California Resources’ implied volatility
As of May 11, 2017, California Resources (CRC) had an implied volatility of ~79.42%, which is ~23.68% below its 260-trading day historical price volatility of ~104.06%.
Stock price range forecast for the week
Assuming a normal distribution of prices (bell curve model) and a standard deviation of one, and based on its implied volatility of ~79.42%, California Resources’ stock is expected to close between $14.96 and $12.00 after seven calendar days. Based on the standard statistical formula, California Resources’ stock will stay in this range ~68% of the time.