Putnam Equity Mean Deviation
| PEYAX Fund | | | USD 41.92 0.20 0.48% |
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 Putnam Equity's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
The Mean Deviation of 0.5864 for Putnam Equity indicates low price variability. This places Putnam Equity at the lower end of the volatility range for Mutual Fund Funds.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.5864 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Putnam Equity |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Putnam Equity's Mean Deviation of 0.5864 falls below the 0.74 peer average. Values range from 0.489 (Columbia Dividend Income) to 1.02 (New Economy Fund), with moderate dispersion across the group. Putnam Equity 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 Putnam Equity 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.
Putnam Equity's Maximum Drawdown of
3.17 runs about
5.40 times its Mean Deviation of
0.59 . This indicates Maximum Drawdown substantially exceeds Mean Deviation for Putnam Equity.
Methodology, Assumptions & Data Sources
Putnam Equity has a current Mean Deviation reading of 0.5864. The Mean Deviation for Putnam Equity 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. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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