UBS ETF Mean Deviation
| USMUFS Etf | | | CHF 24.86 0.06 0.24% |
Technical inputs supporting the Mean Deviation indicator for UBS ETF plc are shown here. Coverage differences may occur across instruments and market segments. Diversification context is available through
World Market Map. Allocation context can improve visibility into portfolio balance. UBS ETF plc can be tracked within a custom portfolio for ongoing monitoring. Portfolio construction methods define how positions are sized relative to each other. Broader economic conditions can influence UBS ETF plc's etf valuation — related indicators include
signals in price.
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How to Trade UBS Etf guide.
UBS ETF plc has current Mean Deviation of 0.4396. 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 |
| = | 0.4396 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of UBS ETF |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Mean Deviation Relative To Other Indicators
UBS ETF plc is rated
below average in mean deviation compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs reporting about
8.33 of Maximum Drawdown per Mean Deviation. At
8.33 , UBS ETF plc's Maximum Drawdown-to-Mean Deviation multiple reflects the spread between these metrics
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 UBS ETF to Peers
Other Technical Indicators