Franklin High Mean Deviation
| FHYIX Fund | | | USD 9.10 0.02 0.22% |
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 Franklin High's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
With Mean Deviation at 0.1556, Franklin High shows low price variability. This places Franklin High at the lower end of the volatility range for Franklin Templeton Investments Funds.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.1556 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Franklin High |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
The peer group averages 0.47 for Mean Deviation, with Franklin High at 0.1556 falling below that level. Readings span 0.1613 (Franklin High Yield) to 1.59 (Prudential Jennison International). Franklin High 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 Franklin High 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.
Franklin High's Maximum Drawdown of
1.21 runs about
7.80 times its Mean Deviation of
0.16 . This indicates Maximum Drawdown substantially exceeds Mean Deviation for Franklin High.
Methodology, Assumptions & Data Sources
Franklin High has a current Mean Deviation reading of 0.1556. The Mean Deviation for Franklin High is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. Franklin High operates in the high yield muni sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. The output reflects the selected calculation window — changing the horizon will produce different readings. This fund metric is provided for analytical reference.
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