Puma Biotechnology Mean Deviation
| PBYI Stock | | | USD 6.13 0.01 0.16% |
The Mean Deviation profile for Puma Biotechnology is based on historical price and volume observations. Related screening structures are referenced through
Equity Screeners. Puma Biotechnology has a market cap of 311.36 M, operating margin of 22.67%, ROE of 27.97%. Portfolio-level context is available through
Your Equity Center. A position in Puma Biotechnology is indicated here. Position weights are derived from the portfolio construction methodology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in private.
For information on how to trade Puma Stock refer to our
How to Invest in Puma Biotechnology guide.
Puma Biotechnology has current Mean Deviation of 2.59. 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 |
| = | 2.59 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Puma Biotechnology |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Mean Deviation Relative To Other Indicators
Puma Biotechnology is rated
below average for mean deviation among direct rivals. It is currently under evaluation for maximum drawdown among direct rivals recording roughly
11.73 in Maximum Drawdown for every unit of Mean Deviation. Maximum Drawdown outpaces Mean Deviation by
11.73 times for Puma Biotechnology
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 is typically 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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