Invesco DWA Mean Deviation
| PEZ ETF | | | USD 100.90 1.38 1.39% |
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 Invesco DWA's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
The current Mean Deviation of 1.22 places Invesco DWA at moderate price variability. This places Invesco DWA within the typical volatility range for ETF.
Mean Deviation | = | SUM(RET DEV)N |
| = | 1.22 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Invesco DWA |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Invesco DWA falls above the 0.89 peer average for Mean Deviation. Invesco DWA Basic leads at 1.39 while Pacer Swan SOS registers the lowest at 0.4837. Invesco DWA 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 Invesco DWA 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.
Invesco DWA's Maximum Drawdown of
6.64 runs about
5.44 times its Mean Deviation of
1.22 . This indicates Maximum Drawdown substantially exceeds Mean Deviation for Invesco DWA.
Methodology, Assumptions & Data Sources
The current Mean Deviation for Invesco DWA is 1.22. The Mean Deviation for Invesco DWA applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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