Patterson UTI Energy Stock Volatility
| PTEN Stock | USD 11.86 0.44 3.85% |
Sharpe Ratio = 0.1719
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For Patterson UTI Energy, recent data highlights a Market Risk Adjusted Performance of -0.6%, a Risk of 3.32, and a Risk Adjusted Performance of 0.2%. Moving average data positions the stock near 13% of its recent return envelope.
Key indicators related to Patterson UTI's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Key risk metrics for Patterson UTI (3 Months):
Beta -1.06 | Alpha 0.63 | Risk 3.32 | Sharpe Ratio 0.17 | Expected Return 0.57 |
Assets With Similar Volatility
| 0.8 | HP | Helmerich and Payne | PairCorr |
| 0.83 | NE | Noble plc | PairCorr |
| 0.88 | NBR | Nabors Industries | PairCorr |
| 0.71 | PDS | Precision Drilling | PairCorr |
| 0.78 | SDRL | Seadrill Limited | PairCorr |
| 0.78 | PLUG | Plug Power Buyout Trend | PairCorr |
| 0.76 | DAWN | Day One Biopharmaceuticals Earnings Call Tomorrow | PairCorr |
| 0.61 | CMPR | Cimpress NV | PairCorr |
Lower Correlation Assets
| 0.83 | INFY | Infosys Ltd ADR | PairCorr |
| 0.8 | GRAB | Grab Holdings | PairCorr |
| 0.75 | SOFI | SoFi Technologies | PairCorr |
| 0.71 | CAPD | Capital Drilling | PairCorr |
| 0.55 | RXRX | Recursion Pharmaceuticals | PairCorr |
Sensitivity To Market
The beta coefficient of -1.06 for Patterson UTI Energy measures how its returns respond to broader market changes. In regression terms, beta captures the slope between asset returns and index returns. Historical volatility is currently near 3.32%. This analysis separates observed movement from interpretation for Patterson UTI Energy. Standard deviation (3.4%) and downside deviation (3.87%) describe the range without implying direction. Options markets imply a forward-looking volatility estimate near 241.0%. This suggests the market is pricing in the possibility of wider future price swings compared to recent historical dispersion. For individual stocks, volatility often rises around earnings, guidance updates, and major company news.
3 Months Beta |Patterson UTI Energy Demand TrendCurrent 90-day Patterson UTI correlation with market (Dow Jones Industrial)Downside Risk
Patterson UTI standard deviation over the selected horizon reflects the magnitude of daily price swings relative to the historical average. A rising standard deviation for Patterson UTI over successive periods signals increasing price uncertainty.
Standard Deviation | 3.32 |
Understanding the asymmetry between upside and downside risk is critical for Patterson UTI analysis. Total price dispersion includes upside, while downside deviation captures only loss risk in Patterson UTI's returns. For Patterson UTI Energy, recent data highlights a Downside Deviation of 3.87, a Downside Variance of 14.99, and a Maximum Drawdown of 15.55.
Patterson UTI Put Option Risk Profile Based on 2026-05-15 Contracts
For Patterson UTI Energy, recent data highlights an Option Implied Volatility of 2.41 and an Option Max Pain Price of -1. A put option on Patterson UTI gives the holder the right, but not the obligation, to sell Patterson UTI shares at a predetermined strike. The put holder retains the right to sell a fixed amount of Patterson UTI Stock at the agreed strike within the option's life.
Patterson UTI's PUT expiring on 2026-06-18
Profit |
| Patterson UTI Price At Expiration |
Current Patterson UTI Insurance Chain
| Delta | Gamma | Open Int | Expiration | Current Spread | Last Price | |||
| Put | PTEN260515P00001000 | -0.003809 | 8.0E-4 | 7 | 2026-05-15 | 0.0 - 0.05 | 0.0 | View |
| Put | PTEN260515P00002000 | -0.005823 | 0.001645 | 1 | 2026-05-15 | 0.0 - 0.05 | 0.0 | View |
| Put | PTEN260515P00004000 | -0.00991 | 0.004237 | 91 | 2026-05-15 | 0.0 - 0.05 | 0.0 | View |
| Put | PTEN260515P00005000 | -0.012372 | 0.006361 | 121 | 2026-05-15 | 0.0 - 0.05 | 0.0 | View |
| Put | PTEN260515P00006000 | -0.025084 | 0.012797 | 289 | 2026-05-15 | 0.0 - 0.1 | 0.0 | View |
| Put | PTEN260515P00007000 | -0.068458 | 0.027038 | 72 | 2026-05-15 | 0.0 - 0.35 | 0.0 | View |
| Put | PTEN260515P00008000 | -0.061767 | 0.0365 | 19 | 2026-05-15 | 0.0 - 0.2 | 0.0 | View |
| Put | PTEN260515P00009000 | -0.052005 | 0.049911 | 526 | 2026-05-15 | 0.0 - 0.1 | 0.0 | View |
| Put | PTEN260515P00010000 | -0.040064 | 0.072443 | 207 | 2026-05-15 | 0.0 - 0.05 | 0.0 | View |
| Put | PTEN260515P00011000 | -0.123423 | 0.256794 | 580 | 2026-05-15 | 0.0 - 0.1 | 0.0 | View |
| Put | PTEN260515P00012000 | -0.568907 | 0.574023 | 236 | 2026-05-15 | 0.35 - 0.45 | 0.0 | View |
Stock Volatility Analysis
Volatility is a statistical measure of the dispersion of Patterson UTI stock returns over a given period of time. Volatility measures how much Patterson UTI's stock price deviates from its average over a period.
