Canadian Net Mean Deviation
| NET-UN Stock | | | 6.07 -0.16 -2.57% |
The Mean Deviation indicator for Canadian Net Real is derived from observed market data. The dataset is based on observed market activity where data is available. Some instruments may report limited inputs depending on trading history. Canadian Net has a market cap of 125.03 M, operating margin of 72.44%, ROE of 12.41%.
Correlation Analysis can help frame allocation decisions. The overview captures current portfolio composition. A position in Canadian Net Real appears within the mix. The position is captured in the allocation summary. The relative size of each holding follows the allocation framework. This overview is based on available data and does not express a directional view. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
Canadian Net Real has current Mean Deviation of 0.8973. 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 |
| = | 0.8973 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Canadian Net |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Mean Deviation Relative To Other Indicators
Canadian Net Real is rated
below average in mean deviation among leading competitors. It is currently under evaluation in maximum drawdown among leading competitors reporting about
7.46 of Maximum Drawdown per Mean Deviation. At
7.46 , Canadian Net Real's Maximum Drawdown-to-Mean Deviation multiple reflects the spread between these metrics
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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