AAM SELECT Mean Deviation
| CPUIX Fund | | | USD 9.24 0.02 0.22% |
Observed values used to calculate the Mean Deviation technical indicator for Aam Select Income. Some instruments may provide partial coverage depending on trading history.
Aam Select Income has current Mean Deviation of 0.1684. 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 |
| = | 0.1684 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of AAM SELECT |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Mean Deviation Relative To Other Indicators
Aam Select Income is rated
below average in mean deviation among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
7.01 of Maximum Drawdown per Mean Deviation. At
7.01 , Aam Select Income's Maximum Drawdown-to-Mean Deviation multiple reflects the spread between these metrics
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.
Compare AAM SELECT to Peers
Other Technical Indicators