California Resources Corp Stock Volatility
| CRC Stock | USD 58.92 -2.20 -3.60% |
Sharpe Ratio = 0.0501
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California Resources Corp (CRC) recorded a Market Risk Adjusted Performance of -1.9%, a Risk of 2.63, and a Risk Adjusted Performance of 0.1%. Monthly moving average analysis places it at roughly 3% of its prior performance bandwidth.
Key indicators related to California Resources' volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Key risk metrics for California Resources (3 Months):
Beta -0.11 | Alpha 0.22 | Risk 2.63 | Sharpe Ratio 0.05 | Expected Return 0.13 |
Assets With Similar Volatility
| 0.77 | AR | Antero Resources Corp | PairCorr |
| 0.96 | PR | Permian Resources Earnings Call This Week | PairCorr |
| 0.83 | VG | Venture Global | PairCorr |
| 0.78 | VNOM | Viper Energy Ut Earnings Call This Week | PairCorr |
| 0.66 | EONR | EON Resources | PairCorr |
| 0.95 | APA | APA Corporation | PairCorr |
| 0.82 | MAU | Etablissements Maurel et | PairCorr |
| 0.81 | BTE | Baytex Energy Corp | PairCorr |
| 0.89 | CRT | Cross Timbers Royalty | PairCorr |
| 0.88 | DVN | Devon Energy | PairCorr |
| 0.95 | EOG | EOG Resources | PairCorr |
| 0.68 | GFR | Greenfire Resources | PairCorr |
| 0.91 | KOS | Kosmos Energy | PairCorr |
| 0.91 | MGY | Magnolia Oil Gas Earnings Call This Week | PairCorr |
| 0.93 | MUR | Murphy Oil | PairCorr |
| 0.73 | MVO | MV Oil Trust | PairCorr |
| 0.63 | NOG | Northern Oil Gas | PairCorr |
Lower Correlation Assets
| 0.62 | CLON | Clontarf Energy Plc | PairCorr |
| 0.48 | RG8 | Regal Asian Investments | PairCorr |
| 0.46 | CWV | Crown Point Energy Earnings Call This Week | PairCorr |
Sensitivity To Market
California Resources Corp beta of -0.11 quantifies how much of its total volatility (2.63%) is attributable to market-wide factors versus idiosyncratic drivers. California Resources Corp return dispersion over the lookback window shows standard deviation near 2.61% and semi-deviation near 3.14%, providing a baseline for comparison across peer instruments. Options markets imply a forward-looking volatility estimate near 49.0%. This indicates expectations for moderate future movement relative to historical averages. Volatility is commonly higher for smaller or less liquid equities due to wider spreads and thinner order books. For California Resources, measured downside deviation describes the intensity of negative return periods.
3 Months Beta |California Resources Corp Demand TrendCurrent 90-day California Resources correlation with market (Dow Jones Industrial)Downside Risk
California daily return dispersion, captured by standard deviation, sets the baseline volatility reading for this instrument. High standard deviation indicates a volatile instrument; low standard deviation indicates a more stable one. Shifting the lookback window for California reveals whether current dispersion is consistent with its longer-term pattern. Changes in California standard deviation over successive periods may signal shifts in the underlying return regime.
Standard Deviation | 2.63 |
An important distinction for California Resources is between total volatility and downside-only risk. Downside deviation and semi-deviation isolate the loss risk in California Resources' daily returns from favorable moves. Total dispersion for California Resources captures both favorable and adverse price swings. Downside deviation focuses exclusively on the adverse side of California Resources' return distribution. California Resources Corp (CRC) recorded a Downside Deviation of 3.43, a Downside Variance of 11.78, and a Maximum Drawdown of 16.90.
California Put Option Risk Profile Based on 2026-07-17 Contracts
California Resources Corp (CRC) recorded an Option Implied Volatility of 0.49 and an Option Max Pain Price of 57.50. Protective puts on California Resources are a standard downside risk instrument on California Stock. A put on California Stock gives the buyer the contractual right to sell California Resources shares at the strike before expiration. A put option on California Resources functions as an insurance policy for holders of California Resources' shares. This protective structure defines the worst-case exit price for California Resources while retaining full upside participation.
