Middlefield Healthcare Mean Deviation
| LS ETF | | | CAD 11.29 0.14 1.26% |
Observed values used in the Mean Deviation indicator for Middlefield Healthcare Life are included in this dataset. Comparable indicator datasets are structured within
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Correlation Analysis for context on portfolio diversification. The diversification view provides additional analytical depth. Middlefield Healthcare Life can be added to a watchlist or portfolio for position tracking. This view summarizes available data without implying outcomes. Broader economic conditions can influence Middlefield Healthcare Life's ETF valuation — related indicators include
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Middlefield Healthcare Life has current Mean Deviation of 0.6724. 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 |
| = | 0.6724 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Middlefield Healthcare |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Mean Deviation Relative To Other Indicators
Middlefield Healthcare Life lands at
#4 in mean deviation against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
6.61 in Maximum Drawdown for each unit of Mean Deviation. The spread between Maximum Drawdown and Mean Deviation for Middlefield Healthcare Life sits at
6.61 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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