Amundi Treasury Mean Deviation vs. Standard Deviation

U10C Etf   7.13  0.07  0.97%   
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Amundi Treasury Bond has current Mean Deviation of 0.6155. 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

 = 
0.6155
SUM = Summation notation
RET DEV = Sum of return deviations of Amundi Treasury
N = Number of calculation points for selected time horizon

Amundi Treasury Mean Deviation Peers Comparison

Amundi Mean Deviation Relative To Other Indicators

Amundi Treasury Bond is rated below average in mean deviation as compared to similar ETFs. It is currently under evaluation in standard deviation as compared to similar ETFs creating about  1.24  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Amundi Treasury Bond is roughly  1.24 
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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