PIONEER NATURAL RESOURCES Market Value
| 723787AT4 | 92.86 3.47 3.60% |
| Symbol | PIONEER |
PIONEER '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's bond 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.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in PIONEER on December 13, 2022 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 over 720 days. PIONEER is related to or competes with Esperion Therapeutics, Assurant, MGIC Investment, Kinsale Capital, Aegon NV, Teleflex Incorporated, and Aspen Insurance. More
PIONEER 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's bond 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.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 8.79 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.7764 |
PIONEER Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PIONEER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PIONEER's standard deviation. In reality, there are many statistical measures that can use PIONEER historical prices to predict the future PIONEER's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.77) |
PIONEER NATURAL RESOURCES Backtested Returns
PIONEER NATURAL RESOURCES maintains Sharpe Ratio (i.e., Efficiency) of -0.0991, which implies the entity had a -0.0991% return per unit of volatility over the last 3 months. PIONEER NATURAL RESOURCES exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PIONEER's risk adjusted performance of (0.02), and Coefficient Of Variation of (3,113) to confirm the risk estimate we provide. The bond holds a Beta of 0.0666, which implies not very significant fluctuations relative to the market. As returns on the market increase, PIONEER's returns are expected to increase less than the market. However, during the bear market, the loss of holding PIONEER is expected to be smaller as well.
Auto-correlation | 0.36 |
Below average predictability
PIONEER NATURAL RESOURCES has below average predictability. Overlapping area represents the amount of predictability between PIONEER time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 0.36 indicates that just about 36.0% of current PIONEER price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 1.87 |
PIONEER NATURAL RESOURCES lagged returns against current returns
Autocorrelation, which is PIONEER bond'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's bond expected returns. We can calculate the autocorrelation of PIONEER returns to help us make a trade decision. For example, suppose you find that PIONEER has exhibited high autocorrelation historically, and you observe that the bond 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 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PIONEER bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PIONEER bond over time.
Current vs Lagged Prices |
| Timeline |
PIONEER Lagged Returns
When evaluating PIONEER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PIONEER bond have on its future price. PIONEER 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 autocorrelation shows the relationship between PIONEER bond 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 |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in PIONEER Bond
PIONEER financial ratios help investors to determine whether PIONEER Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in PIONEER with respect to the benefits of owning PIONEER security.