Innovator ETFs Mean Deviation
| XTJA ETF | | | USD 33.37 0.23 0.69% |
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 Innovator ETFs's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
Innovator ETFs carries a Mean Deviation of 0.631, consistent with low price variability. This places Innovator ETFs at the lower end of the volatility range for ETF.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.631 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Innovator ETFs |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Innovator ETFs's Mean Deviation of 0.631 falls above the 0.37 peer average. Values range from 0.0772 (Innovator ETFs Trust) to 0.7522 (RH Tactical Rotation), with wide dispersion across the group. Innovator ETFs 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 Innovator ETFs 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.
Innovator ETFs's Maximum Drawdown of
3.44 runs about
5.45 times its Mean Deviation of
0.63 . This indicates Maximum Drawdown substantially exceeds Mean Deviation for Innovator ETFs.
Methodology, Assumptions & Data Sources
Innovator ETFs has a current Mean Deviation reading of 0.631. This Mean Deviation reading for Innovator ETFs results from applying the indicator's calculation rules to price and volume data over the selected window. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
Other Technical Indicators