First Trust Mean Deviation
| FPWR ETF | | | 37.52 -0.46 -1.21% |
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 current Mean Deviation of 0.5396 places First Trust at low price variability. This places First Trust at the lower end of the volatility range for ETF.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.5396 | |
| 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
First Trust falls below the 0.62 peer average for Mean Deviation. ACGR leads at 1.08 while Innovator Capital Management registers the lowest at 0.0821. First Trust 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 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.
First Trust's Mean Deviation reads
0.54 while Maximum Drawdown reads
3.94 , a
7.30 ratio between the two. This indicates Maximum Drawdown substantially exceeds Mean Deviation for First Trust.
Methodology, Assumptions & Data Sources
First Trust's Mean Deviation currently stands at 0.5396. Mean Deviation for First Trust is derived by applying a defined formula to historical price observations, producing a time-series of comparable readings. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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