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Pental Volatility

What is the Volatility of Pental?

The Volatility of Pental Limited is 8.64%

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 Consumer Staples sector on ASX compared to Pental

What does Pental do?

Pental Limited manufactures, markets, and distributes personal, household, and commercial products in Australia, New Zealand, and Asia. The company provides soap, laundry, and dishwashing products, as well as stain removers, bleaches, and firelighters. It operates through Owned Brands, Contracted Brands, and Hampers with Bite segments. The Owned Brands segment engages in the manufacture, wholesale, and management of brands; and promotion of brands through advertising, social media, outdoor media, and in stores. The Contracted Brands segment provides contract services, including manufacturing and distribution services to external brand owners, as well as manufacturing services of private label products for retailers, contractually manufactured products for FMCG companies, and distribution of products for Duracell batteries. The Hampers with Bite segment, an online gifting business, which specializes in sourcing, assembling, and delivering services of gift hampers. The company offers firelighter, household, bathroom, gift pack, bleach, dishwashing, laundry, toilet, personal care, hand sanitizer, hand soap, hand wash, and toothpaste, as well as fabric care, conditioner, and solution products under the AIM, Country Life, Duracell, Huggie, Janola, Jiffy Firelighters, Little Lucifer, Lux, Martha's, Procell, Softly, Sunlight, Velvet, and White King brands. The company was formerly known as Symex Holdings Limited and changed its name to Pental Limited in January 2013. Pental Limited was incorporated in 1999 and is headquartered in Melbourne, Australia.

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