SPDR Refinitiv Mean Deviation
| GCVC Etf | | | CHF 45.57 0.06 0.13% |
Observed values used to calculate the Mean Deviation technical indicator for SPDR Refinitiv Global. Some instruments may provide partial coverage depending on trading history.
SPDR Refinitiv Global has current Mean Deviation of 0.6317. 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 |
| = | 0.6317 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of SPDR Refinitiv |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Mean Deviation Relative To Other Indicators
SPDR Refinitiv Global falls in the
third position for mean deviation relative to ETF peers. It is currently under evaluation for maximum drawdown relative to ETF peers reflecting a
6.77 ratio of Maximum Drawdown to Mean Deviation. SPDR Refinitiv Global's Maximum Drawdown exceeds Mean Deviation by a factor of
6.77 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.
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