Novatek Microelectronics Mean Deviation
Current Mean Deviation Value
At 1.53, Novatek Microelectronics's Mean Deviation indicates moderate price variability. This places Novatek Microelectronics within the typical volatility range for Stock.
Mean Deviation | = | SUM(RET DEV)N |
| = | 1.53 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Novatek Microelectronics |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
The peer group averages 3.34 for Mean Deviation, with Novatek Microelectronics at 1.53 falling below that level. Readings span 1.59 (Realtek Semiconductor Corp) to 4.04 (GlobalWafers Co). Novatek Microelectronics 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 Novatek Microelectronics 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.
Novatek Microelectronics produces
6.67 in Maximum Drawdown for each unit of Mean Deviation, with respective readings of
10.22 and
1.53 . This indicates Maximum Drawdown substantially exceeds Mean Deviation for Novatek Microelectronics.
Methodology, Assumptions & Data Sources
Novatek Microelectronics has a current Mean Deviation reading of 1.53. The Mean Deviation for Novatek Microelectronics applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. Values are specific to the selected time horizon and may differ across measurement periods. This indicator does not constitute investment advice.
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