Shimmick Common Mean Deviation
| SHIM Stock | | | 5.76 0.09 1.59% |
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 Shimmick Common's current Mean Deviation with peer comparisons and related risk metrics.
Current Mean Deviation Value
The Mean Deviation of 4.76 for Shimmick Common indicates elevated price variability. This places Shimmick Common toward the higher end of the volatility range for Construction & Engineering.
Mean Deviation | = | SUM(RET DEV)N |
| = | 4.76 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Shimmick Common |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Relative to peers, Shimmick Common's Mean Deviation is above the group average of 4.16. Peer readings range from 1.82 (CBAK Energy Technology) to 8.58 (Julong Holding Limited), reflecting wide dispersion across the sector. Shimmick Common 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 Shimmick Common 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.
Shimmick Common shows nearly
7.65 of Maximum Drawdown per unit of Mean Deviation (
4.76 versus
36.41 ). This indicates Maximum Drawdown substantially exceeds Mean Deviation for Shimmick Common.
Methodology, Assumptions & Data Sources
Shimmick Common's Mean Deviation currently stands at 4.76. The Mean Deviation for Shimmick Common applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. Shimmick Common operates in the industrials sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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