RBC Short Mean Deviation
| RUSB Etf | | | CAD 21.43 0.06 0.28% |
The Mean Deviation reading for RBC Short Term is computed from historical trading observations. Values reflect historical observations within the available dataset. Normalization methods and data feeds may affect reported values. Portfolio design and allocation context appear in
Your Equity Center. Portfolio-level transparency adds depth to allocation analysis. Position sizing and allocation together define the portfolio construction approach. All values are based on available data and provided as reference information. The allocation includes a position in RBC Short Term. The position falls within the allocation 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.
RBC Short Term has current Mean Deviation of 0.3073. 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 |
| = | 0.3073 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of RBC Short |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Mean Deviation Relative To Other Indicators
RBC Short Term is rated
below average in mean deviation against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
16.01 in Maximum Drawdown for each unit of Mean Deviation. The spread between Maximum Drawdown and Mean Deviation for RBC Short Term sits at
16.01 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 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 RBC Short to Peers
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