Nuveen Small Mean Deviation
| FSCAX Fund | | | USD 32.38 -0.16 -0.49% |
Nuveen Small mean deviation lookup summarizes this and related technical indicators for Nuveen Small Cap. Coverage varies by data normalization and availability; see
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Investing Opportunities to better understand diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. This includes a position in Nuveen Small Cap within the portfolio mix. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as
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Nuveen Small Cap has current Mean Deviation of 0.7431. 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 |
| = | 0.7431 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Nuveen Small |
| N | = | Number of calculation points for selected time horizon |
Nuveen Small Mean Deviation Peers Comparison
Nuveen Mean Deviation Relative To Other Indicators
Nuveen Small Cap is rated
below average. in mean deviation among similar funds. It is currently under evaluation. in maximum drawdown among similar funds reporting about
6.70 of Maximum Drawdown per Mean Deviation. The ratio of Maximum Drawdown to Mean Deviation for Nuveen Small Cap is roughly
6.70 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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