Agora Mean Deviation
| API Stock | | | USD 3.50 -0.06 -1.69% |
The Mean Deviation reading for Agora Inc is computed from historical trading observations. Each data point is derived from standardized price and volume feeds. Indicator reliability depends on the continuity of available trading data. Agora has a market cap of 336.84 M, operating margin of -2.57%, ROE of 1.68%. For allocation context, review
Trending Equities. Portfolio positioning is summarized for reference. Allocation figures are based on reported position values. A position in Agora Inc is part of the allocation. It is reflected in the overall portfolio structure. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
Agora Inc has current Mean Deviation of 2.12. 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 |
| = | 2.12 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Agora |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Mean Deviation Relative To Other Indicators
Agora Inc is rated
below average for mean deviation among direct rivals. It is currently under evaluation for maximum drawdown among direct rivals recording roughly
7.25 in Maximum Drawdown for every unit of Mean Deviation. Maximum Drawdown outpaces Mean Deviation by
7.25 times for Agora Inc
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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