Elastic NV Mean Deviation
| ESTC Stock | | | USD 50.07 -0.02 -0.04% |
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 Elastic NV's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
Elastic NV's Mean Deviation of 2.78 reflects moderate price variability. This places Elastic NV within the typical volatility range for Application Software.
Mean Deviation | = | SUM(RET DEV)N |
| = | 2.78 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Elastic NV |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Among sector peers, Elastic NV's Mean Deviation of 2.78 is above the 2.53 group average. The range runs from 1.97 (Open Text Corp) to 3.23 (MondayCom). Elastic NV 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 Elastic NV 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.
With Mean Deviation at
2.78 and Maximum Drawdown at
21.62 , Elastic NV shows a
7.78 -to-one ratio between these indicators. This indicates Maximum Drawdown substantially exceeds Mean Deviation for Elastic NV.
Methodology, Assumptions & Data Sources
Elastic NV has a current Mean Deviation reading of 2.78. The Mean Deviation for Elastic NV applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. Elastic NV operates in the information technology sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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