Chord Energy Corp Stock Volatility

CHRD Stock  USD 126.43  0.14  0.11%   
Chord Energy Corp secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. Chord Energy Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chord Energy's Risk Adjusted Performance of (0.08), mean deviation of 1.29, and Standard Deviation of 1.71 to double-check the risk estimate we provide. Key indicators related to Chord Energy's volatility include:
30 Days Market Risk
Chance Of Distress
30 Days Economic Sensitivity
Chord Energy 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 Chord daily returns, and it is calculated using variance and standard deviation. We also use Chord's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Chord Energy volatility.
  

ESG Sustainability

While most ESG disclosures are voluntary, Chord Energy's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Chord Energy's managers and investors.
Environmental
Governance
Social
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Chord Energy can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game as hey may decide to buy additional stocks of Chord Energy at lower prices to lower their average cost per share. Similarly, when the prices of Chord Energy's stock rise, investors can sell out and invest the proceeds in other equities with better opportunities.

Moving together with Chord Stock

  0.9SD SandRidge EnergyPairCorr
  0.71VTLE Vital EnergyPairCorr
  0.61EONR EON Resources Symbol ChangePairCorr

Moving against Chord Stock

  0.47EPSN Epsilon EnergyPairCorr
  0.46DMLP Dorchester MineralsPairCorr

Chord Energy Market Sensitivity And Downside Risk

Chord Energy's beta coefficient measures the volatility of Chord stock compared to the systematic risk of the entire 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 Chord stock's returns against your selected market. In other words, Chord Energy's beta of 0.84 provides an investor with an approximation of how much risk Chord Energy stock can potentially add to one of your existing portfolios. Chord Energy Corp exhibits very low volatility with skewness of -0.37 and kurtosis of 0.63. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Chord Energy's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Chord Energy's 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 financial instruments as prices fall.
3 Months Beta |Analyze Chord Energy Corp Demand Trend
Check current 90 days Chord Energy correlation with market (Dow Jones Industrial)

Chord Beta

    
  0.84  
Chord standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity 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

    
  1.73  
It is essential to understand the difference between upside risk (as represented by Chord Energy's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Chord Energy's daily returns or price. Since the actual investment returns on holding a position in chord 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 Chord Energy.

Chord Energy Corp Stock Volatility Analysis

Volatility refers to the frequency at which Chord Energy stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Chord Energy's price changes. Investors will then calculate the volatility of Chord Energy's 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 Chord Energy's volatility:

Historical Volatility

This type of stock volatility measures Chord Energy's fluctuations based on previous trends. It's commonly used to predict Chord Energy's 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 Chord Energy's 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 Chord Energy's 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. Chord Energy Corp 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.

Chord Energy Projected Return Density Against Market

Given the investment horizon of 90 days Chord Energy has a beta of 0.8445 suggesting as returns on the market go up, Chord Energy average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Chord Energy Corp 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 Chord Energy or Oil, Gas & Consumable Fuels 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 Chord Energy's 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 Chord 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.
Chord Energy Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial.
   Predicted Return Density   
       Returns  
Chord Energy's volatility is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how chord 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 Chord Energy Price Volatility?

Several factors can influence a stock's market 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.

Chord Energy Stock Risk Measures

Given the investment horizon of 90 days the coefficient of variation of Chord Energy is -792.11. The daily returns are distributed with a variance of 2.98 and standard deviation of 1.73. The mean deviation of Chord Energy Corp is currently at 1.3. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.77
α
Alpha over Dow Jones
-0.31
β
Beta against Dow Jones0.84
σ
Overall volatility
1.73
Ir
Information ratio -0.19

Chord Energy Stock Return Volatility

Chord Energy historical daily return volatility represents how much of Chord Energy stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The firm inherits 1.7264% risk (volatility on return distribution) over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7717% volatility on return distribution over the 90 days horizon.
 Performance 
       Timeline  

About Chord Energy Volatility

Volatility is a rate at which the price of Chord Energy 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 Chord Energy may increase or decrease. In other words, similar to Chord's beta indicator, it measures the risk of Chord Energy and helps estimate the fluctuations that may happen in a short period of time. So if prices of Chord Energy 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.
Last ReportedProjected for Next Year
Selling And Marketing Expenses7.3 MM
Market Cap670.2 M595.7 M
Chord Energy's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Chord Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Chord Energy's price varies over time.

3 ways to utilize Chord Energy's volatility to invest better

Higher Chord Energy's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Chord Energy Corp stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Chord Energy Corp stock volatility can provide helpful information for making investment decisions in the following ways:
  • Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Chord Energy Corp investment. A higher volatility means higher risk and potentially larger changes in value.
  • Identifying Opportunities: High volatility in Chord Energy's stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
  • Diversification: Understanding how the volatility of Chord Energy's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Remember it's essential to remember that stock volatility is just one of many factors to consider when making investment decisions, and it should be used in conjunction with other fundamental and technical analysis tools.

Chord Energy Investment Opportunity

Chord Energy Corp has a volatility of 1.73 and is 2.25 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of Chord Energy Corp is lower than 15 percent of all global equities and portfolios over the last 90 days. You can use Chord Energy Corp to protect your portfolios against small market fluctuations. The stock experiences a normal downward trend and little activity. Check odds of Chord Energy to be traded at $125.17 in 90 days.

Weak diversification

The correlation between Chord Energy Corp and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chord Energy Corp and DJI in the same portfolio, assuming nothing else is changed.

Chord Energy Additional Risk Indicators

The analysis of Chord Energy's 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 Chord Energy's investment and either accepting that risk or mitigating it. Along with some common measures of Chord Energy 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.

Chord Energy 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 Chord Energy 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. Chord Energy's 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, Chord Energy's 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 Chord Energy Corp.

Complementary Tools for Chord Stock analysis

When running Chord Energy's price analysis, check to measure Chord Energy'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 Chord Energy is operating at the current time. Most of Chord Energy's value examination focuses on studying past and present price action to predict the probability of Chord Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chord Energy's price. Additionally, you may evaluate how the addition of Chord Energy to your portfolios can decrease your overall portfolio volatility.
Sign In To Macroaxis
Sign in to explore Macroaxis' wealth optimization platform and fintech modules
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio