Chevron (Brazil) Market Value
| CHVX34 Stock | BRL 93.56 0.42 0.45% |
| Symbol | Chevron |
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.
| 06/17/2024 |
| 12/14/2024 |
If you would invest 0.00 in Chevron on June 17, 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 180 days. Chevron is related to or competes with Autohome, Spotify Technology, STMicroelectronics, Micron Technology, Electronic Arts, and Align Technology. 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.
| Downside Deviation | 1.45 | |||
| Information Ratio | 0.1308 | |||
| Maximum Drawdown | 7.35 | |||
| Value At Risk | (2.40) | |||
| Potential Upside | 3.24 |
Chevron Market Risk Indicators
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.| Risk Adjusted Performance | 0.1467 | |||
| Jensen Alpha | 0.3303 | |||
| Total Risk Alpha | 0.1003 | |||
| Sortino Ratio | 0.1411 | |||
| Treynor Ratio | (0.73) |
Chevron Backtested Returns
Chevron appears to be very steady, given 3 months investment horizon. Chevron secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Chevron, which you can use to evaluate the volatility of the firm. Please makes use of Chevron's risk adjusted performance of 0.1467, and Mean Deviation of 1.2 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chevron holds a performance score of 15. The firm shows a Beta (market volatility) of -0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Chevron are expected to decrease at a much lower rate. During the bear market, Chevron is likely to outperform the market. Please check Chevron's jensen alpha, maximum drawdown, and the relationship between the coefficient of variation and sortino ratio , to make a quick decision on whether Chevron's price patterns will revert.
Auto-correlation | -0.63 |
Very good reverse predictability
Chevron has very good reverse predictability. Overlapping area represents the amount of predictability between Chevron time series from 17th of June 2024 to 15th of September 2024 and 15th of September 2024 to 14th 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 -0.63 indicates that roughly 63.0% of current Chevron price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 39.53 |
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.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Chevron Stock
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.