DBX ETF Mean Deviation
| MIDE ETF | | | USD 37.17 0.79 2.17% |
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 DBX ETF's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
At 0.871, DBX ETF's Mean Deviation indicates low price variability. This places DBX ETF at the lower end of the volatility range for ETF.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.871 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of DBX ETF |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
The peer group averages 1.06 for Mean Deviation, with DBX ETF at 0.871 falling below that level. Readings span 0.5485 (Direxion All Cap) to 2.03 (ProShares Nanotechnology ETF). DBX ETF 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 DBX ETF 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.
With Mean Deviation at
0.87 and Maximum Drawdown at
5.54 , DBX ETF shows a
6.36 -to-one ratio between these indicators. This indicates Maximum Drawdown substantially exceeds Mean Deviation for DBX ETF.
Methodology, Assumptions & Data Sources
The current Mean Deviation for DBX ETF is 0.871. DBX ETF's Mean Deviation is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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