Home Depot Mean Deviation

The Home Depot Inc -- USA Stock  

USD 159.97  0.78  0.49%

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The Home Depot Inc has current Mean Deviation of 0.6689. 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.
Home Depot 
Mean Deviation 
 = 
SUM(RET DEV) 
 = 
0.6689
SUM =   Summation notation
RET DEV =   Sum of return deviations of Home Depot
N =   Number of calculation points for selected time horizon

Mean Deviation Comparison

The Home Depot Inc is rated below average in mean deviation category among related companies. It is rated below average in maximum drawdown category among related companies reporting about  4.76  of Maximum Drawdown per Mean Deviation. The ratio of Maximum Drawdown to Mean Deviation for The Home Depot Inc is roughly  4.76 
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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The Home Depot, Inc. operates as a home improvement retailer. more
NameThe Home Depot Inc
Analyst Consensus
Piotroski F Score
Macroaxis Advice
Bond Rating
InstrumentUSA Stock Stocks Directory
RegionNorth America
ExchangeNew York Stock Exchange
CIK Number00354950.0
ISINUS4370761029
CUSIP437076102
CurrencyUSD - US Dollar