IShares SMIM Mean Deviation
| CSSMIM Etf | | | CHF 296.65 -3.05 -1.02% |
Historical market data for iShares SMIM ETF forms the basis of the Mean Deviation indicator shown here. The indicator computation uses normalized market activity data. Market data gaps can influence the computed indicator values. Use
Trending Equities to explore diversified allocation structure. Allocation context can improve visibility into portfolio balance. This reflects a position in iShares SMIM ETF. It is distributed across the allocation. The allocation approach determines the relative weighting of each position. The information is analytical in nature and is not intended as a specific recommendation. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
iShares SMIM ETF has current Mean Deviation of 0.692. 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 |
| = | 0.692 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of IShares SMIM |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Mean Deviation Relative To Other Indicators
iShares SMIM ETF is rated
fifth in mean deviation compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs reporting about
6.50 of Maximum Drawdown per Mean Deviation. At
6.50 , iShares SMIM ETF'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 will always be 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 IShares SMIM to Peers
Other Technical Indicators