Global Industrial Mean Deviation
| GIC Stock | | | USD 33.82 0.06 0.18% |
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 Global Industrial's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
Global Industrial carries a Mean Deviation of 1.34, consistent with moderate price variability. This places Global Industrial within the typical volatility range for Trading Companies & Distributors.
Mean Deviation | = | SUM(RET DEV)N |
| = | 1.34 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Global Industrial |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Global Industrial's Mean Deviation of 1.34 falls below the 2.32 peer average. Values range from 1.51 (Global Ship Lease) to 3.43 (Ballard Power Systems), with moderate dispersion across the group. Global Industrial 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 Global Industrial 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.
With Mean Deviation at
1.34 and Maximum Drawdown at
10.05 , Global Industrial shows a
7.48 -to-one ratio between these indicators. This indicates Maximum Drawdown substantially exceeds Mean Deviation for Global Industrial.
Methodology, Assumptions & Data Sources
The current Mean Deviation for Global Industrial is 1.34. The Mean Deviation for Global Industrial applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. Global Industrial operates in the industrials sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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