Evolent Health Mean Deviation
| EVH Stock | | | USD 4.27 0.44 11.49% |
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 Evolent Health's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
At 4.21, Evolent Health's Mean Deviation indicates elevated price variability. This places Evolent Health toward the higher end of the volatility range for Health Care Technology.
Mean Deviation | = | SUM(RET DEV)N |
| = | 4.21 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Evolent Health |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
The peer group averages 3.48 for Mean Deviation, with Evolent Health at 4.21 falling above that level. Readings span 1.69 (HealthStream) to 7.34 (Replimune Group). Evolent Health 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 Evolent Health 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.
At
4.21 for Mean Deviation and
32.29 for Maximum Drawdown, Evolent Health's cross-indicator ratio sits almost
7.67 . This indicates Maximum Drawdown substantially exceeds Mean Deviation for Evolent Health.
Methodology, Assumptions & Data Sources
Evolent Health has a current Mean Deviation reading of 4.21. This Mean Deviation reading for Evolent Health results from applying the indicator's calculation rules to price and volume data over the selected window. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. Evolent Health operates in the health care sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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