short is roughly  402.88 
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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