| 0KTI Stock | | | 60.00 0.22 0.37% |
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Enbridge has current Mean Deviation of 0.7753. 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 |
| = | 0.7753 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of Enbridge |
| N | = | Number of calculation points for selected time horizon |
Enbridge Mean Deviation Peers Comparison
Enbridge Mean Deviation Relative To Other Indicators
Enbridge is rated
third in mean deviation category among its peers. It is rated
second in coefficient of variation category among its peers making about
350.62 of Coefficient Of Variation per Mean Deviation. The ratio of Coefficient Of Variation to Mean Deviation for Enbridge is roughly
350.62 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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