|BIBCL -- India Stock|| |
INR 20.40 1.55 8.22%
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Bharat Immunologicals Biologicals Corp Ltd has current Skewness of 0.5637. 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.
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Bharat Immunologicals Biologicals Corp Ltd is rated fifth
in skewness category among related companies. It is currently under evaluation in maximum drawdown category among related companies reporting about 7.99
of Maximum Drawdown per Skewness. The ratio of Maximum Drawdown to Skewness for Bharat Immunologicals Biologicals Corp Ltd is roughly 7.99
Skewness risk is the risk that a model assumes a normal distribution of instrument returns when in fact the returns is 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.