SavvyShort TSLA Mean Deviation
| TSLD Etf | | | 11.65 0.29 2.55% |
This technical indicator view for Mean Deviation organizes signals for SavvyShort TSLA ETF and comparable instruments. Data availability can vary by region and feed;
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SavvyShort TSLA ETF has current Mean Deviation of 3.54. 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 |
| = | 3.54 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of SavvyShort TSLA |
| N | = | Number of calculation points for selected time horizon |
SavvyShort TSLA Mean Deviation Peers Comparison
SavvyShort Mean Deviation Relative To Other Indicators
SavvyShort TSLA ETF is rated
below average in mean deviation against similar ETFs. It is rated
below average in maximum drawdown against similar ETFs producing
5.57 in Maximum Drawdown for each unit of Mean Deviation. The spread between Maximum Drawdown and Mean Deviation for SavvyShort TSLA ETF sits at
5.57 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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