6 Meridian Mean Deviation
| SIXL ETF | | | USD 38.46 0.04 0.10% |
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 6 Meridian's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
At 0.4709, 6 Meridian exhibits low price variability in Mean Deviation. This places 6 Meridian at the lower end of the volatility range for ETF.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.4709 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of 6 Meridian |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Relative to peers, 6 Meridian's Mean Deviation is below the group average of 1.06. Peer readings range from 0.3456 (SEI DBi Multi Strategy) to 2.4 (YieldMax Crypto Industry), reflecting wide dispersion across the sector. 6 Meridian 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 6 Meridian 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.
The Maximum Drawdown-to-Mean Deviation ratio for 6 Meridian sits near
5.65 , with Mean Deviation at
0.47 and Maximum Drawdown at
2.66 . This indicates Maximum Drawdown substantially exceeds Mean Deviation for 6 Meridian.
Methodology, Assumptions & Data Sources
6 Meridian's Mean Deviation currently stands at 0.4709. 6 Meridian's Mean Deviation is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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