Best Buy Mean Deviation

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Best Buy Co Inc has current Mean Deviation of 0.729. 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.
Best Buy 
Mean Deviation 
 = 
SUM(RET DEV) 
 = 
0.729
SUM =   Summation notation
RET DEV =   Sum of return deviations of Best Buy
N =   Number of calculation points for selected time horizon

Mean Deviation Comparison

Best Buy Co Inc is rated below average in mean deviation category among related companies. It is currently under evaluation in maximum drawdown category among related companies reporting about  4.27  of Maximum Drawdown per Mean Deviation. The ratio of Maximum Drawdown to Mean Deviation for Best Buy Co Inc is roughly  4.27 
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.
Compare Best Buy to competition
Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico. more
NameBest Buy Co Inc
InstrumentUSA Stock
RegionNorth America
ExchangeNew York Stock Exchange
CIK Number00764478.0
ISINUS0865161014
CUSIP086516101
Analyst Consensus
Piotroski F Score
Macroaxis Advice
Bond Rating
CurrencyUSD - US Dollar