California Resources' PUT expiring on 2026-07-17
Profit |
| California Resources Price At Expiration |
Current California Resources Insurance Chain
| Delta | Gamma | Open Int | Expiration | Current Spread | Last Price | |||
| Put | CRC260717P00030000 | -0.030936 | 0.002637 | 57 | 2026-07-17 | 0.0 - 0.75 | 0.0 | View |
| Put | CRC260717P00035000 | -0.038143 | 0.003865 | 8 | 2026-07-17 | 0.0 - 0.75 | 0.0 | View |
| Put | CRC260717P00037500 | -0.042507 | 0.004718 | 1 | 2026-07-17 | 0.0 - 0.75 | 0.0 | View |
| Put | CRC260717P00040000 | -0.055237 | 0.006199 | 6 | 2026-07-17 | 0.0 - 0.95 | 0.0 | View |
| Put | CRC260717P00042500 | -0.085836 | 0.008519 | 5 | 2026-07-17 | 0.1 - 1.55 | 0.0 | View |
| Put | CRC260717P00045000 | -0.076852 | 0.009998 | 1 | 2026-07-17 | 0.1 - 1.0 | 0.0 | View |
| Put | CRC260717P00050000 | -0.134769 | 0.017497 | 3 | 2026-07-17 | 0.5 - 1.35 | 0.0 | View |
| Put | CRC260717P00052500 | -0.18288 | 0.022705 | 3 | 2026-07-17 | 0.65 - 1.9 | 0.0 | View |
| Put | CRC260717P00055000 | -0.258518 | 0.026938 | 3 | 2026-07-17 | 1.6 - 2.55 | 0.0 | View |
| Put | CRC260717P00057500 | -0.32776 | 0.033289 | 5 | 2026-07-17 | 1.95 - 3.2 | 0.0 | View |
| Put | CRC260717P00067500 | -0.639045 | 0.029119 | 1 | 2026-07-17 | 7.8 - 10.3 | 0.0 | View |
Stock Volatility Analysis
Tracking California Resources volatility quantifies the degree of price uncertainty over a given period. Highly volatile stocks like California Resources tend to experience wider price swings in both directions. Periods of high volatility for California Resources present both elevated risk and wider price ranges for traders. When California Resources experiences high volatility, its stock price shifts dramatically in a short period.
Transformation |
This analysis covers sixty-one data points across the selected time horizon. The Average Price transformation calculates the mean of California Resources Corp's open, high, low, and close for each trading period. By incorporating all four price components equally, it provides a balanced representation of each period's trading activity. Compared to using the closing price alone, the average price reduces the influence of end-of-day positioning and can serve as a smoother input for other technical indicators.
Projected Return Density Against Market
Over a 90-day investment horizon, California Resources Corp has a beta of -0.1129 suggesting that as returns on the benchmark increase, returns on California Resources tend to move in the opposite direction, though by a smaller magnitude. During a bear market, however, California Resources Corp tends to outperform the market.Market risk ties California Resources to macro cycles, whereas company or sector-specific developments represent independent drivers. Volatility metrics help measure this balance. California Resources Corp (CRC) recorded a Downside Deviation of 3.43, a Mean Deviation of 1.86, and an Option Implied Volatility of 0.49.
Predicted Return Distribution |
| Density |
What Drives California Resources' Price Volatility?
