Sprint Mean Deviation

    The Macroaxis Technical Indicators lookup allows users to check a given indicator for any equity or select from a set of available indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also Equity Screeners to view more equity screening tools
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    Sprint Corporation has current Mean Deviation of 0.0. 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.
    Sprint 
    Mean Deviation 
     = 
    SUM(RET DEV) 
     = 
    0.0
    SUM =   Summation notation
    RET DEV =   Sum of return deviations of Sprint
    N =   Number of calculation points for selected time horizon

    Mean Deviation Comparison

    Sprint Corporation is rated below average in mean deviation category among related companies. It is rated fifth in maximum drawdown category among related companies .
    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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