Affinity World Mean Deviation
| WLDR ETF | | | USD 41.82 0.69 1.68% |
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 Affinity World's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
Affinity World's Mean Deviation of 0.8667 reflects low price variability. This places Affinity World at the lower end of the volatility range for ETF.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.8667 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Affinity World |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Among sector peers, Affinity World's Mean Deviation of 0.8667 is below the 1.06 group average. The range runs from 0.246 (FundX Investment Trust) to 2.64 (PLUS Korea Defense). Affinity World 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 Affinity World 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.
Affinity World's Mean Deviation reads
0.87 while Maximum Drawdown reads
5.04 , a
5.81 ratio between the two. This indicates Maximum Drawdown substantially exceeds Mean Deviation for Affinity World.
Methodology, Assumptions & Data Sources
Affinity World has a current Mean Deviation reading of 0.8667. The Mean Deviation for Affinity World is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. 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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