ICON BOND Mean Deviation
| IOBAX Fund | | | USD 8.40 -0.01 -0.12% |
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 ICON BOND's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
The Mean Deviation of 0.1163 for ICON BOND indicates low price variability. This places ICON BOND at the lower end of the volatility range for Mutual Fund Funds.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.1163 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of ICON BOND |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
ICON BOND's Mean Deviation of 0.1163 falls below the 0.52 peer average. Values range from 0.0496 (Virtus Seix Government) to 1.29 (Victory Rs Small), with wide dispersion across the group. ICON BOND 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 Icon Bond 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.
ICON BOND's Maximum Drawdown of
0.60 runs about
5.20 times its Mean Deviation of
0.12 . This indicates Maximum Drawdown substantially exceeds Mean Deviation for ICON BOND.
Methodology, Assumptions & Data Sources
The current Mean Deviation for ICON BOND is 0.1163. Mean Deviation for ICON BOND is derived by applying a defined formula to historical price observations, producing a time-series of comparable readings. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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