The coefficient of variation (CV)provides a relative measure of the dispersion in data relative to the mean.

Coefficient of Variation

A measure of relative variability that expresses the standard deviation as a proportion of the mean, commonly used to compare the degree of variation from one data series to another.

Dispersion

The degree to which a distribution is stretched or squeezed, often measured by statistics such as range, variance, or standard deviation.

Relative Measure

A statistical or analytical metric that is used to assess or compare entities with reference to another entity or a common benchmark.