Putnam Convertible Mean Deviation
| PRCCX Fund | | | USD 31.40 0.45 1.45% |
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 Convertible's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
A Mean Deviation of 0.9028 for Putnam Convertible signals low price variability. This places Putnam Convertible at the lower end of the volatility range for Mutual Fund Funds.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.9028 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Putnam Convertible |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Putnam Convertible falls below the 1.06 peer average for Mean Deviation. Hood River Small Cap leads at 1.59 while Omni Small Cap Value registers the lowest at 0.8239. Putnam Convertible 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 Convertible 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 Convertible's Maximum Drawdown of
5.46 runs about
6.05 times its Mean Deviation of
0.90 . This indicates Maximum Drawdown substantially exceeds Mean Deviation for Putnam Convertible.
Methodology, Assumptions & Data Sources
Putnam Convertible's Mean Deviation currently stands at 0.9028. This Mean Deviation reading for Putnam Convertible results from applying the indicator's calculation rules to price and volume data over the selected window. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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