Absolute dispersion usually refers to the standard deviation, a
measure of variation from the mean, the units of st. dev. are the
same as for the data.
Relative dispersion, sometimes called the coefficient of
variation, is the result of dividing the st. dev. by the mean,
hence it is dimensionless (it may also be presented as a
percentage). So a low value of relative dispersion usually implies
that the st. dev. is small in comparison to the magnitude of the
mean, as in a st. dev. of 6cm for a mean of 4m would give a figure
of 0.015 (1.5%) whereas with a mean of 40cm it would be 0.15 or
15%.
However with measurements either side of zero and a mean close
to zero the relative dispersion could be greater than 1.
As is usual, interpret with caution.