Neuland Laboratories Volatility
What is the Volatility of Neuland Laboratories?
The Volatility of Neuland Laboratories Limited is 3.70%
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 BSE compared to Neuland Laboratories
What does Neuland Laboratories do?
Neuland Laboratories Limited manufactures and sells active pharmaceutical ingredients (APIs) in India, Europe, the United States, and internationally. The company's APIs are used in various therapeutic areas, including antiasthmatics, cardiovasculars, antifungal, anticonvulsants, antiemetic, central nervous system, fluoroquinolones, corticosteroids, antipsychotic, antibacterial and anti-parkinson, anti-ulcerants, and prostaglandins. It also provides custom manufacturing solutions, as well as peptide synthesis services. The company was founded in 1984 and is headquartered in Hyderabad, India.
Companies with volatility similar to Neuland Laboratories
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- City Office REIT Inc has Volatility of 3.69%
- DEUTZ AG has Volatility of 3.69%
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- Zhejiang Orient Gene Biotech Co has Volatility of 3.69%
- Neuland Laboratories has Volatility of 3.70%
- Western Digital has Volatility of 3.71%
- Interface has Volatility of 3.71%
- China Tianrui Automotive Interiors Co has Volatility of 3.71%
- Wuxi Biologics (Cayman) has Volatility of 3.71%
- Eminent Gold has Volatility of 3.71%
- Renault SA has Volatility of 3.71%