Global Partners Mean Deviation
| GLP Stock | | | USD 48.75 1.00 2.09% |
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 Partners's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
At 1.29, Global Partners's Mean Deviation indicates moderate price variability. This places Global Partners within the typical volatility range for Oil & Gas Storage & Transportation.
Mean Deviation | = | SUM(RET DEV)N |
| = | 1.29 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Global Partners |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
The peer group averages 2.03 for Mean Deviation, with Global Partners at 1.29 falling below that level. Readings span 1.26 (World Kinect) to 3.52 (Nextdecade Corp). Global Partners 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 Partners 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.
Global Partners's Mean Deviation reads
1.29 while Maximum Drawdown reads
8.19 , a
6.34 ratio between the two. This indicates Maximum Drawdown substantially exceeds Mean Deviation for Global Partners.
Methodology, Assumptions & Data Sources
The current Mean Deviation for Global Partners is 1.29. Global Partners' Mean Deviation is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. Global Partners operates in the energy 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.
Other Technical Indicators