uploads///CRC Q DR Implied Volatility

California Resources’ Stock Price Range: Weekly Forecast

Nicholas Chapman - Author

Aug. 18 2020, Updated 4:37 a.m. ET

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%.

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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.

Other upstream stocks

As of May 11, 2017, other upstream stocks like Marathon Oil (MRO), Occidental Petroleum (OXY), and Southwestern Energy (SWN) have implied volatilities of ~38.76%, ~20.11%, and ~53.25%. The SPDR S&P 500 ETF (SPY) has implied volatility of ~12.63%.


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