A higher coefficient of variation indicates more risk per unit of return.

Name: A higher coefficient of variation indicates more risk per unit of return.
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The coefficient of variation (CV) is a measure of relative variability calculated as the ratio of the standard deviation to the mean of the data. A higher CV indicates that the data has a wider spread and is more variable. Since risk is synonymous with uncertainty or variability, a higher CV implies more risk per unit of return.

A Higher Coefficient of Variation Indicates More Risk Per Unit