Orthofix Medical Mean Deviation
| OFIX Stock | | | USD 11.65 -0.42 -3.48% |
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 Orthofix Medical's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
At 1.67, Orthofix Medical exhibits moderate price variability in Mean Deviation. This places Orthofix Medical within the typical volatility range for Health Care Equipment & Supplies.
Mean Deviation | = | SUM(RET DEV)N |
| = | 1.67 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Orthofix Medical |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Relative to peers, Orthofix Medical's Mean Deviation is below the group average of 3.25. Peer readings range from 2.14 (Varex Imaging Corp) to 4.54 (Butterfly Network), reflecting moderate dispersion across the sector. Orthofix Medical 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 Orthofix Medical 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.
Orthofix Medical's Maximum Drawdown of
8.55 runs about
5.13 times its Mean Deviation of
1.67 . This indicates Maximum Drawdown substantially exceeds Mean Deviation for Orthofix Medical.
Methodology, Assumptions & Data Sources
Orthofix Medical's Mean Deviation currently stands at 1.67. The Mean Deviation for Orthofix Medical is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. Orthofix Medical operates in the health care 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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