Futebol Clube Skewness vs. Day Median Price

FCP Stock  EUR 1.11  0.02  1.77%   
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Futebol Clube do has current Skewness of 0.1118. 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

 = 
0.1118
3PM = Third upper moment
STD =   Standard Deviation of Futebol Clube

Futebol Clube Skewness Peers Comparison

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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