Overlay Shares Mean Deviation
| OVB ETF | | | USD 20.61 -0.05 -0.24% |
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 Overlay Shares's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
Overlay Shares carries a Mean Deviation of 0.2937, consistent with low price variability. This places Overlay Shares at the lower end of the volatility range for ETF.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.2937 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Overlay Shares |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Overlay Shares's Mean Deviation of 0.2937 falls below the 0.57 peer average. Values range from 0.1241 (Innovator Premium Income) to 1.48 (NestYield Dynamic Income), with wide dispersion across the group. Overlay Shares 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 Overlay Shares 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.
Overlay Shares's Maximum Drawdown of
1.96 runs about
6.68 times its Mean Deviation of
0.29 . This indicates Maximum Drawdown substantially exceeds Mean Deviation for Overlay Shares.
Methodology, Assumptions & Data Sources
The current Mean Deviation for Overlay Shares is 0.2937. The Mean Deviation for Overlay Shares applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for 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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