TCW Core Mean Deviation
| FIXT ETF | | | 37.73 0.02 0.05% |
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 TCW Core's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
The Mean Deviation of 0.1874 for TCW Core indicates low price variability. This places TCW Core at the lower end of the volatility range for ETF.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.1874 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of TCW Core |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Relative to peers, TCW Core's Mean Deviation is below the group average of 1.04. Peer readings range from 0.2643 (First Trust Exchange Traded) to 3.71 (Global X Blockchain), reflecting wide dispersion across the sector. TCW Core 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 TCW Core 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 (
0.19 ) to Maximum Drawdown (
1.13 ) for TCW Core yields a
6.04 multiple. This indicates Maximum Drawdown substantially exceeds Mean Deviation for TCW Core.
Methodology, Assumptions & Data Sources
TCW Core's Mean Deviation currently stands at 0.1874. The Mean Deviation for TCW Core applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. 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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