Calidus Resources Volatility
What is the Volatility of Calidus Resources?
The Volatility of Calidus Resources Limited is 0.32%
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 Materials sector on ASX compared to Calidus Resources
What does Calidus Resources do?
Calidus Resources Limited engages in the exploration and exploitation of gold minerals in Australia. The company holds interests in the Warrawoona Gold project covering an area of approximately 780 square kilometers located in the East Pilbara district of the Pilbara Goldfield in Western Australia; and the Blue Spec project located in the Pilbara Goldfield in Western Australia. It also holds a 70% interest in the Otways gold-copper project located in Western Australia. The company was incorporated in 1986 and is based in West Perth, Australia.
Companies with volatility similar to Calidus Resources
- Union Financière de France Banque SA has Volatility of 0.31%
- Hersha Hospitality Trust has Volatility of 0.31%
- Randolph Bancorp Inc has Volatility of 0.31%
- Fidus Investment has Volatility of 0.31%
- Luminex Corp has Volatility of 0.31%
- Dunkin Brands Inc has Volatility of 0.31%
- Calidus Resources has Volatility of 0.32%
- Jernigan Capital has Volatility of 0.33%
- Manutan International SA has Volatility of 0.33%
- Stealth Technologies Inc has Volatility of 0.33%
- Hailan has Volatility of 0.33%
- Ubs Etfbloombergbrclsea Liqcorp has Volatility of 0.33%
- CAST SA has Volatility of 0.33%