EDP Renovaveis Mean Deviation
| EDPR Stock | | | EUR 13.42 0.43 3.31% |
The Mean Deviation lookup presents technical context for EDP Renovaveis and related instruments. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context. EDP Renovaveis has a market cap of 19.2 B, operating margin of 36.48%, ROE of 11.43%.
Investing Opportunities can help frame allocation decisions. The allocation includes a position in EDP Renovaveis within the portfolio 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 inflation.
EDP Renovaveis has current Mean Deviation of 1.25. 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 |
| = | 1.25 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of EDP Renovaveis |
| N | = | Number of calculation points for selected time horizon |
EDP Renovaveis Mean Deviation Peers Comparison
EDP Mean Deviation Relative To Other Indicators
EDP Renovaveis maintains a
third standing in mean deviation relative to competitors. It is currently under evaluation in maximum drawdown relative to competitors yielding
9.15 of Maximum Drawdown per Mean Deviation. For EDP Renovaveis, Maximum Drawdown stands at
9.15 times Mean Deviation
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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