Cabana Target Mean Deviation
| TDSB ETF | | | USD 24.82 0.10 0.40% |
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 Cabana Target's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
Cabana Target carries a Mean Deviation of 0.4032, consistent with low price variability. This places Cabana Target at the lower end of the volatility range for ETF.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.4032 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Cabana Target |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Cabana Target's Mean Deviation of 0.4032 falls below the 0.58 peer average. Values range from 0.1139 (FT Vest Equity) to 1.02 (Innovator ETFs Trust), with wide dispersion across the group. Cabana Target 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 Cabana Target 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.
Cabana Target's Maximum Drawdown of
2.35 runs about
5.83 times its Mean Deviation of
0.40 . This indicates Maximum Drawdown substantially exceeds Mean Deviation for Cabana Target.
Methodology, Assumptions & Data Sources
The current Mean Deviation for Cabana Target is 0.4032. The Mean Deviation for Cabana Target is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. 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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