CI Preferred Mean Deviation
| FPR Etf | | | CAD 25.79 0.01 0.04% |
This module presents the Mean Deviation indicator for CI Preferred Share using available market inputs. The indicator computation uses normalized market activity data.
Investing Opportunities frames the approach to diversified portfolio design. The view supports a broader understanding of portfolio structure. This suggests a position in CI Preferred Share. This appears in the portfolio view. 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.
CI Preferred Share has current Mean Deviation of 0.2858. 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 |
| = | 0.2858 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of CI Preferred |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Mean Deviation Relative To Other Indicators
CI Preferred Share is rated
below average in mean deviation against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
8.23 in Maximum Drawdown for each unit of Mean Deviation. The spread between Maximum Drawdown and Mean Deviation for CI Preferred Share sits at
8.23 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 CI Preferred to Peers
Other Technical Indicators