Pfizer Volatility

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PFE -- USA Stock  

Trending

Pfizer Inc maintains Sharpe Ratio (i.e. Efficiency) of -0.0295, which implies the firm had -0.0295% of return per unit of risk over the last 3 months. Macroaxis standpoint towards forecasting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Pfizer Inc exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Pfizer Inc risk adjusted performance of (0.024962), and coefficient of variation of (7,018) to confirm the risk estimate we provide.

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Pfizer 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 Pfizer daily returns, and it is calculated using variance and standard deviation. We also use Pfizer's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Pfizer volatility.

90 Days Market Risk

Very steady

Chance of Distress

Below Average

90 Days Economic Sensitivity

Follows the market closely

Pfizer Market Sensitivity And Downside Risk

Pfizer Inc beta coefficient measures the volatility of Pfizer stock compared to the systematic risk of the entire stock 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 Pfizer stock's returns against your selected market. In other words, Pfizer's beta of -0.1868 provides an investor with an approximation of how much risk Pfizer stock can potentially add to one of your existing portfolios. Let's try to break down what Pfizer's beta means in this case. As returns on the market increase, returns on owning Pfizer are expected to decrease at a much lower rate. During the bear market, Pfizer is likely to outperform the market.
3 Months Beta |Analyze Pfizer Inc Demand Trend
Check current 30 days Pfizer correlation with market (DOW)
β

Current Pfizer Beta Coefficient

 = 

Pfizer Central Daily Price Deviations

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

Pfizer Inc Volatility Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Pfizer Inc 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. View also all equity analysis or get more info about average price price transform indicator.

Pfizer Projected Return Density Against Market

Considering the 30-days investment horizon, Pfizer Inc has a beta of -0.1868 indicating as returns on benchmark increase, returns on holding Pfizer are expected to decrease at a much lower rate. During the bear market, however, Pfizer Inc is likely to outperform the market. Additionally, 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 Pfizer or Robots And Drones 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 Pfizer stock'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 Pfizer 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. The company has a negative alpha, implying that the risk taken by holding this equity is not justified. Pfizer Inc is significantly underperforming DOW.
 Predicted Return Density 
      Returns 

Pfizer Risk Measures

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 Pfizer or Robots And Drones 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 Pfizer stock'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 Pfizer 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. Considering the 30-days investment horizon, the coefficient of variation of Pfizer is -3387.41. The daily returns are destributed with a variance of 3.89 and standard deviation of 1.97. The mean deviation of Pfizer Inc is currently at 1.35. For similar time horizon, the selected benchmark (DOW) has volatility of 1.82
α
Alpha over DOW
=-0.0091
β
Beta against DOW=-0.19
σ
Overall volatility
=1.97
Ir
Information ratio =-0.1

Pfizer Return Volatility

Pfizer historical daily return volatility represents how much Pfizer stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The firm has volatility of 1.9724% on return distribution over 30 days investment horizon. By contrast, DOW inherits 1.8194% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

About Pfizer Volatility

Volatility is a rate at which the price of Pfizer 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 Pfizer may increase or decrease. In other words, similar to Pfizer's beta indicator, it measures the risk of Pfizer and helps estimate the fluctuations that may happen in a short period of time. So if prices of Pfizer 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 2020
Market Capitalization216.8 B225.4 B
Pfizer Inc. develops, manufactures, and sells healthcare products worldwide. Pfizer Inc. was founded in 1849 and is headquartered in New York, New York. Pfizer operates under Drug ManufacturersGeneral classification in the United States and is traded on BATS Exchange. It employs 88300 people.

Pfizer Investment Opportunity

Pfizer Inc has a volatility of 1.97 and is 1.08 times more volatile than DOW. 17  of all equities and portfolios are less risky than Pfizer. Compared to the overall equity markets, volatility of historical daily returns of Pfizer Inc is lower than 17 () of all global equities and portfolios over the last 30 days. Use Pfizer Inc to protect your portfolios against small markets fluctuations. The stock experiences a moderate downward daily trend and can be a good diversifier. Check odds of Pfizer to be traded at $32.8 in 30 days. . Let's try to break down what Pfizer's beta means in this case. As returns on the market increase, returns on owning Pfizer are expected to decrease at a much lower rate. During the bear market, Pfizer is likely to outperform the market.

Pfizer correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Pfizer Inc and equity matching DJI index in the same portfolio.

Pfizer Additional Risk Indicators

The analysis of various secondary risk indicators of Pfizer is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Pfizer investment, and either accepting that risk or mitigating it. Along with some common measures of Pfizer stock 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 your existing portfolio. Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing the like to determine which investment holds the most risk.
Risk Adjusted Performance(0.024962)
Market Risk Adjusted Performance0.2171
Mean Deviation1.42
Coefficient Of Variation(7,018)
Standard Deviation2.01
Variance4.05
Information Ratio(0.1)

Pfizer 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.
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Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page