Zurn Elkay Skewness
| ZWS Stock | | | USD 52.47 -0.29 -0.55% |
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 Zurn Elkay's current Skewness with peer comparisons and related risk metrics.
Current Skewness Value
Zurn Elkay carries a Skewness of 2.14, consistent with strong positive skew — the return distribution has a substantially heavier right tail. Zurn Elkay's returns show large upside outliers that exceed any downside moves in magnitude.
Skewness Peers Comparison
Relative to peers, Zurn Elkay's Skewness is above the group average of -0.2. Peer readings range from -1.382 (Parsons Corp) to 1.33 (Valmont Industries), reflecting tight clustering across the sector. Zurn Elkay's positive skew relative to peers indicates a higher frequency of large upside moves.
Skewness Relative To Other Indicators
The chart below plots Skewness against Maximum Drawdown for Zurn Elkay 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.
Comparing Skewness (
2.14 ) to Maximum Drawdown (
13.98 ) for Zurn Elkay yields a
6.54 multiple. This indicates Maximum Drawdown substantially exceeds Skewness for Zurn Elkay.
Methodology, Assumptions & Data Sources
Zurn Elkay has a current Skewness reading of 2.14. The Skewness for Zurn Elkay is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. Zurn Elkay operates in the industrials sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. The output reflects the selected calculation window — changing the horizon will produce different readings. This stock metric is provided for analytical reference.
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