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How can I use the excel formula for coefficient of variation in cryptocurrency trading?

avatarMrWorlDec 17, 2021 · 3 years ago3 answers

I'm new to cryptocurrency trading and I've heard about the coefficient of variation. I want to use the excel formula to calculate it for my trading analysis. Can someone guide me on how to use the excel formula for coefficient of variation in cryptocurrency trading?

How can I use the excel formula for coefficient of variation in cryptocurrency trading?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Sure, I can help you with that! To calculate the coefficient of variation in cryptocurrency trading using Excel, you need to first calculate the standard deviation and mean of your data set. Then, divide the standard deviation by the mean and multiply it by 100 to get the coefficient of variation. You can use the STDEV and AVERAGE functions in Excel to calculate the standard deviation and mean respectively. Let me know if you need more detailed instructions!
  • avatarDec 17, 2021 · 3 years ago
    Calculating the coefficient of variation in cryptocurrency trading using Excel is quite simple. First, make sure you have your data set ready in an Excel spreadsheet. Then, use the STDEV function to calculate the standard deviation of your data and the AVERAGE function to calculate the mean. Finally, divide the standard deviation by the mean and multiply it by 100 to get the coefficient of variation. That's it! You now have the coefficient of variation for your cryptocurrency trading data.
  • avatarDec 17, 2021 · 3 years ago
    No worries, I got your back! To calculate the coefficient of variation in cryptocurrency trading using Excel, you can follow these steps: 1. Calculate the standard deviation of your data using the STDEV function. 2. Calculate the mean of your data using the AVERAGE function. 3. Divide the standard deviation by the mean. 4. Multiply the result by 100 to get the coefficient of variation. That's all there is to it! If you have any further questions, feel free to ask!