Ecora Resources Mean Deviation
| ECOR Stock | | | 2.37 0.05 2.16% |
Observed values used to calculate the Mean Deviation technical indicator for Ecora Resources plc. Technical inputs may vary across markets and data providers.
Ecora Resources plc has current Mean Deviation of 2.57. 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 |
| = | 2.57 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Ecora Resources |
| N | = | Number of calculation points for selected time horizon |
Ecora Resources Mean Deviation Peers Comparison
Ecora Mean Deviation Relative To Other Indicators
Ecora Resources plc is rated
below average in mean deviation compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
11.69 in Maximum Drawdown for each unit of Mean Deviation. The spread between Maximum Drawdown and Mean Deviation for Ecora Resources plc sits at
11.69 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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