**Coefficient of Variation Calculator - eFinanceManagement**
https://efinancemanagement.com/calculator/coefficient-of-variation-2

Standard deviation is divided from average return for calculating CV. Mathematically presentation of the same is as follows: Coefficient of Variation (CV)= (σ / x̄) * 100 Where, σ = Standard Deviation and x̄ = Average Return

Standard deviation is divided from** average return** for calculating CV. Mathematically presentation of the same is as follows:** Coefficient of Variation (CV)= (σ / x̄)** * 100 Where,** σ = Standard Deviation and x̄ = Average Return**

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