Abrdn Asia Mean Deviation
| FAP Stock | | | CAD 2.63 -0.01 -0.38% |
This module presents the Mean Deviation indicator for abrdn Asia Pacific using available market inputs. The indicator computation uses normalized market activity data. Abrdn Asia has a market cap of 97.66 M, operating margin of 84.72%, current ratio of 0.18. See
Investing Opportunities for portfolio-level analysis. Tracking abrdn Asia Pacific in a portfolio helps measure its contribution to overall performance. Allocation tools help determine appropriate position sizing. Broader economic conditions can influence abrdn Asia Pacific's company valuation — related indicators include
signals in state.
abrdn Asia Pacific has current Mean Deviation of 0.4256. 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 |
| = | 0.4256 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Abrdn Asia |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Mean Deviation Relative To Other Indicators
abrdn Asia Pacific is rated
below average in mean deviation compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
5.23 in Maximum Drawdown for each unit of Mean Deviation. The spread between Maximum Drawdown and Mean Deviation for abrdn Asia Pacific sits at
5.23 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 is typically 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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