Transformation |
This analysis covers sixty-one data points across the selected time horizon. The Average Price transformation calculates the mean of Patterson UTI Energy'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
Given a 90-day horizon, Patterson UTI Energy has a beta of -1.0632 indicatingPatterson UTI carries exposure to broad market movements as well as company or sector-specific developments. While portfolio diversification can reduce asset-level risk, systematic volatility cannot be avoided. Standard deviation and beta quantify this exposure. For Patterson UTI Energy, recent data highlights a Downside Deviation of 3.87, a Mean Deviation of 2.55, and an Option Implied Volatility of 2.41.
Predicted Return Distribution |
| Density |
What Drives Patterson UTI's Price Volatility?
Industry Dynamics
Competitive pressure, margin shifts, or structural changes in the Energy Equipment & Services sector can alter Patterson UTI's day-to-day volatility profile.Political and Economic Environment
Broad market tone, policy uncertainty, and recession or expansion signals shape volatility conditions for Patterson UTI.Patterson UTI's Company-Specific Factors
Unexpected business updates, leadership changes, or legal outcomes can drive outsized moves in Patterson UTI's stock.Stock Risk Measures
Given a 90-day horizon, the coefficient of variation of Patterson UTI is 581.61. The daily returns are distributed with a variance of 11.04 and standard deviation of 3.32. The mean deviation of Patterson UTI Energy is currently at 2.46. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.95
α | Alpha over Dow Jones | 0.63 | |
β | Beta against Dow Jones | -1.0632 | |
σ | Overall volatility | 3.32 | |
Ir | Information ratio | 0.17 |
Stock Return Volatility
Volatility for Patterson UTI quantifies the day-to-day dispersion of stock returns around their historical average. The firm carries 3.3228% return volatility across the 90-day horizon. As a benchmark, Dow Jones Industrial reported 0.9314% 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
Headline performance for Patterson UTI Stock may not fully reflect how the business compares across its competitive set. Peer-relative risk metrics add context on drawdown behavior, consistency, and return quality. 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HP | 1.97 | 0.19 | 0.06 | -4.05 | 2.64 | 4.44 | 13.18 | |||
| OII | 2.57 | 0.39 | 0.14 | 0.58 | 2.63 | 4.64 | 15.43 | |||
| INSW | 2.18 | 0.66 | 0.27 | 0.81 | 2.13 | 4.36 | 9.92 | |||
| DKL | 1.42 | 0.01 | 0.00 | 0.08 | 1.92 | 2.87 | 10.31 | |||
| DK | 3.13 | 0.60 | 0.15 | -2.57 | 3.56 | 8.30 | 21.96 | |||
| TDW | 2.26 | 0.41 | 0.14 | 1.46 | 2.54 | 4.24 | 14.78 | |||
| CRGY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KNTK | 1.65 | 0.27 | 0.12 | -1.83 | 1.78 | 3.14 | 14.03 | |||
| GEL | 1.01 | -0.15 | 0.00 | 1.83 | 0.00 | 1.88 | 5.67 | |||
| CIVI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Risk Metrics, Assumptions & Methodology
Drawdown depth for Patterson UTI defines the worst peak-to-trough loss observed, framing downside volatility in practical terms. Downside movements have historically remained relatively contained. Patterson UTI has a market cap of 4.5 billion, P/E of 37.63, ROE of -3.6%.
Patterson UTI Energy data is compiled from periodic company reporting and market reference feeds and standardized for comparability. 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: Rifka Kats, Member of Macroaxis Editorial Board
Volatility Profile Summary
Recent data suggests that Patterson UTI Energy is more volatile than Dow Jones Industrial by approximately 3.57x 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 29% of the broader equity and portfolio universe on a pure volatility basis. This positioning reflects relative dispersion compared to peers rather than extreme instability.Patterson UTI Energy with characteristics aligned to broad market upside participation. This short-horizon analysis focuses on what the latest move may imply for immediate market context. It is intended to separate routine noise from more speculative bursts in price action. an unexpected upward trend with elevated sensitivity to market signals. Return distributions derived from historical modeling outline a range of potential outcomes over the selected 90-day horizon. View Patterson UTI probability analysis.
Strong inverse diversification
Patterson UTI currently posts a -0.3 correlation with Dow Jones, indicating a Strong inverse diversification relationship for the active sample. This chart measures the degree of risk overlap between Patterson UTI and Dow Jones.
Additional Risk Indicators
Looking at additional risk metrics for Patterson UTI Energy frames how the position may behave under different market and portfolio conditions. These measures support both standalone risk assessment and portfolio-level analysis.
| Risk Adjusted Performance | 0.1818 | |||
| Market Risk Adjusted Performance | -0.57 | |||
| Mean Deviation | 2.55 | |||
| Semi Deviation | 3.14 | |||
| Downside Deviation | 3.87 | |||
| Coefficient Of Variation | 545.58 | |||
| Standard Deviation | 3.4 |
Patterson UTI Suggested Diversification Pairs
Pair trading with Patterson UTI hedges company-specific exposure by balancing a long view with an offsetting position. This structure emphasizes relative performance differences between paired assets rather than broad market direction.
Risk reduction through pair trading is real but has limits - not every type of exposure can be offset by a second leg. Patterson UTI's exposure to overall market risk stays intact regardless of pairing. The value of a second leg lies in reducing Patterson UTI's idiosyncratic risk - the part that comes from company-level events rather than macro conditions.