Voya Global Mean Deviation
| IGA ETF | | | USD 9.56 -0.10 -1.04% |
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 Voya Global's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
The current Mean Deviation of 0.5867 places Voya Global at low price variability. This places Voya Global at the lower end of the volatility range for ETF.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.5867 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Voya Global |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Voya Global falls below the 1.05 peer average for Mean Deviation. China Fund leads at 3.56 while Sharespost 100 registers the lowest at 0.1465. Voya 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 Voya 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.
Voya Global's Maximum Drawdown of
3.46 runs about
5.90 times its Mean Deviation of
0.59 . This indicates Maximum Drawdown substantially exceeds Mean Deviation for Voya Global.
Methodology, Assumptions & Data Sources
The current Mean Deviation for Voya Global is 0.5867. The Mean Deviation for Voya Global 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. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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