Renew Energy Mean Deviation
| RNW Stock | | | USD 5.62 0.22 4.07% |
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 Renew Energy's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
At 1.44, Renew Energy's Mean Deviation indicates moderate price variability. This places Renew Energy within the typical volatility range for Electric Utilities.
Mean Deviation | = | SUM(RET DEV)N |
| = | 1.44 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Renew Energy |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
The peer group averages 1.8 for Mean Deviation, with Renew Energy at 1.44 falling below that level. Readings span 0.9729 (Chesapeake Utilities) to 4.65 (Fluence Energy). Renew Energy 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 Renew Energy 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.
Renew Energy produces
5.93 in Maximum Drawdown for each unit of Mean Deviation, with respective readings of
8.53 and
1.44 . This indicates Maximum Drawdown substantially exceeds Mean Deviation for Renew Energy.
Methodology, Assumptions & Data Sources
Renew Energy's Mean Deviation currently stands at 1.44. Renew Energy's Mean Deviation is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. Renew Energy operates in the utilities sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. The output reflects the selected calculation window — changing the horizon will produce different readings. This stock metric is provided for analytical reference.
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