John Hancock Mean Deviation
| JHML ETF | | | USD 86.93 1.12 1.31% |
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 John Hancock's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
The current Mean Deviation of 0.6702 places John Hancock at low price variability. This places John Hancock at the lower end of the volatility range for ETF.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.6702 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of John Hancock |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
John Hancock falls below the 0.77 peer average for Mean Deviation. VanEck Oil Services leads at 1.34 while FT Cboe Vest registers the lowest at 0.4829. John Hancock 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 John Hancock 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.
The Maximum Drawdown-to-Mean Deviation ratio for John Hancock sits near
5.40 , with Mean Deviation at
0.67 and Maximum Drawdown at
3.62 . This indicates Maximum Drawdown substantially exceeds Mean Deviation for John Hancock.
Methodology, Assumptions & Data Sources
John Hancock has a current Mean Deviation reading of 0.6702. Mean Deviation for John Hancock is derived by applying a defined formula to historical price observations, producing a time-series of comparable readings. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other 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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