Preformed Line Skewness
| PLPC Stock | | | USD 351.17 22.37 6.80% |
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 Preformed Line's current Skewness with peer comparisons and related risk metrics.
Current Skewness Value
A Skewness of 0.1037 for Preformed Line signals near-symmetric return distribution. Preformed Line's positive and negative returns are roughly balanced in frequency and magnitude.
Skewness Peers Comparison
Among sector peers, Preformed Line's Skewness of 0.1037 is below the 0.22 group average. The range runs from -2.5645 (Barrett Business Services) to 1.53 (SFL Corporation).
Skewness Relative To Other Indicators
The chart below plots Skewness against Maximum Drawdown for Preformed Line 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.
With Skewness at
0.10 and Maximum Drawdown at
13.73 , Preformed Line shows a
132.39 -to-one ratio between these indicators. This indicates Maximum Drawdown substantially exceeds Skewness for Preformed Line.
Methodology, Assumptions & Data Sources
The current Skewness for Preformed Line is 0.1037. The Skewness for Preformed Line applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. Preformed Line operates in the industrials sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Values are specific to the selected time horizon and may differ across measurement periods. This indicator does not constitute investment advice.
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