Coloplast Skewness

CLPBY Stock  USD 7.14  -0.01  -0.14%   
Coloplast skewness lookup summarizes this and related technical indicators for Coloplast A. Data availability can vary by region and feed; Equity Screeners provides broader screening access. Use Trending Equities to better understand diversified portfolio construction. Broader allocation clarity strengthens diversification analysis. This includes a position in Coloplast A inside the allocation mix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
  
Coloplast A has current Skewness of -1.16. Skewness describes asymmetry of returns from the normal distribution. It can come in the form of negative skewness or positive skewness, depending on whether data points are skewed to the left (negative skew) or to the right (positive skew) of the data average.

Skewness

 = 

3PM

STD3

 = 
-1.16
3PM = Third upper moment
STD =   Standard Deviation of Coloplast

Coloplast Skewness Peers Comparison

Coloplast Skewness Relative To Other Indicators

Coloplast A is rated below average. in skewness category among its top compatitors. It is currently under evaluation. in maximum drawdown category among its top compatitors .
Skewness risk is the risk that a model assumes a normal distribution of instrument returns when in fact the returns are skewed to the left or right of the mean. A positive skew indicates that the tail on the right side is longer than the left side and the bulk of the values lie to the left of the mean. A zero value indicates that the values are relatively evenly distributed on both sides of the mean, typically (but not necessarily), implying a symmetric distribution.
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