Theratechnologies Volatility
What is the Volatility of Theratechnologies?
The Volatility of Theratechnologies, Inc. is 4.51%
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 Health Care sector on TSX compared to Theratechnologies
What does Theratechnologies do?
Theratechnologies Inc., a biopharmaceutical company, focuses on the development and commercialization of various therapies to address the unmet medical needs in the United States, Canada, and Europe. The company offers EGRIFTA and EGRIFTA SV, for the reduction of excess abdominal fat in human immunodeficiency virus (HIV)-infected patients with lipodystrophy; and Trogarzo, an injection refers to ibalizumab for the treatment of multidrug resistant HIV-1 infected patients. Its pipeline products include F8 Formulation for the treatment of lipodystrophy in people living with HIV; TH-1902 for the treatment of triple negative breast cancer; and TH-1904 for the treatment of ovarian cancer. The company was incorporated in 1993 and is headquartered in Montreal, Canada.
Companies with volatility similar to Theratechnologies
- General Finance has Volatility of 4.50%
- Fiore Gold has Volatility of 4.50%
- Shenzhen Transsion Co has Volatility of 4.50%
- Convenience Retail Asia has Volatility of 4.50%
- Lunnon Metals Ltd has Volatility of 4.50%
- Phillips Carbon Black has Volatility of 4.50%
- Theratechnologies has Volatility of 4.51%
- Emerald Inc has Volatility of 4.52%
- Alpha Pro Tech has Volatility of 4.52%
- Progressive Planet Solutions has Volatility of 4.52%
- Geospace Technologies Corp has Volatility of 4.52%
- L.D.C. S.A has Volatility of 4.52%
- Sharda Cropchem has Volatility of 4.52%