Fidelity Low Mean Deviation
| FDLO ETF | | | USD 69.45 0.13 0.19% |
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 Fidelity Low's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
Fidelity Low's Mean Deviation of 0.4875 reflects low price variability. This places Fidelity Low at the lower end of the volatility range for ETF.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.4875 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Fidelity Low |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Among sector peers, Fidelity Low's Mean Deviation of 0.4875 is below the 0.68 group average. The range runs from 0.3617 (Aptus Defined Risk) to 0.7716 (BlackRock Carbon Transition). Fidelity Low has exhibited less 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 Fidelity Low 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.
Fidelity Low shows nearly
5.33 of Maximum Drawdown per unit of Mean Deviation (
0.49 versus
2.60 ). This indicates Maximum Drawdown substantially exceeds Mean Deviation for Fidelity Low.
Methodology, Assumptions & Data Sources
Fidelity Low has a current Mean Deviation reading of 0.4875. The Mean Deviation for Fidelity Low is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for 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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