Air Canada Mean Deviation
| AC Stock | | | CAD 17.61 0.15 0.86% |
The Mean Deviation lookup presents technical context for Air Canada and related instruments. Data availability can vary by region and feed;
Equity Screeners provides broader screening access. Air Canada has a market cap of 5.22 B, operating margin of 3.03%, ROE of 25.87%.
Trending Equities can help frame allocation decisions. The allocation includes a position in Air Canada inside the allocation mix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Air Canada has current Mean Deviation of 1.59. 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 |
| = | 1.59 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Air Canada |
| N | = | Number of calculation points for selected time horizon |
Air Canada Mean Deviation Peers Comparison
Air Mean Deviation Relative To Other Indicators
Air Canada is rated
fifth among stocks in mean deviation category among its top competitors. It is currently under evaluation. in maximum drawdown category among its top competitors reporting about
7.72 of Maximum Drawdown per Mean Deviation. The ratio of Maximum Drawdown to Mean Deviation for Air Canada is roughly
7.72 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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