Trueshares Structured Mean Deviation
| JULZ ETF | | | USD 44.22 0.31 0.71% |
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 Trueshares Structured's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
The Mean Deviation of 0.6615 for Trueshares Structured indicates low price variability. This places Trueshares Structured at the lower end of the volatility range for ETF.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.6615 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Trueshares Structured |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Relative to peers, Trueshares Structured's Mean Deviation is above the group average of 0.47. Peer readings range from 0.0844 (Innovator Premium Income) to 1.23 (Tidal ETF Trust), reflecting wide dispersion across the sector. Trueshares Structured 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 Trueshares Structured 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.
Trueshares Structured's Maximum Drawdown of
3.33 runs about
5.03 times its Mean Deviation of
0.66 . This indicates Maximum Drawdown substantially exceeds Mean Deviation for Trueshares Structured.
Methodology, Assumptions & Data Sources
The current Mean Deviation for Trueshares Structured is 0.6615. This Mean Deviation reading for Trueshares Structured results from applying the indicator's calculation rules to price and volume data over the selected window. 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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