Use Pioneer Natural to protect against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Pioneer Natural to be traded at $181.39 in 30 days
Pioneer Natural Daily Price Distribution
The median price of Pioneer Natural for the period between Sat, Sep 24, 2016 and Mon, Oct 24, 2016 is 185.65 with a coefficient of variation of 2.9. The daily time series for the period is distributed with a sample standard deviation of 5.37, arithmetic mean of 184.85, and mean deviation of 3.87. The Stock received some media coverage during the period.
Pioneer Natural Resources Co (PXD) is traded on New York Stock Exchange in USA. It is located in TEXAS, U.S.A and employs 3,732 people. Pioneer Natural is listed under Coal category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with total capitalization of 31.54 B. Pioneer Natural Resources Co runs under Basic Materials sector within Independent Oil and Gas industry. This company has 169.61 M outstanding shares of which 6.32 M shares are at this time shorted by investors with about 3.49 days to cover shorted positions.
PIONEER NATURAL R has about 3.3 B in cash with 1.34 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 19.45.
Correlation analysis and pair trading evaluation for Pioneer Natural and Enterprise Products. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return