AlphaCentric Strategic Mean Deviation
| SIIIX Fund | | | USD 16.44 -0.12 -0.72% |
The Mean Deviation technical lookup provides context for Alphacentric Strategic Income and related instruments. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context.
World Market Map provides context for diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. This reflects a position in Alphacentric Strategic Income within the portfolio mix. 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 gross domestic product.
Alphacentric Strategic Income has current Mean Deviation of 0.2528. 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 |
| = | 0.2528 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of AlphaCentric Strategic |
| N | = | Number of calculation points for selected time horizon |
AlphaCentric Strategic Mean Deviation Peers Comparison
AlphaCentric Mean Deviation Relative To Other Indicators
Alphacentric Strategic Income is rated
below average in mean deviation among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
6.77 of Maximum Drawdown per Mean Deviation. At
6.77 , Alphacentric Strategic Income'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.
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