Pacer Global Mean Deviation
| GCOW ETF | | | USD 45.57 0.16 0.35% |
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 Pacer Global's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
With Mean Deviation at 0.5935, Pacer Global shows low price variability. This places Pacer Global at the lower end of the volatility range for ETF.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.5935 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Pacer Global |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Pacer Global falls below the 0.81 peer average for Mean Deviation. Franklin FTSE Japan leads at 1.23 while Vanguard Global Wellington registers the lowest at 0.496. Pacer Global 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 Pacer Global 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.
Pacer Global produces
6.11 in Maximum Drawdown for each unit of Mean Deviation, with respective readings of
3.63 and
0.59 . This indicates Maximum Drawdown substantially exceeds Mean Deviation for Pacer Global.
Methodology, Assumptions & Data Sources
The current Mean Deviation for Pacer Global is 0.5935. The Mean Deviation for Pacer Global applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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