Apple Mean Deviation

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Apple Inc has current Mean Deviation of 0.4128. The mean deviation of 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 destribution of returns.
Apple 
Mean Deviation 
 = 
SUM(RET DEV) 
 = 
0.4128
SUM =   Summation notation
RET DEV =   Sum of return deviations of Apple
N =   Number of calculation points for selected time horizon

Mean Deviation Comparison

Apple Inc is rated below average in mean deviation category among related companies. It is rated fourth in maximum drawdown category among related companies reporting about  4.50  of Maximum Drawdown per Mean Deviation. The ratio of Maximum Drawdown to Mean Deviation for Apple Inc is roughly  4.50 
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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Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players to consumers, small and midsized businesses, and education, enterprise, and government customers worldwide. more
NameApple Inc
InstrumentUSA Stock
RegionNorth America
ExchangeNASDAQ
CIK Number00320193.0
ISINUS0378331005
CUSIP037833100,378331003
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