Pioneer Natural Risk Analysis

Macroaxis considers Pioneer Natural not too risky given 1 month investment horizon. Pioneer Natural Reso maintains Sharpe Ratio (i.e. Efficiency) of 0.1075 which implies Pioneer Natural Reso had 0.1075% of return per unit of risk over the last 1 month. Our philosophy towards forecasting volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Pioneer Natural Reso which you can use to evaluate future volatility of the company. Please employ Pioneer Natural Reso Coefficient Of Variation of 819.66, Semi Deviation of 2.31 and Risk Adjusted Performance of 0.0768 to confirm if our risk estimates are consistent with your expectations.
Investment Horizon     30 Days    Login   to change

Pioneer Natural Market Sensitivity

As returns on market increase, returns on owning Pioneer Natural are expected to decrease at a much smaller rate. During bear market, Pioneer Natural is likely to outperform the market.
One Month Beta |Analyze Pioneer Natural Reso Demand Trend
Check current 30 days Pioneer Natural correlation with market (NYSE)
β = -0.2792
Pioneer Natural Almost negative betaPioneer Natural Reso Beta Legend

Projected Return Density Against Market

Considering 30-days investment horizon, Pioneer Natural Resources Co has beta of -0.2792 . This implies as returns on benchmark increase, returns on holding Pioneer Natural are expected to decrease at a much smaller rate. During bear market, however, Pioneer Natural Resources Co is likely to outperform the market. Moreover, Pioneer Natural Resources Co has an alpha of 0.4206 implying that it can potentially generate 0.4206% excess return over NYSE after adjusting for the inherited market risk (beta).
 Predicted Return Density 
Benchmark  Embed   Returns 
Considering 30-days investment horizon, the coefficient of variation of Pioneer Natural is 930.05. The daily returns are destributed with a variance of 8.29 and standard deviation of 2.88. The mean deviation of Pioneer Natural Resources Co is currently at 1.79. For similar time horizon, the selected benchmark (NYSE) has volatility of 0.56
α
Alpha over NYSE
= 0.42 
βBeta against NYSE=(0.28)
σ
Overall volatility
= 2.88 
 IrInformation ratio = 0.02 

Actual Return Volatility

Pioneer Natural Resources Co has volatility of 2.8788% on return distribution over 30 days investment horizon. NYSE inherits 0.4769% risk (volatility on return distribution) over the 30 days horizon.
 Daily Returns (%) 
Benchmark  Embed   Timeline 

30 Days Market Risk

Not too risky

Chance of Distress in 24 months

30 Days Economic Sensitivity

Almost neglects market
Total Debt
Pioneer Natural Reso Total Debt History
Largest Trends
Pioneer Natural Largest Period Trend
 177.60 
  
 172.09 
5.51  3.10%
Lowest period price (30 days)
 184.88 
  
 191.04 
6.16  3.33%
Highest period price (30 days)
Investment Outlook
Pioneer Natural Investment Opportunity
Pioneer Natural Resources Co has a volatility of 2.88 and is 6.0 times more volatile than NYSE. 27% of all equities and portfolios are less risky than Pioneer Natural. Compared to the overall equity markets, volatility of historical daily returns of Pioneer Natural Resources Co is lower than 27 (%) of all global equities and portfolios over the last 30 days. Use Pioneer Natural Resources Co to enhance returns of your portfolios. The stock experiences moderate upward volatility. Check odds of Pioneer Natural to be traded at $204.36 in 30 days. As returns on market increase, returns on owning Pioneer Natural are expected to decrease at a much smaller rate. During bear market, Pioneer Natural is likely to outperform the market.

Pioneer Natural correlation with market

Good diversification
Overlapping area represents amount of risk that can be diversified away by holding Pioneer Natural Resources Co. and equity matching NYA index in the same portfolio