Pioneer Natural Resources Stock Market Value
| PXD Stock | USD 275.52 0.29 0.11% |
| Symbol | Pioneer |
Pioneer Natural Resources Price To Book Ratio
Is Pioneer Natural's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Pioneer Natural. If investors know Pioneer will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Pioneer Natural listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.12) | Dividend Share 13.96 | Earnings Share 20.2 | Revenue Per Share 82.795 | Quarterly Revenue Growth (0.02) |
The market value of Pioneer Natural Resources is measured differently than its book value, which is the value of Pioneer that is recorded on the company's balance sheet. Investors also form their own opinion of Pioneer Natural's value that differs from its market value or its book value, called intrinsic value, which is Pioneer Natural's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Pioneer Natural's market value can be influenced by many factors that don't directly affect Pioneer Natural's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Pioneer Natural's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pioneer Natural is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pioneer Natural's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Pioneer Natural 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Pioneer Natural's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Pioneer Natural.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Pioneer Natural on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Pioneer Natural Resources or generate 0.0% return on investment in Pioneer Natural over 30 days. Pioneer Natural is related to or competes with Coterra Energy, Occidental Petroleum, Diamondback Energy, ConocoPhillips, Devon Energy, EQT, and Permian Resources. Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the Unite... More
Pioneer Natural Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Pioneer Natural's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Pioneer Natural Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8702 | |||
| Information Ratio | 0.287 | |||
| Maximum Drawdown | 4.34 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 2.01 |
Pioneer Natural Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer Natural's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneer Natural's standard deviation. In reality, there are many statistical measures that can use Pioneer Natural historical prices to predict the future Pioneer Natural's volatility.| Risk Adjusted Performance | 0.242 | |||
| Jensen Alpha | 0.3306 | |||
| Total Risk Alpha | 0.2362 | |||
| Sortino Ratio | 0.3313 | |||
| Treynor Ratio | 0.7419 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pioneer Natural's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Pioneer Natural Resources Backtested Returns
Pioneer Natural appears to be very steady, given 3 months investment horizon. Pioneer Natural Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.33, which implies the firm had a 0.33% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Pioneer Natural Resources, which you can use to evaluate the volatility of the company. Please evaluate Pioneer Natural's Coefficient Of Variation of 261.83, risk adjusted performance of 0.242, and Semi Deviation of 0.3799 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pioneer Natural holds a performance score of 25. The company holds a Beta of 0.5, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pioneer Natural's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pioneer Natural is expected to be smaller as well. Please check Pioneer Natural's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Pioneer Natural's historical price patterns will revert.
Auto-correlation | -0.39 |
Poor reverse predictability
Pioneer Natural Resources has poor reverse predictability. Overlapping area represents the amount of predictability between Pioneer Natural time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Pioneer Natural Resources price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Pioneer Natural price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 8.68 |
Pioneer Natural Resources lagged returns against current returns
Autocorrelation, which is Pioneer Natural stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Pioneer Natural's stock expected returns. We can calculate the autocorrelation of Pioneer Natural returns to help us make a trade decision. For example, suppose you find that Pioneer Natural has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Pioneer Natural regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Pioneer Natural stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pioneer Natural stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pioneer Natural stock over time.
Current vs Lagged Prices |
| Timeline |
Pioneer Natural Lagged Returns
When evaluating Pioneer Natural's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneer Natural stock have on its future price. Pioneer Natural autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Pioneer Natural autocorrelation shows the relationship between Pioneer Natural stock current value and its past values and can show if there is a momentum factor associated with investing in Pioneer Natural Resources.
Regressed Prices |
| Timeline |
Pioneer Natural Investors Sentiment
The influence of Pioneer Natural's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Pioneer. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Pioneer Natural's public news can be used to forecast risks associated with an investment in Pioneer. The trend in average sentiment can be used to explain how an investor holding Pioneer can time the market purely based on public headlines and social activities around Pioneer Natural Resources. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Pioneer Natural's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Pioneer Natural's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Pioneer Natural's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Pioneer Natural.
Pioneer Natural Implied Volatility | 41.47 |
Pioneer Natural's implied volatility exposes the market's sentiment of Pioneer Natural Resources stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Pioneer Natural's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Pioneer Natural stock will not fluctuate a lot when Pioneer Natural's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Pioneer Natural in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Pioneer Natural's short interest history, or implied volatility extrapolated from Pioneer Natural options trading.
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Check out Pioneer Natural Correlation, Pioneer Natural Volatility and Pioneer Natural Alpha and Beta module to complement your research on Pioneer Natural. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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When running Pioneer Natural's price analysis, check to measure Pioneer Natural's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Pioneer Natural is operating at the current time. Most of Pioneer Natural's value examination focuses on studying past and present price action to predict the probability of Pioneer Natural's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pioneer Natural's price. Additionally, you may evaluate how the addition of Pioneer Natural to your portfolios can decrease your overall portfolio volatility.
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Pioneer Natural technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.