Global Engine Mean Deviation
| GLE Stock | | | 0.57 0.02 4.35% |
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 Engine's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
Global Engine registers a Mean Deviation of 5.66, reflecting elevated price variability. This places Global Engine toward the higher end of the volatility range for IT Consulting & Other Services.
Mean Deviation | = | SUM(RET DEV)N |
| = | 5.66 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Global Engine |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Global Engine's Mean Deviation of 5.66 falls above the 3.45 peer average. Values range from 1.04 (Santech Holdings Limited) to 5.99 (CXApp Inc), with wide dispersion across the group. Global Engine 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 Global Engine 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
5.66 and Maximum Drawdown at
36.38 , Global Engine shows a
6.42 -to-one ratio between these indicators. This indicates Maximum Drawdown substantially exceeds Mean Deviation for Global Engine.
Methodology, Assumptions & Data Sources
Global Engine has a current Mean Deviation reading of 5.66. Global Engine'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. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. Global Engine operates in the information technology sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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