SPDR Bloomberg Mean Deviation
| GLAC Etf | | | CHF 27.08 -0.06 -0.22% |
The Mean Deviation calculation for SPDR Bloomberg draws on price and volume history. All inputs are based on actual trading observations from supported exchanges. Use
Risk vs Return Analysis to explore diversified allocation structure. The overall portfolio profile is shaped by the distribution of its holdings. Adding SPDR Bloomberg Global to a portfolio enables side-by-side comparison with other holdings. This enables performance tracking across the full position set. Broader economic conditions can influence SPDR Bloomberg Global's etf valuation — related indicators include
signals in inflation.
SPDR Bloomberg Global has current Mean Deviation of 0.1559. 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 |
| = | 0.1559 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of SPDR Bloomberg |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Mean Deviation Relative To Other Indicators
SPDR Bloomberg Global is rated
below average for mean deviation relative to ETF peers. It is currently under evaluation for maximum drawdown relative to ETF peers reflecting a
7.01 ratio of Maximum Drawdown to Mean Deviation. SPDR Bloomberg Global's Maximum Drawdown exceeds Mean Deviation by a factor of
7.01 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.
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