Harbor Corporate Mean Deviation
| HAPI Etf | | | USD 40.62 0.38 0.94% |
Reference data associated with the Mean Deviation technical indicator for Harbor Corporate Culture. Values may reflect normalized price or volume observations.
Harbor Corporate Culture has current Mean Deviation of 0.5827. 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 |
| = | 0.5827 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Harbor Corporate |
| N | = | Number of calculation points for selected time horizon |
Harbor Corporate Mean Deviation Peers Comparison
Harbor Mean Deviation Relative To Other Indicators
Harbor Corporate Culture places
fifth for mean deviation across ETF peers. It is currently under evaluation for maximum drawdown across ETF peers recording roughly
5.89 in Maximum Drawdown for every unit of Mean Deviation. Maximum Drawdown outpaces Mean Deviation by
5.89 times for Harbor Corporate Culture
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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