Pyxis Stock Volatility

PXS
 Stock
  

USD 3.69  0.50  11.93%   

Pyxis Tankers appears to be unstable, given 3 months investment horizon. Pyxis Tankers maintains Sharpe Ratio (i.e., Efficiency) of 0.1, which implies the firm had 0.1% of return per unit of risk over the last 3 months. Our standpoint towards forecasting the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Pyxis Tankers, which you can use to evaluate the future volatility of the company. Please evaluate Pyxis Tankers' Coefficient Of Variation of 853.67, risk adjusted performance of 0.141, and Semi Deviation of 3.77 to confirm if our risk estimates are consistent with your expectations.
  
Pyxis Tankers Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Pyxis daily returns, and it is calculated using variance and standard deviation. We also use Pyxis's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Pyxis Tankers volatility.

720 Days Market Risk

Unstable

Chance of Distress

Below Average

720 Days Economic Sensitivity

Follows the market closely
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Pyxis Tankers can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Pyxis Tankers at lower prices. For example, an investor can purchase Pyxis stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of Pyxis Tankers' stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.

Moving against Pyxis Tankers

-0.71OROVFOrient Overseas IntePairCorr
-0.68CICOYChina Cosco HoldingsPairCorr
-0.66CICOFChina Cosco HoldingPairCorr
-0.64OROVYOrient Overseas IntePairCorr

Pyxis Tankers Market Sensitivity And Downside Risk

Pyxis Tankers' beta coefficient measures the volatility of Pyxis stock compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Pyxis stock's returns against your selected market. In other words, Pyxis Tankers's beta of 0.53 provides an investor with an approximation of how much risk Pyxis Tankers stock can potentially add to one of your existing portfolios.
Pyxis Tankers shows above-average downside volatility for the selected time horizon. We advise investors to inspect Pyxis Tankers further and ensure that all market timing and asset allocation strategies are consistent with the estimation of Pyxis Tankers future alpha. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Pyxis Tankers' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Pyxis Tankers' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.
3 Months Beta |Analyze Pyxis Tankers Demand Trend
Check current 90 days Pyxis Tankers correlation with market (DOW)

Pyxis Beta

    
  0.53  
Pyxis standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  3.76  
It is essential to understand the difference between upside risk (as represented by Pyxis Tankers's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Pyxis Tankers' daily returns or price. Since the actual investment returns on holding a position in pyxis stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Pyxis Tankers.

Pyxis Tankers Stock Volatility Analysis

Volatility refers to the frequency at which Pyxis Tankers stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Pyxis Tankers' price changes. Investors will then calculate the volatility of Pyxis Tankers' stock to predict their future moves. A stock that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A stock with relatively stable price changes has low volatility. A highly volatile stock is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Pyxis Tankers' volatility:

Historical Volatility

This type of stock volatility measures Pyxis Tankers' fluctuations based on previous trends. It's commonly used to predict Pyxis Tankers' future behavior based on its past. However, it cannot conclusively determine the future direction of the stock.

Implied Volatility

This type of volatility provides a positive outlook on future price fluctuations for Pyxis Tankers' current market price. This means that the stock will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Pyxis Tankers' to be redeemed at a future date.
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Pyxis Tankers Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
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Pyxis Tankers Projected Return Density Against Market

Considering the 90-day investment horizon Pyxis Tankers has a beta of 0.5314 indicating as returns on the market go up, Pyxis Tankers average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Pyxis Tankers will be expected to be much smaller as well.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Pyxis Tankers or Industrials sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Pyxis Tankers' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Pyxis stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
The company has an alpha of 0.4652, implying that it can generate a 0.47 percent excess return over DOW after adjusting for the inherited market risk (beta).
   Predicted Return Density   
       Returns  
Pyxis Tankers' volatility is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how pyxis stock's price will differ from the mean after some time.To get its calculation, you should first determine the mean price during the specified period then subtract that from each price point.

What Drives a Pyxis Tankers Price Volatility?

Several factors can influence a Stock's stock volatility:

Industry

Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.

Political and Economic environment

When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.

The Company's Performance

Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.

Pyxis Tankers Stock Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Pyxis Tankers or Industrials sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Pyxis Tankers' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Pyxis stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision. Considering the 90-day investment horizon the coefficient of variation of Pyxis Tankers is 953.0. The daily returns are distributed with a variance of 14.12 and standard deviation of 3.76. The mean deviation of Pyxis Tankers is currently at 2.87. For similar time horizon, the selected benchmark (DOW) has volatility of 1.14
α
Alpha over DOW
0.47
β
Beta against DOW0.53
σ
Overall volatility
3.76
Ir
Information ratio 0.13

Pyxis Tankers Stock Return Volatility

Pyxis Tankers historical daily return volatility represents how much of Pyxis Tankers stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The enterprise has volatility of 3.7576% on return distribution over 90 days investment horizon. By contrast, DOW inherits 1.1051% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
       Timeline  

About Pyxis Tankers Volatility

Volatility is a rate at which the price of Pyxis Tankers or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Pyxis Tankers may increase or decrease. In other words, similar to Pyxis's beta indicator, it measures the risk of Pyxis Tankers and helps estimate the fluctuations that may happen in a short period of time. So if prices of Pyxis Tankers fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.
Pyxis Tankers Inc. operates as a maritime transportation company with a focus on the tanker sector in the United States. Pyxis Tankers Inc. was incorporated in 2015 and is based in Maroussi, Greece. Pyxis Tankers is traded on NASDAQ Exchange in the United States.

Pyxis Tankers Investment Opportunity

Pyxis Tankers has a volatility of 3.76 and is 3.39 times more volatile than DOW. 32  of all equities and portfolios are less risky than Pyxis Tankers. Compared to the overall equity markets, volatility of historical daily returns of Pyxis Tankers is lower than 32 () of all global equities and portfolios over the last 90 days. Use Pyxis Tankers to protect your portfolios against small market fluctuations. Benchmarks are essential to demonstrate the utility of optimization algorithms. The stock experiences a very speculative upward sentiment. Check odds of Pyxis Tankers to be traded at $3.51 in 90 days.

Average diversification

The correlation between Pyxis Tankers and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pyxis Tankers and DJI in the same portfolio, assuming nothing else is changed.

Pyxis Tankers Additional Risk Indicators

The analysis of Pyxis Tankers' secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Pyxis Tankers' investment and either accepting that risk or mitigating it. Along with some common measures of Pyxis Tankers stock's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stocks, we recommend comparing similar stocks with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Pyxis Tankers Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Pyxis Tankers as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Pyxis Tankers' systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Pyxis Tankers' unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Pyxis Tankers.
Please check Your Equity Center. You can also try Money Managers module to screen money managers from public funds and ETFs managed around the world.

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Is Pyxis Tankers' 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 Pyxis Tankers. If investors know Pyxis 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 Pyxis Tankers listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Pyxis Tankers is measured differently than its book value, which is the value of Pyxis that is recorded on the company's balance sheet. Investors also form their own opinion of Pyxis Tankers' value that differs from its market value or its book value, called intrinsic value, which is Pyxis Tankers' 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 Pyxis Tankers' market value can be influenced by many factors that don't directly affect Pyxis Tankers' 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 Pyxis Tankers' value and its price as these two are different measures arrived at by different means. Investors typically determine Pyxis Tankers value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pyxis Tankers' 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.