Ardelyx Skewness
| ARDX Stock | | | USD 6.98 -0.12 -1.69% |
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. Below is Ardelyx's current Skewness with peer comparisons and related risk metrics.
Current Skewness Value
A Skewness of 0.1209 for Ardelyx signals near-symmetric return distribution. Ardelyx's positive and negative returns are roughly balanced in frequency and magnitude.
Skewness Peers Comparison
Among sector peers, Ardelyx's Skewness of 0.1209 is above the -1.05 group average. The range runs from -5.1389 (Wave Life Sciences) to 1.89 (Spyre Therapeutics).
Skewness Relative To Other Indicators
The chart below plots Skewness against Maximum Drawdown for Ardelyx and its peers. Each point represents one equity — position along the horizontal axis shows Skewness while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
Ardelyx's Maximum Drawdown of
19.80 runs about
163.78 times its Skewness of
0.12 . This indicates Maximum Drawdown substantially exceeds Skewness for Ardelyx.
Methodology, Assumptions & Data Sources
Ardelyx's Skewness currently stands at 0.1209. This Skewness reading for Ardelyx results from applying the indicator's calculation rules to price and volume data over the selected window. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
Other Technical Indicators