Global X Mean Deviation
| GLCC Etf | | | 50.99 -1.81 -3.43% |
This dataset for Global X Gold reflects inputs used in the Mean Deviation calculation. Values are derived from historical price and volume observations.
Risk vs Return Analysis frames the approach to diversified portfolio design. Refined allocation visibility enhances overall portfolio context. This reflects a position in Global X Gold. The allocation framework shapes how individual positions are weighted. 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.
Global X Gold has current Mean Deviation of 2.26. 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 |
| = | 2.26 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Global X |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Mean Deviation Relative To Other Indicators
Global X Gold takes the leading position in mean deviation against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
6.65 in Maximum Drawdown for each unit of Mean Deviation. The spread between Maximum Drawdown and Mean Deviation for Global X Gold sits at
6.65 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.
Compare Global X to Peers
Other Technical Indicators