UBS ETF Mean Deviation
| AWESGS Etf | | | CHF 19.00 0.15 0.80% |
This module presents the Mean Deviation indicator for UBS ETF Plc using available market inputs. The indicator computation uses normalized market activity data.
Trending Equities provides context for diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. UBS ETF Plc can be evaluated within a portfolio framework for weight and risk impact. Weighting is typically determined by the allocation framework in use. Broader economic conditions can influence UBS ETF Plc's etf valuation — related indicators include
signals in census.
For more detail on UBS Etf please use our
How to Invest in UBS Etf guide.
UBS ETF Plc has current Mean Deviation of 0.6405. The mean deviation of the equity instrument is the first measure of the distances between each value of security historical prices and the mean. It gives us an idea of how spread out from the center the distribution of returns.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.6405 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of UBS ETF |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Mean Deviation Relative To Other Indicators
UBS ETF Plc is rated
third in mean deviation compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs reporting about
5.89 of Maximum Drawdown per Mean Deviation. At
5.89 , UBS ETF Plc's Maximum Drawdown-to-Mean Deviation multiple reflects the spread between these metrics
Mean Deviation is the average of the absolute values of the differences between price distribution numbers and their mean. Mean deviation of equity instrument with a lot of historical data is a biased estimator because the time horizon used in calculation is typically much smaller than the entire price history of the equity. The mean deviation is typically used as a measure of dispersion for small investment horizon, otherwise standard deviation is a better measure of dispersion.
Compare UBS ETF to Peers
Other Technical Indicators