69354NAD8 Mean Deviation vs. Downside Deviation

69354NAD8   80.36  1.21  1.48%   
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US69354NAD84 has current Mean Deviation of 1.41. 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(RET DEV)

N

 = 
1.41
SUM = Summation notation
RET DEV = Sum of return deviations of 69354NAD8
N = Number of calculation points for selected time horizon

69354NAD8 Mean Deviation Peers Comparison

69354NAD8 Mean Deviation Relative To Other Indicators

US69354NAD84 cannot be rated in Mean Deviation category at this point. It cannot be rated in Downside Deviation category at this point. creating about  3.40  of Downside Deviation per Mean Deviation. The ratio of Downside Deviation to Mean Deviation for US69354NAD84 is roughly  3.40 
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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