Fidelity Advisor Mean Deviation
| FHCIX Fund | | | USD 62.57 0.40 0.64% |
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 Fidelity Advisor's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
Fidelity Advisor registers a Mean Deviation of 0.9103, reflecting low price variability. This places Fidelity Advisor at the lower end of the volatility range for Fidelity Investments Funds.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.9103 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Fidelity Advisor |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Relative to peers, Fidelity Advisor's Mean Deviation is above the group average of 0.78. Peer readings range from 0.1501 (Vanguard Massachusetts Tax Exempt) to 1.08 (Fidelity Worldwide Fund), reflecting wide dispersion across the sector. Fidelity Advisor 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 Fidelity Advisor 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.
Fidelity Advisor's Maximum Drawdown of
5.28 runs about
5.80 times its Mean Deviation of
0.91 . This indicates Maximum Drawdown substantially exceeds Mean Deviation for Fidelity Advisor.
Methodology, Assumptions & Data Sources
Fidelity Advisor's Mean Deviation currently stands at 0.9103. Fidelity Advisor's Mean Deviation is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. Fidelity Advisor operates in the health 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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