KraneShares MSCI Mean Deviation
| KEMX ETF | | | USD 49.49 1.61 3.36% |
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 KraneShares MSCI's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
The current Mean Deviation of 1.6 places KraneShares MSCI at moderate price variability. This places KraneShares MSCI within the typical volatility range for ETF.
Mean Deviation | = | SUM(RET DEV)N |
| = | 1.6 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of KraneShares MSCI |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
KraneShares MSCI falls above the 1.13 peer average for Mean Deviation. Matthews International Funds leads at 2.56 while Cambria Value and registers the lowest at 0.5232. KraneShares MSCI 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 KraneShares MSCI 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.
KraneShares MSCI's Maximum Drawdown of
8.31 runs about
5.20 times its Mean Deviation of
1.60 . This indicates Maximum Drawdown substantially exceeds Mean Deviation for KraneShares MSCI.
Methodology, Assumptions & Data Sources
The current Mean Deviation for KraneShares MSCI is 1.6. Mean Deviation for KraneShares MSCI is derived by applying a defined formula to historical price observations, producing a time-series of comparable readings. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. 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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