Gabelli Convertible Mean Deviation
| GCV Fund | | | USD 4.53 -0.04 -0.88% |
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 Convertible's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
With Mean Deviation at 0.8423, Gabelli Convertible shows low price variability. This places Gabelli Convertible at the lower end of the volatility range for Fund Funds.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.8423 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Gabelli Convertible |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Gabelli Convertible falls above the 0.64 peer average for Mean Deviation. Hennessy Large Cap leads at 1.09 while Aberdeen Global High registers the lowest at 0.1807. Gabelli Convertible 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 Convertible 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 Convertible produces
7.39 in Maximum Drawdown for each unit of Mean Deviation, with respective readings of
6.23 and
0.84 . This indicates Maximum Drawdown substantially exceeds Mean Deviation for Gabelli Convertible.
Methodology, Assumptions & Data Sources
Gabelli Convertible has a current Mean Deviation reading of 0.8423. Mean Deviation for Gabelli Convertible is derived by applying a defined formula to historical price observations, producing a time-series of comparable readings. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. Values are specific to the selected time horizon and may differ across measurement periods. This indicator does not constitute investment advice.
Other Technical Indicators