India Closed Mean Deviation
| IFN Fund | | | USD 12.02 -0.01 -0.08% |
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 India Closed's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
India Closed carries a Mean Deviation of 1.09, consistent with moderate price variability. This places India Closed within the typical volatility range for Fund Funds.
Mean Deviation | = | SUM(RET DEV)N |
| = | 1.09 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of India Closed |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
India Closed's Mean Deviation of 1.09 falls above the 0.7 peer average. Values range from 0.4115 (Nuveen Municipal Credit) to 1.22 (Alger Capital Appreciation), with wide dispersion across the group. India Closed 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 India Closed 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.
India Closed shows nearly
5.20 of Maximum Drawdown per unit of Mean Deviation (
1.09 versus
5.65 ). This indicates Maximum Drawdown substantially exceeds Mean Deviation for India Closed.
Methodology, Assumptions & Data Sources
The current Mean Deviation for India Closed is 1.09. This Mean Deviation reading for India Closed results from applying the indicator's calculation rules to price and volume data over the selected window. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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