Direxion Daily Mean Deviation
| UTSL ETF | | | USD 45.60 -1.83 -3.86% |
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 Direxion Daily's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
Direxion Daily has a Mean Deviation of 2.36, indicating moderate price variability. This places Direxion Daily within the typical volatility range for ETF.
Mean Deviation | = | SUM(RET DEV)N |
| = | 2.36 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Direxion Daily |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Among sector peers, Direxion Daily's Mean Deviation of 2.36 is above the 1.59 group average. The range runs from 0.5714 (WBI BullBear Value) to 3.14 (Direxion Daily FTSE). Direxion Daily 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 Direxion Daily 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 Direxion Daily sits near
8.57 , with Mean Deviation at
2.36 and Maximum Drawdown at
20.19 . This indicates Maximum Drawdown substantially exceeds Mean Deviation for Direxion Daily.
Methodology, Assumptions & Data Sources
The current Mean Deviation for Direxion Daily is 2.36. Direxion Daily'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. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. Values are specific to the selected time horizon and may differ across measurement periods. This indicator does not constitute investment advice.
Other Technical Indicators