Pioneer Natural (Germany) Market Value
| PNK Stock | EUR 0.40 0.02 4.76% |
| Symbol | Pioneer |
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.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Pioneer Natural on January 2, 2023 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 720 days. Pioneer Natural is related to or competes with Alibaba Group, ConocoPhillips, CNOOC, EOG Resources, Canadian Natural, Occidental Petroleum, and Occidental Petroleum. 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 | 13.75 | |||
| Information Ratio | 0.0671 | |||
| Maximum Drawdown | 151.11 | |||
| Value At Risk | (10.34) | |||
| Potential Upside | 12.5 |
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 | 0.0643 | |||
| Jensen Alpha | 0.8663 | |||
| Total Risk Alpha | 0.6278 | |||
| Sortino Ratio | 0.0756 | |||
| Treynor Ratio | 0.1205 |
Pioneer Natural Resources Backtested Returns
Pioneer Natural is out of control given 3 months investment horizon. Pioneer Natural Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.0693, which implies the firm had a 0.0693% return per unit of risk over the last 3 months. We were able to interpolate twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.16% are justified by taking the suggested risk. Use Pioneer Natural Semi Deviation of 8.59, risk adjusted performance of 0.0643, and Coefficient Of Variation of 1446.14 to evaluate company specific risk that cannot be diversified away. Pioneer Natural holds a performance score of 5 on a scale of zero to a hundred. The company holds a Beta of 8.82, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Pioneer Natural will likely underperform. Use Pioneer Natural potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to analyze future returns on Pioneer Natural.
Auto-correlation | -0.41 |
Modest reverse predictability
Pioneer Natural Resources has modest reverse predictability. Overlapping area represents the amount of predictability between Pioneer Natural time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 -0.41 indicates that just about 41.0% of current Pioneer Natural price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 11.5 K |
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 |
Currently Active Assets on Macroaxis
Other Information on Investing in Pioneer Stock
Pioneer Natural financial ratios help investors to determine whether Pioneer Stock 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 Natural security.