OIL EQUIPMENT Mean Deviation

OEPIX Fund  USD 158.49  5.07  3.30%   
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 OIL EQUIPMENT's current Mean Deviation with peer comparisons and related risk metrics.

Current Mean Deviation Value

At 2.11, OIL EQUIPMENT's Mean Deviation indicates moderate price variability. This places OIL EQUIPMENT within the typical volatility range for Mutual Fund Funds.

Mean Deviation

 = 

SUM(RET DEV)

N

 = 
2.11
SUM = Summation notation
RET DEV = Sum of return deviations of OIL EQUIPMENT
N = Number of calculation points for selected time horizon

Mean Deviation Peers Comparison

OIL EQUIPMENT falls above the 0.32 peer average for Mean Deviation. Allianzgi Diversified Income leads at 0.9924 while Guidepath Conservative Income registers the lowest at 0.0268. OIL EQUIPMENT 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 Oil Equipment 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.
OIL EQUIPMENT's Maximum Drawdown of 12.65 runs about 5.99 times its Mean Deviation of 2.11 . This indicates Maximum Drawdown substantially exceeds Mean Deviation for OIL EQUIPMENT.
Compare OIL EQUIPMENT to Peers

Methodology, Assumptions & Data Sources

OIL EQUIPMENT's Mean Deviation currently stands at 2.11. Mean Deviation for OIL EQUIPMENT is derived by applying a defined formula to historical price observations, producing a time-series of comparable readings. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.

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