UBSFund Solutions Mean Deviation

CBSEU Etf  EUR 12.89  0.07  0.55%   
UBSFund Solutions mean-deviation technical analysis lookup allows you to check this and other technical indicators for UBSFund Solutions Bloomberg or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also Equity Screeners to view more equity screening tools
  
UBSFund Solutions Bloomberg has current Mean Deviation of 0.5455. 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.

Mean Deviation

 = 

SUM(RET DEV)

N

 = 
0.5455
SUM = Summation notation
RET DEV = Sum of return deviations of UBSFund Solutions
N = Number of calculation points for selected time horizon

UBSFund Solutions Mean Deviation Peers Comparison

UBSFund Mean Deviation Relative To Other Indicators

UBSFund Solutions Bloomberg is third largest ETF in mean deviation as compared to similar ETFs. It is currently under evaluation in maximum drawdown as compared to similar ETFs reporting about  25.09  of Maximum Drawdown per Mean Deviation. The ratio of Maximum Drawdown to Mean Deviation for UBSFund Solutions Bloomberg is roughly  25.09 
Mean Deviation is the average of the absolute values of the differences between price distribution numbers and their mean. Mean deviation of equity instrument with a lot of historical data is a biased estimator because the time horizon used in calculation will always be much smaller than the entire price history of the equity. The mean deviation is typically used as a measure of dispersion for small investment horizon, otherwise standard deviation is a better measure of dispersion.
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