First Trust Mean Deviation
| MFLX ETF | | | USD 17.21 0.01 0.06% |
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 First Trust's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
First Trust carries a Mean Deviation of 0.2288, consistent with low price variability. This places First Trust at the lower end of the volatility range for ETF.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.2288 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of First Trust |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
First Trust's Mean Deviation of 0.2288 falls below the 0.91 peer average. Values range from 0.0415 (Goldman Sachs Ultra) to 2.13 (Roundhill ETF Trust), with wide dispersion across the group. First Trust 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 First Trust 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.
First Trust's Maximum Drawdown of
1.98 runs about
8.66 times its Mean Deviation of
0.23 . This indicates Maximum Drawdown substantially exceeds Mean Deviation for First Trust.
Methodology, Assumptions & Data Sources
First Trust has a current Mean Deviation reading of 0.2288. The Mean Deviation for First Trust applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. 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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