Guggenheim Strategic Mean Deviation
| GOF ETF | | | USD 11.57 0.08 0.70% |
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 Guggenheim Strategic's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
At 0.7658, Guggenheim Strategic exhibits low price variability in Mean Deviation. This places Guggenheim Strategic at the lower end of the volatility range for Pioneer Investments.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.7658 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Guggenheim Strategic |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Relative to peers, Guggenheim Strategic's Mean Deviation is above the group average of 0.74. Peer readings range from 0.3573 (T Rowe Price) to 1.18 (Cornerstone Strategic Value), reflecting wide dispersion across the sector. Guggenheim Strategic 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 Guggenheim Strategic 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.
Guggenheim Strategic records a Mean Deviation of
0.77 and a Maximum Drawdown of
5.09 , yielding roughly
6.64 units of Maximum Drawdown per Mean Deviation. This indicates Maximum Drawdown substantially exceeds Mean Deviation for Guggenheim Strategic.
Methodology, Assumptions & Data Sources
The current Mean Deviation for Guggenheim Strategic is 0.7658. The Mean Deviation for Guggenheim Strategic is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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