Counterpoint Quantitative Mean Deviation
| CPAI ETF | | | USD 47.15 -0.51 -1.07% |
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. Below is Counterpoint Quantitative's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
The Mean Deviation of 1.14 for Counterpoint Quantitative indicates moderate price variability. This places Counterpoint Quantitative within the typical volatility range for ETF.
Mean Deviation | = | SUM(RET DEV)N |
| = | 1.14 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Counterpoint Quantitative |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Relative to peers, Counterpoint Quantitative's Mean Deviation is above the group average of 0.95. Peer readings range from 0.5339 (Alpha Architect Gdsdn) to 1.69 (ProShares Ultra MidCap400), reflecting wide dispersion across the sector. Counterpoint Quantitative has exhibited greater price dispersion than the peer average over the measured period.
Mean Deviation Relative To Other Indicators
The chart below plots Mean Deviation against Maximum Drawdown for Counterpoint Quantitative and its peers. Each point represents one equity — position along the horizontal axis shows Mean Deviation while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
At
1.14 for Mean Deviation and
6.57 for Maximum Drawdown, Counterpoint Quantitative's cross-indicator ratio sits almost
5.74 . This indicates Maximum Drawdown substantially exceeds Mean Deviation for Counterpoint Quantitative.
Methodology, Assumptions & Data Sources
Counterpoint Quantitative's Mean Deviation currently stands at 1.14. The Mean Deviation for Counterpoint Quantitative applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. Values are specific to the selected time horizon and may differ across measurement periods. This indicator does not constitute investment advice.
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