Alphabet Mean Deviation

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Alphabet Inc has current Mean Deviation of 0.6324. 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.
Alphabet 
Mean Deviation 
 = 
SUM(RET DEV) 
 = 
0.6324
SUM =   Summation notation
RET DEV =   Sum of return deviations of Alphabet
N =   Number of calculation points for selected time horizon

Mean Deviation Comparison

Alphabet Inc is rated below average in mean deviation category among related companies. It is currently under evaluation in maximum drawdown category among related companies reporting about  9.66  of Maximum Drawdown per Mean Deviation. The ratio of Maximum Drawdown to Mean Deviation for Alphabet Inc is roughly  9.66 
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 Alphabet to competition
Alphabet Inc., through its subsidiaries, offer online advertising services in the United States, the United Kingdom, and rest of the world. more
NameAlphabet Inc
Analyst Consensus
Macroaxis Advice
Bond Rating
InstrumentUSA Stock
ExchangeNASDAQ
ISINUS02079K1079
CurrencyUSD - US Dollar