Gates Industrial Mean Deviation
| GTES Stock | | | USD 26.09 0.11 0.42% |
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 Gates Industrial's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
At 2.13, Gates Industrial's Mean Deviation indicates moderate price variability. This places Gates Industrial within the typical volatility range for Industrial Machinery & Supplies & Components.
Mean Deviation | = | SUM(RET DEV)N |
| = | 2.13 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Gates Industrial |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
The peer group averages 1.64 for Mean Deviation, with Gates Industrial at 2.13 falling above that level. Readings span 1.16 (Kirby) to 2.21 (SiteOne Landscape Supply). Gates Industrial 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 Gates 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.
Comparing Mean Deviation (
2.13 ) to Maximum Drawdown (
14.89 ) for Gates Industrial yields a
6.98 multiple. This indicates Maximum Drawdown substantially exceeds Mean Deviation for Gates Industrial.
Methodology, Assumptions & Data Sources
Gates Industrial has a current Mean Deviation reading of 2.13. The Mean Deviation for Gates Industrial applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. Gates 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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