ProShares Ultra Mean Deviation
| SAA ETF | | | USD 31.95 -0.84 -2.56% |
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 ProShares Ultra's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
ProShares Ultra's Mean Deviation of 1.73 reflects moderate price variability. This places ProShares Ultra within the typical volatility range for ETF.
Mean Deviation | = | SUM(RET DEV)N |
| = | 1.73 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of ProShares Ultra |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Among sector peers, ProShares Ultra's Mean Deviation of 1.73 is above the 1.1 group average. The range runs from 0.4608 (EA Series Trust) to 2.61 (ProShares UltraPro MidCap400). ProShares Ultra 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 ProShares Ultra 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.
ProShares Ultra's Maximum Drawdown of
7.86 runs about
4.55 times its Mean Deviation of
1.73 . This indicates Maximum Drawdown is significantly higher than Mean Deviation for ProShares Ultra.
Methodology, Assumptions & Data Sources
ProShares Ultra has a current Mean Deviation reading of 1.73. The Mean Deviation for ProShares Ultra is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. 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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