Industry Dynamics
Sector-level catalysts in the Oil, Gas & Consumable Fuels sector often set the baseline volatility regime for California Resources.Political and Economic Environment
Interest-rate path changes, geopolitical developments, and macro surprises influence investor risk tolerance.California Resources' Company-Specific Factors
Execution updates, margin trends, and corporate actions can shift near-term return dispersion for California Resources'.Stock Risk Measures
Over a 90-day investment horizon, the coefficient of variation of California Resources is 1996.87. The daily returns are distributed with a variance of 6.9 and standard deviation of 2.63. The mean deviation of California Resources Corp is currently at 1.86. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.96
α | Alpha over Dow Jones | 0.22 | |
β | Beta against Dow Jones | -0.1129 | |
σ | Overall volatility | 2.63 | |
Ir | Information ratio | 0.08 |
Stock Return Volatility
California Resources daily volatility tracks how widely stock returns have moved around the mean across the selected time frame. The firm reflects 2.6275% volatility on return distribution over a 90-day horizon. On the other hand, Dow Jones Industrial reported 0.9237% volatility on return distribution over a 90-day investment horizon. Performance |
| Timeline |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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Risk-Adjusted Indicators
Return momentum in California Stock is more useful when tested against peer-relative fundamentals and risk. Reviewing California Resources' risk-adjusted indicators gives a clearer view of whether returns are being earned efficiently. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MUR | 2.61 | 0.39 | 0.11 | -1.62 | 3.30 | 5.04 | 14.54 | |||
| MGY | 1.59 | 0.16 | 0.06 | -7.36 | 2.39 | 2.99 | 10.58 | |||
| MTDR | 2.28 | 0.38 | 0.13 | -1.31 | 2.74 | 4.93 | 13.62 | |||
| VAL | 3.35 | 0.81 | 0.21 | -0.70 | 3.28 | 7.22 | 43.78 | |||
| PBF | 3.29 | 0.35 | 0.07 | -0.75 | 4.60 | 7.51 | 25.51 | |||
| VVV | 1.76 | 0.13 | 0.07 | -1.13 | 1.68 | 4.79 | 10.49 | |||
| GPOR | 1.58 | -0.16 | 0.00 | 1.59 | 0.00 | 2.99 | 11.10 | |||
| UGP | 1.55 | 0.33 | 0.17 | 4.81 | 1.61 | 3.41 | 8.76 | |||
| VIST | 2.37 | 0.28 | 0.08 | -2.88 | 3.27 | 5.08 | 14.85 | |||
| BSM | 1.07 | -0.12 | 0.00 | 1.78 | 0.00 | 1.75 | 6.35 |
Risk Metrics, Assumptions & Methodology
Drawdown depth for California Resources defines the worst peak-to-trough loss observed, framing downside volatility in practical terms. Comparing drawdown depth across market phases shows whether downside risk is regime-dependent. California Resources has a market cap of 5.43 billion, P/E of 1.33, ROE of 10.07%.
California Resources Corp inputs come from periodic company reporting and market reference feeds and are mapped into a consistent reporting framework. Analyst inputs may be included when coverage is available. Volatility and downside metrics are estimated from historical return dispersion.
Editorial review and methodology oversight provided by: Gabriel Shpitalnik, Member of Macroaxis Editorial Board
Volatility Profile Summary
Recent data suggests that California Resources Corp is more volatile than Dow Jones Industrial by approximately 2.86x over the selected horizon. This differential reflects the relative dispersion of returns and frames how the asset responds to broader market conditions. Observed price behavior indicates modest directional movement within the current volatility regime. Across the current 90-day horizon, that places the security below 23% of the broader equity and portfolio universe on a pure volatility basis. This positioning reflects relative dispersion compared to peers rather than extreme instability.California Resources Corp exhibits characteristics that tend to dampen sensitivity to smaller market fluctuations within the current volatility regime. This price-change note interprets the latest move in the context of short-horizon trading behavior. It highlights whether the move looks ordinary, stressed, or unusually speculative for the instrument. an unexpected downward movement. The market is reacting to new fundamentals. Return distributions derived from historical modeling outline a range of potential outcomes over the selected 90-day horizon. View California Resources probability analysis.
Strong inverse diversification
Across the chosen horizon, California Resources and Dow Jones show a correlation of -0.48 and fall into the Strong inverse diversification bucket. This chart measures the degree of risk overlap between California Resources and Dow Jones.
Additional Risk Indicators
A broader risk-indicator set for California Resources Corp extends the analysis beyond standard volatility and risk measures. This is most informative when assessing whether the current opportunity is being compensated with reasonable risk.
| Risk Adjusted Performance | 0.0896 | |||
| Market Risk Adjusted Performance | -1.90 | |||
| Mean Deviation | 1.86 | |||
| Semi Deviation | 3.14 | |||
| Downside Deviation | 3.43 | |||
| Coefficient Of Variation | 1158.08 | |||
| Standard Deviation | 2.61 |
California Resources Suggested Diversification Pairs
A paired position built around California Resources Corp reduces directional market exposure while expressing a relative-value view. A disciplined pair structure still requires monitoring because correlation weakens when market regimes change.
Pair strategies reduce risk, but not all risk is diversifiable through pairing. Market-level risk for California Resources persists even in a well-constructed pair. The benefit is in offsetting California Resources' company-specific risk, which can be meaningfully reduced by selecting a second position that moves independently of California Resources Corp.