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
Explore Investing Opportunities
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?
Run Transaction History Now
Transaction HistoryView history of all your transactions and understand their impact on performance |
All Next | Launch Module |
Other Complementary Tools
Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
Performance Analysis Check effects of mean-variance optimization against your current asset allocation |