Unknown Indicator
Mean Deviation In A Nutshell
A way to implement this tool is if you’re investing and want to ensure you equity or product is not getting to far from the mean. If you notice the product is increasing and is way past the deviation levels, this could be an indication you may want to look at taking products. This tool could work for intra day trading as well, giving you areas to watch and take action if the product gets too out of line.
Similar to standard deviation, this is a way to gauge how far a data point is from the mean or where is should be speaking in loose terms. The mean deviation is the mean of that data you are analyzing’s absolute deviations around the mean of your data, or the average distance from the mean. So, similar to standard deviation, it is telling you where the data should be and when to be alert that is has gone too far from the average or mean.
Closer Look at Mean Deviation
When using products such as this, it is important to fully understand what makes up the equation, that way you know how it works and can adjust it in the future. Sure, you may understand the data it puts out, but you may not know why it is what it is. That way, if a data point gets to far away, you can analyze why that is. Be sure to test this out on a demo account first, that way you understand how it functions and if it will be a good fit. If you ever have questions, reach out to an investing community and begin bouncing ideas off of others. That is the best way to learn how this is being used in the real financial world.
Other Indicators
All Technical Analysis
Use Investing Themes to Complement your positions
You can quickly originate your optimal portfoio using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Electronics Thematic Idea Now
Electronics
| View All Next | Launch |
Other Complementary Tools
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Stocks Directory Find actively traded stocks across global markets | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk |