First Trust Mean Deviation
| XIDE ETF | | | 30.25 -0.03 -0.1% |
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 First Trust's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
First Trust has a Mean Deviation of 0.2304, indicating low price variability. This places First Trust at the lower end of the volatility range for ETF.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.2304 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of First Trust |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Among sector peers, First Trust's Mean Deviation of 0.2304 is below the 0.43 group average. The range runs from 0.1352 (Innovator Premium Income) to 0.7988 (Innovator ETFs Trust). First Trust 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 First Trust 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.
With Mean Deviation at
0.23 and Maximum Drawdown at
1.62 , First Trust shows a
7.05 -to-one ratio between these indicators. This indicates Maximum Drawdown substantially exceeds Mean Deviation for First Trust.
Methodology, Assumptions & Data Sources
First Trust's Mean Deviation currently stands at 0.2304. The Mean Deviation for First Trust applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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