Which cryptocurrencies have the highest coefficient of variation according to the formula in Excel?

3 answers

• Nov 29, 2021 · 3 years ago
  Sure! The coefficient of variation measures the relative variability of a cryptocurrency's price compared to its mean. To calculate it in Excel, you need to first calculate the standard deviation and mean of the price data. Then, divide the standard deviation by the mean and multiply by 100 to get the coefficient of variation. The cryptocurrencies with the highest coefficient of variation would have the most price volatility.
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• Nov 29, 2021 · 3 years ago
  Finding the cryptocurrencies with the highest coefficient of variation using Excel is a great way to identify the most volatile ones. By analyzing the price data and calculating the coefficient of variation, you can get a sense of which cryptocurrencies experience the largest price swings. This information can be valuable for traders who are looking for opportunities in the market.
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• Nov 29, 2021 · 3 years ago
  According to our analysis at BYDFi, the cryptocurrencies with the highest coefficient of variation based on the formula in Excel are Bitcoin, Ethereum, and Ripple. These cryptocurrencies have shown significant price volatility over time, making them attractive for traders who thrive on volatility. However, it's important to note that past performance is not indicative of future results, and investing in cryptocurrencies carries risks.
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