Wallbridge Mining Mean Deviation
| WM Stock | | | CAD 0.09 -0.01 -10.00% |
The Mean Deviation lookup presents technical context for Wallbridge Mining and related instruments. Data availability can vary by region and feed;
Equity Screeners provides broader screening access. Wallbridge Mining has market cap of 109.81 M, ROE of -3.76%.
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Wallbridge Mining has current Mean Deviation of 3.81. 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 |
| = | 3.81 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Wallbridge Mining |
| N | = | Number of calculation points for selected time horizon |
Wallbridge Mining Mean Deviation Peers Comparison
Wallbridge Mean Deviation Relative To Other Indicators
Wallbridge Mining is rated
below average. in mean deviation category among its top compatitors. It is currently under evaluation. in maximum drawdown category among its top compatitors reporting about
8.45 of Maximum Drawdown per Mean Deviation. The ratio of Maximum Drawdown to Mean Deviation for Wallbridge Mining is roughly
8.45 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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