Panaxia Labs Kurtosis

HROD Stock   5,252  499.00  10.50%   
Panaxia Labs kurtosis technical analysis lookup allows you to check this and other technical indicators for Panaxia Labs Israel 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
  
Panaxia Labs Israel has current Kurtosis of 0.5431. Kurtosis is a measure of the return distribution. In a similar way to the concept of skewness, kurtosis is a descriptor of the shape of a return distribution. There are various interpretations of kurtosis, and of how particular measures should be interpreted; these are primarily peakedness (width of peak), tail weight, and lack of shoulders (distribution primarily peak and tails, not in between).

Kurtosis

 = 

4PM

STD4

 = 
0.5431
4PM = Forth upper moment
STD =   Standard Deviation of Panaxia Labs

Panaxia Labs Kurtosis Peers Comparison

Panaxia Kurtosis Relative To Other Indicators

Panaxia Labs Israel is rated below average in kurtosis category among its peers. It is rated # 5 in maximum drawdown category among its peers reporting about  32.54  of Maximum Drawdown per Kurtosis. The ratio of Maximum Drawdown to Kurtosis for Panaxia Labs Israel is roughly  32.54 
A high kurtosis typically shows a distribution of returns with fat tails, whereas a low kurtosis portrays a distribution with skinny tails or a distribution concentrated toward the mean.
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