Bbq Holdings Story

Closer look at Bbq Holdings Mean Deviation

Bbq Holdings has current Mean Deviation of 2.86. 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 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.

Mean Deviation   =  SUM(RET DEV)  N

=

2.86

SUM	=	Summation notation
RET DEV	=	Sum of return deviations of Bbq Holdings
N	=	Number of calculation points for selected time horizon

Let's now compare Bbq Holdings Mean Deviation to its closest peers:

	BBQ	2.86
	BH	2.36
	BDL	1.96
	BFI	2.67

Our perspective of the recent Bbq Holdings roll up

Sortino ratio is down to 0.16. It may hint at a possible volatility decline. Bbq Holdings shows above-average downside volatility for the selected time horizon. We advise investors to inspect Bbq Holdings further and ensure that all market timing and asset allocation strategies are consistent with the estimation of Bbq Holdings future alpha. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Bbq Holdings' stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Bbq Holdings' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

The Bottom Line

Although some other companies within the restaurants industry are still a little expensive, even after the recent corrections, Bbq Holdings may offer a potential longer-term growth to insiders. All things considered, as of the 2nd of April 2021, our ongoing 30 days buy vs. sell advice on the firm is Cautious Hold. We believe Bbq Holdings is currently fairly valued with below average chance of distress for the next two years.