Ashtead Group Mean Deviation
| ASHTF Stock | | | USD 70.01 0.00 0.00% |
The Mean Deviation lookup presents technical context for Ashtead Group plc and related instruments. Data availability can vary by region and feed;
Equity Screeners provides broader screening access. Ashtead Group has a market cap of 29.52 B, operating margin of 25.23%, ROE of 29.38%.
Trending Equities can help frame allocation decisions. The allocation includes a position in Ashtead Group plc 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 population.
Ashtead Group plc has current Mean Deviation of 2.08. 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 |
| = | 2.08 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Ashtead Group |
| N | = | Number of calculation points for selected time horizon |
Ashtead Group Mean Deviation Peers Comparison
Ashtead Mean Deviation Relative To Other Indicators
Ashtead Group plc ranks
fourth among pink sheets in mean deviation across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
7.86 Maximum Drawdown per unit of Mean Deviation. Ashtead Group plc carries a
7.86 x Maximum Drawdown-to-Mean Deviation ratio
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.
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.