Equity Screeners to view more equity screening toolsMacys Inc has current Skewness of 0.2349. 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. The Macroaxis Technical Indicators lookup allows users to check a given indicator for any equity or select from a set of available 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
|3PM||=||Third upper moment|
|STD||=||Standard Deviation of Macys|
Macys Inc is rated below average in skewness category among related companies. It is regarded third in maximum drawdown category among related companies reporting about 25.59 of Maximum Drawdown per Skewness. The ratio of Maximum Drawdown to Skewness for Macys Inc is roughly 25.59
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.
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