Madison Pacific Mean Deviation
| MPC Stock | | | CAD 4.89 0.00 0.00% |
Reference data associated with the Mean Deviation technical indicator for Madison Pacific Properties. Certain instruments may report limited data depending on market coverage.
Madison Pacific Properties has current Mean Deviation of 0.4991. 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 |
| = | 0.4991 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Madison Pacific |
| N | = | Number of calculation points for selected time horizon |
Madison Pacific Mean Deviation Peers Comparison
Madison Mean Deviation Relative To Other Indicators
Madison Pacific Properties is rated
below average in mean deviation compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
14.28 in Maximum Drawdown for each unit of Mean Deviation. The spread between Maximum Drawdown and Mean Deviation for Madison Pacific Properties sits at
14.28 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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