GLOBAL RESOURCES Mean Deviation
| PSPFX Fund | | | USD 6.53 -0.10 -1.51% |
Historical market data for Global Resources Fund forms the basis of the Mean Deviation indicator shown here. The calculation draws on time-series market data across available periods. Coverage may vary depending on data availability and normalization methods. Related indicator context is organized within
Equity Screeners. Portfolio design and allocation context appear in
Your Equity Center. Portfolio-level transparency adds depth to allocation analysis. This reflects a position in Global Resources Fund. It is distributed across the allocation. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as
signals in price.
Global Resources Fund has current Mean Deviation of 1.66. 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.
Mean Deviation | = | SUM(RET DEV)N |
| = | 1.66 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of GLOBAL RESOURCES |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Mean Deviation Relative To Other Indicators
Global Resources Fund ranks first in mean deviation among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
6.21 of Maximum Drawdown per Mean Deviation. At
6.21 , Global Resources Fund's Maximum Drawdown-to-Mean Deviation multiple reflects the spread between these metrics
Mean Deviation is the average of the absolute values of the differences between price distribution numbers and their mean. Mean deviation of equity instrument with a lot of historical data is a biased estimator because the time horizon used in calculation will always be much smaller than the entire price history of the equity. The mean deviation is typically used as a measure of dispersion for small investment horizon, otherwise standard deviation is a better measure of dispersion.
Compare GLOBAL RESOURCES to Peers
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