Agilent Technologies Mean Deviation

A Stock  USD 133.16  1.05  0.79%   
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Agilent Technologies has current Mean Deviation of 1.25. 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




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

Agilent Technologies Mean Deviation Peers Comparison

Agilent Mean Deviation Relative To Other Indicators

Agilent Technologies is rated fifth in mean deviation category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about  10.89  of Maximum Drawdown per Mean Deviation. The ratio of Maximum Drawdown to Mean Deviation for Agilent Technologies is roughly  10.89 
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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