SPASX 300 Skewness

AXMEKD Index   2,356  47.86  1.99%   
SPASX 300 skewness technical analysis lookup allows you to check this and other technical indicators for SPASX 300 Media 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 Equity Screeners to view more equity screening tools
SPASX 300 Media has current Skewness of (0.31). 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.

Skewness

 = 

3PM

STD3

 = 
(0.31)
3PM = Third upper moment
STD =   Standard Deviation of SPASX 300

SPASX 300 Skewness Peers Comparison

SPASX Skewness Relative To Other Indicators

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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