| OGDC Stock | | | 192.82 1.87 0.96% |
Oil skewness technical analysis lookup allows you to check this and other technical indicators for Oil and Gas or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also
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Oil and Gas has current Skewness of 0.958. 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.
Oil Skewness Peers Comparison
Oil Skewness Relative To Other Indicators
Oil and Gas is rated
below average in skewness category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
10.45 of Maximum Drawdown per Skewness. The ratio of Maximum Drawdown to Skewness for Oil and Gas is roughly
10.45 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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