Peyto Explorationdevelopment Corp Stock Volatility
| PEYUF Stock | USD 12.64 0.06 0.47% |
At this point, Peyto ExplorationDevel is not too volatile. Peyto ExplorationDevel maintains Sharpe Ratio (i.e., Efficiency) of 0.0876, which implies the firm had a 0.0876 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Peyto ExplorationDevel, which you can use to evaluate the volatility of the company. Please check Peyto ExplorationDevel's Semi Deviation of 1.42, risk adjusted performance of 0.1463, and Coefficient Of Variation of 590.94 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Key indicators related to Peyto ExplorationDevel's volatility include:
90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Peyto ExplorationDevel Pink Sheet 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 Peyto daily returns, and it is calculated using variance and standard deviation. We also use Peyto's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Peyto ExplorationDevel volatility.
Peyto |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Peyto ExplorationDevel 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 Peyto ExplorationDevel at lower prices to lower their average cost per share. Similarly, when the prices of Peyto ExplorationDevel's stock rise, investors can sell out and invest the proceeds in other equities with better opportunities.
Moving together with Peyto Pink Sheet
| 0.65 | XOM | Exxon Mobil Corp Earnings Call This Week | PairCorr |
Moving against Peyto Pink Sheet
Peyto ExplorationDevel Market Sensitivity And Downside Risk
Peyto ExplorationDevel's beta coefficient measures the volatility of Peyto pink sheet 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 Peyto pink sheet's returns against your selected market. In other words, Peyto ExplorationDevel's beta of 0.57 provides an investor with an approximation of how much risk Peyto ExplorationDevel pink sheet can potentially add to one of your existing portfolios. Peyto ExplorationDevelopment Corp has relatively low volatility with skewness of -0.26 and kurtosis of 0.43. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Peyto ExplorationDevel's pink sheet risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Peyto ExplorationDevel's pink sheet 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 Peyto ExplorationDevel Demand TrendCheck current 90 days Peyto ExplorationDevel correlation with market (Dow Jones Industrial)Peyto Beta |
Peyto 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 | 1.76 |
It is essential to understand the difference between upside risk (as represented by Peyto ExplorationDevel's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Peyto ExplorationDevel's daily returns or price. Since the actual investment returns on holding a position in peyto pink sheet 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 Peyto ExplorationDevel.
Peyto ExplorationDevel Pink Sheet Volatility Analysis
Volatility refers to the frequency at which Peyto ExplorationDevel pink sheet price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Peyto ExplorationDevel's price changes. Investors will then calculate the volatility of Peyto ExplorationDevel's pink sheet to predict their future moves. A pink sheet that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A pink sheet with relatively stable price changes has low volatility. A highly volatile pink sheet 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 Peyto ExplorationDevel's volatility:
Historical Volatility
This type of pink sheet volatility measures Peyto ExplorationDevel's fluctuations based on previous trends. It's commonly used to predict Peyto ExplorationDevel's future behavior based on its past. However, it cannot conclusively determine the future direction of the pink sheet.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Peyto ExplorationDevel's current market price. This means that the pink sheet will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Peyto ExplorationDevel'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. Peyto ExplorationDevel 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.
Peyto ExplorationDevel Projected Return Density Against Market
Assuming the 90 days horizon Peyto ExplorationDevel has a beta of 0.5711 indicating as returns on the market go up, Peyto ExplorationDevel average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Peyto ExplorationDevelopment 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 Peyto ExplorationDevel 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 Peyto ExplorationDevel's price will be affected by overall pink sheet 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 Peyto pink sheet'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.
Peyto ExplorationDevelopment Corp has an alpha of 0.3063, implying that it can generate a 0.31 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a Peyto ExplorationDevel Price Volatility?
Several factors can influence a pink sheet'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.Peyto ExplorationDevel Pink Sheet Risk Measures
Assuming the 90 days horizon the coefficient of variation of Peyto ExplorationDevel is 1141.95. The daily returns are distributed with a variance of 3.11 and standard deviation of 1.76. The mean deviation of Peyto ExplorationDevelopment Corp is currently at 1.34. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.83
α | Alpha over Dow Jones | 0.31 | |
β | Beta against Dow Jones | 0.57 | |
σ | Overall volatility | 1.76 | |
Ir | Information ratio | 0.18 |
Peyto ExplorationDevel Pink Sheet Return Volatility
Peyto ExplorationDevel historical daily return volatility represents how much of Peyto ExplorationDevel pink sheet's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company shows 1.7628% volatility of returns over 90 . By contrast, Dow Jones Industrial accepts 0.8713% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Peyto ExplorationDevel Volatility
Volatility is a rate at which the price of Peyto ExplorationDevel 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 Peyto ExplorationDevel may increase or decrease. In other words, similar to Peyto's beta indicator, it measures the risk of Peyto ExplorationDevel and helps estimate the fluctuations that may happen in a short period of time. So if prices of Peyto ExplorationDevel 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.Peyto Exploration Development Corp. engages in the exploration, development, and production of oil and natural gas, and natural gas liquids in Deep Basin of Alberta. Peyto Exploration Development Corp. was founded in 1998 and is headquartered in Calgary, Canada. Peyto Energy operates under Oil Gas EP classification in the United States and is traded on OTC Exchange.
Peyto ExplorationDevel'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 Peyto Pink Sheet over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Peyto ExplorationDevel's price varies over time.
3 ways to utilize Peyto ExplorationDevel's volatility to invest better
Higher Peyto ExplorationDevel's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Peyto ExplorationDevel 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. Peyto ExplorationDevel 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 Peyto ExplorationDevel investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Peyto ExplorationDevel'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 Peyto ExplorationDevel's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Peyto ExplorationDevel Investment Opportunity
Peyto ExplorationDevelopment Corp has a volatility of 1.76 and is 2.02 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of Peyto ExplorationDevelopment Corp is lower than 15 percent of all global equities and portfolios over the last 90 days. You can use Peyto ExplorationDevelopment Corp to protect your portfolios against small market fluctuations. The pink sheet experiences a normal downward fluctuation but is a risky buy. Check odds of Peyto ExplorationDevel to be traded at $12.51 in 90 days.Modest diversification
The correlation between Peyto ExplorationDevelopment C and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Peyto ExplorationDevelopment C and DJI in the same portfolio, assuming nothing else is changed.
Peyto ExplorationDevel Additional Risk Indicators
The analysis of Peyto ExplorationDevel'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 Peyto ExplorationDevel's investment and either accepting that risk or mitigating it. Along with some common measures of Peyto ExplorationDevel pink sheet'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 | 0.1463 | |||
| Market Risk Adjusted Performance | 0.5206 | |||
| Mean Deviation | 1.37 | |||
| Semi Deviation | 1.42 | |||
| Downside Deviation | 1.83 | |||
| Coefficient Of Variation | 590.94 | |||
| Standard Deviation | 1.78 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential pink sheets, we recommend comparing similar pink sheets with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Peyto ExplorationDevel 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 Peyto ExplorationDevel 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. Peyto ExplorationDevel'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, Peyto ExplorationDevel'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 Peyto ExplorationDevelopment Corp.
Complementary Tools for Peyto Pink Sheet analysis
When running Peyto ExplorationDevel's price analysis, check to measure Peyto ExplorationDevel'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 Peyto ExplorationDevel is operating at the current time. Most of Peyto ExplorationDevel's value examination focuses on studying past and present price action to predict the probability of Peyto ExplorationDevel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Peyto ExplorationDevel's price. Additionally, you may evaluate how the addition of Peyto ExplorationDevel to your portfolios can decrease your overall portfolio volatility.
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