First America Mean Deviation
| FSTJ Stock | | | USD 0.31 -0.18 -36.73% |
The Mean Deviation lookup presents technical context for First America Resources and related instruments. Data availability can vary by region and feed;
Equity Screeners provides broader screening access. First America has a market cap of 1.75 M.
Investing Opportunities can help frame allocation decisions. The allocation includes a position in First America Resources inside the allocation 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 population.
First America Resources has current Mean Deviation of 12.29. 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 |
| = | 12.29 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of First America |
| N | = | Number of calculation points for selected time horizon |
First America Mean Deviation Peers Comparison
First Mean Deviation Relative To Other Indicators
First America Resources is positioned
second relative to peers in the mean deviation category versus peers. It is currently under evaluation in the maximum drawdown category versus peers showing
33.68 of Maximum Drawdown relative to Mean Deviation. For First America Resources, Maximum Drawdown measures
33.68 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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