6 Meridian Mean Deviation
| SIXS ETF | | | USD 55.08 0.04 0.07% |
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 0.6179, 6 Meridian's Mean Deviation indicates low price variability. This places 6 Meridian at the lower end of the volatility range for ETF.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.6179 | |
| 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
The peer group averages 0.89 for Mean Deviation, with 6 Meridian at 0.6179 falling below that level. Readings span 0.5752 (Innovator MSCI Emerging) to 1.24 (iShares JPX Nikkei 400). 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.
Comparing Mean Deviation (
0.62 ) to Maximum Drawdown (
3.43 ) for 6 Meridian yields a
5.56 multiple. This indicates Maximum Drawdown substantially exceeds Mean Deviation for 6 Meridian.
Methodology, Assumptions & Data Sources
6 Meridian's Mean Deviation currently stands at 0.6179. This Mean Deviation reading for 6 Meridian results from applying the indicator's calculation rules to price and volume data over the selected window. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other 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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