Evertz Technologies Mean Deviation
| ET Stock | | | CAD 16.30 0.18 1.12% |
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 Evertz Technologies's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
With Mean Deviation at 0.8327, Evertz Technologies shows low price variability. This places Evertz Technologies at the lower end of the volatility range for Communications Equipment.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.8327 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Evertz Technologies |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
The peer group averages 3.01 for Mean Deviation, with Evertz Technologies at 0.8327 falling below that level. Readings span 0.9575 (Vecima Networks) to 6.41 (Novra Technologies). Evertz Technologies 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 Evertz Technologies 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.
Evertz Technologies shows nearly
6.57 of Maximum Drawdown per unit of Mean Deviation (
0.83 versus
5.47 ). This indicates Maximum Drawdown substantially exceeds Mean Deviation for Evertz Technologies.
Methodology, Assumptions & Data Sources
Evertz Technologies has a current Mean Deviation reading of 0.8327. Mean Deviation for Evertz Technologies is derived by applying a defined formula to historical price observations, producing a time-series of comparable readings. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. Evertz Technologies operates in the information technology sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
Other Technical Indicators