Perrigo Company Mean Deviation

    PRGO -- Israel Stock  

    ILS 17,630  360.00  2.00%

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    Perrigo Company plc has current Mean Deviation of 1.92. The mean deviation of 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 destribution of returns.
    Perrigo Company 
    Mean Deviation 
     = 
    SUM(RET DEV) 
     = 
    1.92
    SUM =   Summation notation
    RET DEV =   Sum of return deviations of Perrigo Company
    N =   Number of calculation points for selected time horizon

    Mean Deviation Comparison

    Perrigo Company plc is regarded third in mean deviation category among related companies. It is regarded second in maximum drawdown category among related companies reporting about  8.24  of Maximum Drawdown per Mean Deviation. The ratio of Maximum Drawdown to Mean Deviation for Perrigo Company plc is roughly  8.24 
    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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