ALPS/KOTAK INDIA Mean Deviation
| INDAX Fund | | | USD 14.34 0.02 0.14% |
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 ALPS/KOTAK INDIA's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
With Mean Deviation at 0.9492, ALPS/KOTAK INDIA shows low price variability. This places ALPS/KOTAK INDIA at the lower end of the volatility range for Mutual Fund Funds.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.9492 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of ALPS/KOTAK INDIA |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
The peer group averages 0.7 for Mean Deviation, with ALPS/KOTAK INDIA at 0.9492 falling above that level. Readings span 0.3304 (AIM ETF Products) to 1.15 (Congress SMID Growth). ALPS/KOTAK INDIA 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 Alpskotak India 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.
ALPS/KOTAK INDIA's Maximum Drawdown of
6.37 runs about
6.71 times its Mean Deviation of
0.95 . This indicates Maximum Drawdown substantially exceeds Mean Deviation for ALPS/KOTAK INDIA.
Methodology, Assumptions & Data Sources
ALPS/KOTAK INDIA has a current Mean Deviation reading of 0.9492. The Mean Deviation for ALPS/KOTAK INDIA is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. 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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