Pacer Trendpilot Mean Deviation
| PTIN ETF | | | USD 34.53 -0.01 -0.03% |
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 Pacer Trendpilot's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
The Mean Deviation of 1.04 for Pacer Trendpilot indicates moderate price variability. This places Pacer Trendpilot within the typical volatility range for ETF.
Mean Deviation | = | SUM(RET DEV)N |
| = | 1.04 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Pacer Trendpilot |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Relative to peers, Pacer Trendpilot's Mean Deviation is above the group average of 0.87. Peer readings range from 0.2379 (Innovator Russell 2000) to 1.5 (iShares MSCI UAE), reflecting wide dispersion across the sector. Pacer Trendpilot 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 Pacer Trendpilot 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.
Pacer Trendpilot shows nearly
6.10 of Maximum Drawdown per unit of Mean Deviation (
1.04 versus
6.34 ). This indicates Maximum Drawdown substantially exceeds Mean Deviation for Pacer Trendpilot.
Methodology, Assumptions & Data Sources
The current Mean Deviation for Pacer Trendpilot is 1.04. Mean Deviation for Pacer Trendpilot is derived by applying a defined formula to historical price observations, producing a time-series of comparable readings. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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