ETFS Wheat Mean Deviation

WEAT -- UK ETF  

USD 0.72  0.0045  0.63%

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ETFS Wheat ETC has current Mean Deviation of 1.48. The mean deviation of 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 destribution of returns.
ETFS Wheat 
Mean Deviation 
 = 
SUM(RET DEV) 
 = 
1.48
SUM =   Summation notation
RET DEV =   Sum of return deviations of ETFS Wheat
N =   Number of calculation points for selected time horizon

Mean Deviation Comparison

ETFS Wheat ETC cannot be rated in Mean Deviation category at this point. It cannot be rated in Maximum Drawdown category at this point. reporting about  3.35  of Maximum Drawdown per Mean Deviation. The ratio of Maximum Drawdown to Mean Deviation for ETFS Wheat ETC is roughly  3.35 
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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