Abrdn Property Mean Deviation
| API Stock | | | 2.00 0.10 5.26% |
Reference data associated with the Mean Deviation technical indicator for abrdn Property Income. Values may reflect normalized price or volume observations.
abrdn Property Income has current Mean Deviation of 4.36. 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 |
| = | 4.36 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Abrdn Property |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Mean Deviation Relative To Other Indicators
abrdn Property Income leads all stocks for mean deviation relative to top peers. It is currently under evaluation for maximum drawdown relative to top peers with a Maximum Drawdown-to-Mean Deviation ratio near
8.18 . The Maximum Drawdown to Mean Deviation ratio for abrdn Property Income comes in at
8.18 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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