Gabelli Equity Mean Deviation
| GAB Fund | | | USD 5.67 -0.08 -1.39% |
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 Gabelli Equity's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
A Mean Deviation of 0.9724 for Gabelli Equity signals low price variability. This places Gabelli Equity at the lower end of the volatility range for Fund Funds.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.9724 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Gabelli Equity |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
The peer group averages 0.8 for Mean Deviation, with Gabelli Equity at 0.9724 falling above that level. Readings span 0.5037 (Fidelity Advisor Large) to 1.07 (Royce Value Closed). Gabelli Equity 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 Gabelli Equity 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.
Gabelli Equity's Maximum Drawdown of
5.65 runs about
5.81 times its Mean Deviation of
0.97 . This indicates Maximum Drawdown substantially exceeds Mean Deviation for Gabelli Equity.
Methodology, Assumptions & Data Sources
Gabelli Equity has a current Mean Deviation reading of 0.9724. This Mean Deviation reading for Gabelli Equity results from applying the indicator's calculation rules to price and volume data over the selected window. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. 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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