RBC Discount Mean Deviation
| RUDB ETF | | | 21.71 0.11 0.51% |
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 RBC Discount's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
With Mean Deviation at 0.1933, RBC Discount shows low price variability. This places RBC Discount at the lower end of the volatility range for ETF.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.1933 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of RBC Discount |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Among sector peers, RBC Discount's Mean Deviation of 0.1933 is below the 0.29 group average. The range runs from 0.1255 (RBC Discount Bond) to 0.5661 (Fidelity Tactical High). RBC Discount 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 RBC Discount 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.
RBC Discount shows nearly
7.57 of Maximum Drawdown per unit of Mean Deviation (
0.19 versus
1.46 ). This indicates Maximum Drawdown substantially exceeds Mean Deviation for RBC Discount.
Methodology, Assumptions & Data Sources
RBC Discount has a current Mean Deviation reading of 0.1933. The Mean Deviation for RBC Discount 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. The output reflects the selected calculation window — changing the horizon will produce different readings. This ETF metric is provided for analytical reference.
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