Sime Darby Coefficient Of Variation vs. Jensen Alpha

5285 Stock   4.96  0.04  0.80%   
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Sime Darby Plantation has current Coefficient Of Variation of 964.56. 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

 = 
964.56
ER = Expected return on investing in Sime Darby
STD =   Standard Deviation of returns on Sime Darby

Sime Darby Coefficient Of Variation Peers Comparison

Sime Coefficient Of Variation Relative To Other Indicators

Sime Darby Plantation is rated fifth in coefficient of variation category among its peers. It is currently under evaluation in jensen alpha category among its peers fabricating about  0.0002  of Jensen Alpha per Coefficient Of Variation. The ratio of Coefficient Of Variation to Jensen Alpha for Sime Darby Plantation is roughly  4,421 
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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