CVS Health Mean Deviation

CVS Health Corporation has current Mean Deviation of 0.2833. 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.
CVS Health 
Mean Deviation 
 = 
SUM(RET DEV) 
 = 
0.2833
SUM =   Summation notation
RET DEV =   Sum of return deviations of CVS Health
N =   Number of calculation points for selected time horizon

Mean Deviation Comparison

CVS Health Corporation 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  5.82  of Maximum Drawdown per Mean Deviation. The ratio of Maximum Drawdown to Mean Deviation for CVS Health Corporation is roughly  5.82 
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 CVS Health to competition
CVS Health Corporationration, together with its subsidiaries, offer integrated pharmacy health care services. more
NameCVS Health Corporation
InstrumentUSA Stock
RegionNorth America
ExchangeNew York Stock Exchange
CIK Number00064803.0
ISINUS1266501006
CUSIP126650100
Analyst Consensus
Piotroski F Score
Macroaxis Advice
Bond Rating
BBB+Good
CurrencyUSD - US Dollar