Bharat Immunologicals Mean Deviation

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Bharat Immunologicals Biologicals Corp Ltd has current Mean Deviation of 1.56. The mean deviation of 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 destribution of returns.
Bharat Immunologicals 
Mean Deviation 
 = 
SUM(RET DEV) 
 = 
1.56
SUM =   Summation notation
RET DEV =   Sum of return deviations of Bharat Immunologicals
N =   Number of calculation points for selected time horizon

Mean Deviation Comparison

Bharat Immunologicals Biologicals Corp Ltd is number one stock in mean deviation category among related companies. It is currently under evaluation in maximum drawdown category among related companies reporting about  4.84  of Maximum Drawdown per Mean Deviation. The ratio of Maximum Drawdown to Mean Deviation for Bharat Immunologicals Biologicals Corp Ltd is roughly  4.84 
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 Bharat Immunologicals to competition
Bharat Immunologicals Biologicals Corporation Limited, a biotechnology company, manufactures and markets a range of pharmaceuticals solutions in India. more
NameBharat Immunologicals Biologicals Corp Ltd
Macroaxis Advice
InstrumentIndia Stock
ExchangeBombay Stock Exchange