First Trust Mean Deviation
| FHC Etf | | | CAD 27.69 0.52 1.91% |
First Trust mean deviation lookup summarizes this and related technical indicators for First Trust Dow. Some instruments may have limited coverage due to data differences;
Equity Screeners lists screening tools. Use
Investing Opportunities to better understand diversified portfolio construction. Additional portfolio transparency improves capital positioning. This includes a position in First Trust Dow across the allocation. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
First Trust Dow has current Mean Deviation of 0.8847. 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 |
| = | 0.8847 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of First Trust |
| N | = | Number of calculation points for selected time horizon |
First Trust Mean Deviation Peers Comparison
First Mean Deviation Relative To Other Indicators
First Trust Dow currently holds the
# 2 position in mean deviation as compared to similar ETFs. It is currently under evaluation. in maximum drawdown as compared to similar ETFs reporting about
6.24 of Maximum Drawdown per Mean Deviation. The ratio of Maximum Drawdown to Mean Deviation for First Trust Dow is roughly
6.24 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.
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.