Cullen Resources Volatility
What is the Volatility of Cullen Resources?
The Volatility of Cullen Resources Limited is 8.32%
What is the definition of Volatility?
Volatility or average true range percent (ATRP 14) is the ATR expressed as a percentage of closing price.
14-day average true range percent
Average true range percent (ATRP) measures volatility on a relative level. This is opposed to the ATR, which measures volatility on an absolute level. ATRP allows securities to be compared whereas ATR does not. That means lower-priced stocks won't necessarily have lower ATR values than higher-priced stocks.
The period used in the calculation is 14 days and the normalized indicator oscillates between 0 and 100 percent of recent price variation. Importantly, the indicator doesn't predict the direction of price but it describes the current volatility. The volatility is comparable across all securities and all markets.
Volatility expresses the degree of price movement. The use of ATRP as volatility compared to ATR is preferred in cases when different securities or different time periods are compared. Examples are stock screening, filtering strategies, and studying seasonality and volatility patterns over long periods of time and different markets
Volatility of companies in the Finance sector on ASX compared to Cullen Resources
What does Cullen Resources do?
Magellan Global Trust is a closed-ended equity mutual fund launched and managed by Magellan Asset Management Limited. The fund invests in the public equity markets across the globe. It invests in stocks of companies operating across diversified sectors. The fund invests in value stocks of companies. It invests in stocks of companies across diversified market capitalizations. The fund employs fundamental analysis with a bottom-up stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against the MSCI World Net Total Return Index. Magellan Global Trust was formed on August 29, 2017 and is domiciled in Australia.
Companies with volatility similar to Cullen Resources
- Dubber has Volatility of 8.31%
- Moho Resources has Volatility of 8.31%
- Heliospectra AB has Volatility of 8.31%
- Hudbay Minerals has Volatility of 8.31%
- Malayan Banking Bhd has Volatility of 8.31%
- Trigon Metals has Volatility of 8.31%
- Cullen Resources has Volatility of 8.32%
- Yat Sing has Volatility of 8.33%
- Pivotree has Volatility of 8.33%
- A.K.A. Brands has Volatility of 8.33%
- Rock Tech Lithium has Volatility of 8.33%
- ImaginOn has Volatility of 8.33%
- Orient Cement has Volatility of 8.33%