Nova Measuring Mean Deviation 
NVMI  Israel Stock  ILS 9,347 118.00 1.28% 
Symbol 
Nova Measuring 
 =  1.42 
SUM  =  Summation notation 
RET DEV  =  Sum of return deviations of Nova Measuring 
N  =  Number of calculation points for selected time horizon 
Mean Deviation Comparison
Nova Measuring Instruments Ltd is considered to be number one stock in mean deviation category among related companies. It is currently under evaluation in maximum drawdown category among related companies reporting about 8.23 of Maximum Drawdown per Mean Deviation. The ratio of Maximum Drawdown to Mean Deviation for Nova Measuring Instruments Ltd is roughly 8.23
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  ...

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Nova Measuring Technical Signals
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Risk Adjusted Performance  0.0563  
Market Risk Adjusted Performance  0.3157  
Mean Deviation  1.42  
Semi Deviation  1.87  
Downside Deviation  2.47  
Coefficient Of Variation  1411.5  
Standard Deviation  2.1  
Variance  4.42  
Information Ratio  0.0642  
Jensen Alpha  0.137  
Total Risk Alpha  0.1269  
Sortino Ratio  0.0546  
Treynor Ratio  0.3057  
Maximum Drawdown  11.71  
Value At Risk  (2.94)  
Potential Upside  3.39  
Downside Variance  6.1  
Semi Variance  3.51  
Expected Short fall  (1.89)  
Skewness  (0.39)  
Kurtosis  2.23 
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