Morningstar Municipal Mean Deviation
| MSTPX Fund | | | USD 9.96 0.01 0.10% |
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 Morningstar Municipal's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
With Mean Deviation at 0.0993, Morningstar Municipal shows low price variability. This places Morningstar Municipal at the lower end of the volatility range for Morningstar Funds.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.0993 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Morningstar Municipal |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
The peer group averages 0.41 for Mean Deviation, with Morningstar Municipal at 0.0993 falling below that level. Readings span 0.1005 (Morningstar Defensive Bond) to 0.8756 (Morningstar International Equity). Morningstar Municipal 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 Morningstar Municipal 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.
Morningstar Municipal's Maximum Drawdown of
0.71 runs about
7.12 times its Mean Deviation of
0.10 . This indicates Maximum Drawdown substantially exceeds Mean Deviation for Morningstar Municipal.
Methodology, Assumptions & Data Sources
Morningstar Municipal has a current Mean Deviation reading of 0.0993. The Mean Deviation for Morningstar Municipal is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. Morningstar Municipal operates in the muni national interm sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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