Western Services Volatility
What is the Volatility of Western Services?
The Volatility of Western Energy Services Corp. is 1.88%
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 Energy sector on TSX compared to Western Services
What does Western Services do?
Western Energy Services Corp. operates as an oilfield service company in Canada and the United States. It operates through Contract Drilling and Production Services segments. The Contract Drilling segment provides contract drilling services using drilling rigs and auxiliary equipment to contracts with exploration and production companies. The Production Services segment offers well servicing rig and related equipment services, as well as oilfield rental equipment services to other oilfield service companies. The company owns and operates 57 drilling rigs; and 66 service rigs. It serves crude oil and natural gas exploration and production companies. The company is headquartered in Calgary, Canada.
Companies with volatility similar to Western Services
- Horizons Canadian Oil And Gas Equity Covered Call ETF has Volatility of 1.87%
- Consolidated Edison has Volatility of 1.87%
- Danske Bank A/S has Volatility of 1.87%
- Firm Capital Mortgage Investment has Volatility of 1.87%
- Bunzl Plc has Volatility of 1.87%
- Highland Opportunities and Income Fund has Volatility of 1.87%
- Western Services has Volatility of 1.88%
- MGE has Volatility of 1.89%
- Steris Plc has Volatility of 1.89%
- Tivoly SA has Volatility of 1.89%
- Tongfang Kontafarma has Volatility of 1.89%
- Arrow Electronics has Volatility of 1.89%
- IEX N.V has Volatility of 1.89%