First Trust Mean Deviation
| DVLU ETF | | | USD 37.62 0.10 0.27% |
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 First Trust's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
The Mean Deviation of 0.9462 for First Trust indicates low price variability. This places First Trust at the lower end of the volatility range for ETF.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.9462 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of First Trust |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Relative to peers, First Trust's Mean Deviation is above the group average of 0.59. Peer readings range from 0.1423 (First Trust Vivaldi) to 1.51 (KraneShares Emerging Markets), reflecting wide dispersion across the sector. First Trust 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 First Trust 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.
Comparing Mean Deviation (
0.95 ) to Maximum Drawdown (
5.66 ) for First Trust yields a
5.98 multiple. This indicates Maximum Drawdown substantially exceeds Mean Deviation for First Trust.
Methodology, Assumptions & Data Sources
First Trust's Mean Deviation currently stands at 0.9462. The Mean Deviation for First Trust applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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