Pyxis Tankers Stock Volatility
| PXS Stock | USD 3.80 0.03 0.80% |
Pyxis Tankers maintains Sharpe Ratio (i.e., Efficiency) of -0.23, which implies the firm had a -0.23% return per unit of risk over the last 3 months. Pyxis Tankers exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pyxis Tankers' Coefficient Of Variation of (421.58), variance of 3.02, and Risk Adjusted Performance of (0.18) to confirm the risk estimate we provide. Key indicators related to Pyxis Tankers' volatility include:
30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
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.
Pyxis |
ESG Sustainability
While most ESG disclosures are voluntary, Pyxis Tankers' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Pyxis Tankers' managers and investors.Environmental | Governance | Social |
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 together with Pyxis Stock
Moving against Pyxis Stock
| 0.92 | DTM | DT Midstream | PairCorr |
| 0.91 | ENLC | EnLink Midstream LLC | PairCorr |
| 0.89 | KMI | Kinder Morgan Fiscal Year End 15th of January 2025 | PairCorr |
| 0.87 | ET | Energy Transfer LP Aggressive Push | PairCorr |
| 0.87 | LNG | Cheniere Energy | PairCorr |
| 0.86 | EE | Excelerate Energy | PairCorr |
| 0.84 | CQP | Cheniere Energy Partners | PairCorr |
| 0.83 | EPD | Enterprise Products | PairCorr |
| 0.82 | GLP | Global Partners LP | PairCorr |
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 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 0.28 provides an investor with an approximation of how much risk Pyxis Tankers stock can potentially add to one of your existing portfolios. Pyxis Tankers exhibits very low volatility with skewness of 0.28 and kurtosis of 0.2. 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 financial instruments as prices fall.
3 Months Beta |Analyze Pyxis Tankers Demand TrendCheck current 90 days Pyxis Tankers correlation with market (Dow Jones Industrial)Pyxis Beta |
Pyxis 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 | 1.74 |
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.
Pyxis Tankers Projected Return Density Against Market
Considering the 90-day investment horizon Pyxis Tankers has a beta of 0.278 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 Marine Transportation 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.
Pyxis Tankers 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 |
What Drives a Pyxis Tankers 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.Pyxis Tankers Stock Risk Measures
Considering the 90-day investment horizon the coefficient of variation of Pyxis Tankers is -437.12. The daily returns are distributed with a variance of 3.02 and standard deviation of 1.74. The mean deviation of Pyxis Tankers is currently at 1.36. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.76
α | Alpha over Dow Jones | -0.45 | |
β | Beta against Dow Jones | 0.28 | |
σ | Overall volatility | 1.74 | |
Ir | Information ratio | -0.31 |
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 firm has volatility of 1.737% on return distribution over 90 days investment horizon. By contrast, Dow Jones Industrial accepts 0.7522% 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.| Last Reported | Projected for Next Year | ||
| Selling And Marketing Expenses | 70.2 K | 66.7 K | |
| Market Cap | 44.6 M | 64.1 M |
Pyxis Tankers' 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 Pyxis Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Pyxis Tankers' price varies over time.
3 ways to utilize Pyxis Tankers' volatility to invest better
Higher Pyxis Tankers' stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Pyxis Tankers 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. Pyxis Tankers 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 Pyxis Tankers investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Pyxis Tankers' 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 Pyxis Tankers' stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Pyxis Tankers Investment Opportunity
Pyxis Tankers has a volatility of 1.74 and is 2.32 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of Pyxis Tankers is lower than 15 percent of all global equities and portfolios over the last 90 days. You can use Pyxis Tankers to enhance the returns of your portfolios. The stock experiences a moderate upward volatility. Check odds of Pyxis Tankers to be traded at $4.18 in 90 days.Average diversification
The correlation between Pyxis Tankers and DJI is 0.12 (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.
| Risk Adjusted Performance | (0.18) | |||
| Market Risk Adjusted Performance | (1.51) | |||
| Mean Deviation | 1.38 | |||
| Coefficient Of Variation | (421.58) | |||
| Standard Deviation | 1.74 | |||
| Variance | 3.02 | |||
| Information Ratio | (0.31) |
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.
Additional Tools for Pyxis Stock Analysis
When running Pyxis Tankers' price analysis, check to measure Pyxis Tankers' 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 Pyxis Tankers is operating at the current time. Most of Pyxis Tankers' value examination focuses on studying past and present price action to predict the probability of Pyxis Tankers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pyxis Tankers' price. Additionally, you may evaluate how the addition of Pyxis Tankers to your portfolios can decrease your overall portfolio volatility.