WORLD ENERGY Mean Deviation
| APWEX Fund | | | USD 23.34 -0.42 -1.77% |
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 WORLD ENERGY's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
At 0.8898, WORLD ENERGY's Mean Deviation indicates low price variability. This places WORLD ENERGY at the lower end of the volatility range for Mutual Fund Funds.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.8898 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of WORLD ENERGY |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
WORLD ENERGY falls above the 0.85 peer average for Mean Deviation. Prudential Jennison International leads at 1.59 while Fidelity New Markets registers the lowest at 0.2789. WORLD ENERGY 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 World Energy 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.
WORLD ENERGY's Maximum Drawdown of
5.54 runs about
6.22 times its Mean Deviation of
0.89 . This indicates Maximum Drawdown substantially exceeds Mean Deviation for WORLD ENERGY.
Methodology, Assumptions & Data Sources
WORLD ENERGY's Mean Deviation currently stands at 0.8898. The Mean Deviation for WORLD ENERGY 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. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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