Chevron's market value is the price at which a share of Chevron trades on a public exchange. It measures the collective expectations of Chevron investors about its performance. Chevron is trading at 138.10 as of the 31st of December 2024. This is a 0.29% down since the beginning of the trading day. The stock's lowest day price was 137.76. With this module, you can estimate the performance of a buy and hold strategy of Chevron and determine expected loss or profit from investing in Chevron over a given investment horizon. Check out Chevron Correlation, Chevron Volatility and Chevron Alpha and Beta module to complement your research on Chevron.
Please note, there is a significant difference between Chevron's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chevron is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chevron's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Chevron 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Chevron's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Chevron.
0.00
12/01/2024
No Change 0.00
0.0
In 31 days
12/31/2024
0.00
If you would invest 0.00 in Chevron on December 1, 2024 and sell it all today you would earn a total of 0.00 from holding Chevron or generate 0.0% return on investment in Chevron over 30 days. Chevron is related to or competes with Performance Food, PennantPark Investment, United Natural, AUSTEVOLL SEAFOOD, EAT WELL, Lifeway Foods, and Gladstone Investment. Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwi... More
Chevron Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Chevron's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Chevron upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chevron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chevron's standard deviation. In reality, there are many statistical measures that can use Chevron historical prices to predict the future Chevron's volatility.
At this point, Chevron is very steady. Chevron secures Sharpe Ratio (or Efficiency) of 0.0378, which signifies that the company had a 0.0378% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Chevron, which you can use to evaluate the volatility of the firm. Please confirm Chevron's mean deviation of 1.08, and Risk Adjusted Performance of 0.0765 to double-check if the risk estimate we provide is consistent with the expected return of 0.0535%. Chevron has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chevron's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chevron is expected to be smaller as well. Chevron right now shows a risk of 1.42%. Please confirm Chevron semi deviation, jensen alpha, maximum drawdown, as well as the relationship between the coefficient of variation and sortino ratio , to decide if Chevron will be following its price patterns.
Auto-correlation
0.67
Good predictability
Chevron has good predictability. Overlapping area represents the amount of predictability between Chevron time series from 1st of December 2024 to 16th of December 2024 and 16th of December 2024 to 31st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Chevron price movement. The serial correlation of 0.67 indicates that around 67.0% of current Chevron price fluctuation can be explain by its past prices.
Correlation Coefficient
0.67
Spearman Rank Test
0.42
Residual Average
0.0
Price Variance
4.51
Chevron lagged returns against current returns
Autocorrelation, which is Chevron stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Chevron's stock expected returns. We can calculate the autocorrelation of Chevron returns to help us make a trade decision. For example, suppose you find that Chevron has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values
Timeline
Chevron regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Chevron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chevron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chevron stock over time.
Current vs Lagged Prices
Timeline
Chevron Lagged Returns
When evaluating Chevron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chevron stock have on its future price. Chevron autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Chevron autocorrelation shows the relationship between Chevron stock current value and its past values and can show if there is a momentum factor associated with investing in Chevron.
Chevron financial ratios help investors to determine whether Chevron Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Chevron with respect to the benefits of owning Chevron security.