PF Atlantic Mean Deviation vs. Standard Deviation

ATLA-DKK  DKK 1.89  0.01  0.53%   
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PF Atlantic Petroleum has current Mean Deviation of 2.49. 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

 = 
2.49
SUM = Summation notation
RET DEV = Sum of return deviations of PF Atlantic
N = Number of calculation points for selected time horizon

PF Atlantic Mean Deviation Peers Comparison

ATLA-DKK Mean Deviation Relative To Other Indicators

PF Atlantic Petroleum is rated second in mean deviation category among its peers. It is currently under evaluation in standard deviation category among its peers creating about  1.41  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for PF Atlantic Petroleum is roughly  1.41 
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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