CVS Health Coefficient Of Variation

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CVS -- USA Stock  

Earning Report: February 12, 2020  

CVS Health coefficient-of-variation technical analysis lookup allows you to check this and other technical indicators for CVS Health Corporation 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
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CVS Health Corporation has current Coefficient Of Variation of 477.21. Coefficient of Variation (or CV) is a normalized measure of dispersion of a probability distribution. It is also known as variation coefficient or simply unitized risk. The absolute value of Coefficient of Variation is sometimes called Relative Standard Deviation (or RSD), which is expressed as a percentage.
Coefficient Of Variation 
 = 
STD 
ER 
 = 
477.21
ER =   Expected return on investing in CVS Health
STD =   Standard Deviation of returns on CVS Health

Coefficient Of Variation Comparison

CVS Health Corporation is rated fifth in coefficient of variation category among related companies. It is rated below average in maximum drawdown category among related companies reporting about  0.0163  of Maximum Drawdown per Coefficient Of Variation. The ratio of Coefficient Of Variation to Maximum Drawdown for CVS Health Corporation is roughly  61.37 
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 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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