AMERICAN BALANCED Skewness
| BALCX Fund | | | USD 39.89 0.49 1.24% |
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 AMERICAN BALANCED's current Skewness with peer comparisons and related risk metrics.
Current Skewness Value
AMERICAN BALANCED carries a Skewness of 0.1034, consistent with near-symmetric return distribution. AMERICAN BALANCED's positive and negative returns are roughly balanced in frequency and magnitude.
Skewness Peers Comparison
The peer group averages -0.26 for Skewness, with AMERICAN BALANCED at 0.1034 falling above that level. Readings span -0.7964 (Westcore Municipal Opportunities) to 0.4407 (Voya Corporate Leaders).
Skewness Relative To Other Indicators
The chart below plots Skewness against Maximum Drawdown for American Balanced 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.
AMERICAN BALANCED's Maximum Drawdown of
2.98 runs about
28.79 times its Skewness of
0.10 . This indicates Maximum Drawdown substantially exceeds Skewness for AMERICAN BALANCED.
Methodology, Assumptions & Data Sources
The current Skewness for AMERICAN BALANCED is 0.1034. AMERICAN BALANCED's Skewness is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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