Chevron Corp Stock Market Value
| CVX Stock | USD 162.11 0.42 0.26% |
| Symbol | Chevron |
Chevron Corp Price To Book Ratio
Is Oil, Gas & Consumable Fuels space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Chevron Corp. If investors know Chevron will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Chevron Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.29) | Dividend Share 6.4 | Earnings Share 9.09 | Revenue Per Share 104.595 | Quarterly Revenue Growth (0.06) |
The market value of Chevron Corp is measured differently than its book value, which is the value of Chevron that is recorded on the company's balance sheet. Investors also form their own opinion of Chevron Corp's value that differs from its market value or its book value, called intrinsic value, which is Chevron Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Chevron Corp's market value can be influenced by many factors that don't directly affect Chevron Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Chevron Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chevron Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chevron Corp'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 Corp '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 Corp'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 Corp.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Chevron Corp on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Chevron Corp or generate 0.0% return on investment in Chevron Corp over 30 days. Chevron Corp is related to or competes with BP PLC, Shell PLC, Petroleo Brasileiro, Suncor Energy, TotalEnergies, Exxon, and Equinor ASA. Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide More
Chevron Corp 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 Corp'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 Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.21 | |||
| Information Ratio | 0.0244 | |||
| Maximum Drawdown | 5.13 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 2.21 |
Chevron Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chevron Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chevron Corp's standard deviation. In reality, there are many statistical measures that can use Chevron Corp historical prices to predict the future Chevron Corp's volatility.| Risk Adjusted Performance | 0.107 | |||
| Jensen Alpha | 0.0684 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0237 | |||
| Treynor Ratio | 0.2226 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chevron Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Chevron Corp Backtested Returns
At this stage we consider Chevron Stock to be very steady. Chevron Corp secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Chevron Corp, which you can use to evaluate the volatility of the firm. Please confirm Chevron Corp's mean deviation of 0.8983, and Risk Adjusted Performance of 0.107 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. Chevron Corp has a performance score of 11 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.67, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chevron Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chevron Corp is expected to be smaller as well. Chevron Corp right now shows a risk of 1.19%. Please confirm Chevron Corp potential upside, and the relationship between the jensen alpha and accumulation distribution , to decide if Chevron Corp will be following its price patterns.
Auto-correlation | 0.72 |
Good predictability
Chevron Corp has good predictability. Overlapping area represents the amount of predictability between Chevron Corp time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Corp price movement. The serial correlation of 0.72 indicates that around 72.0% of current Chevron Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 2.24 |
Chevron Corp lagged returns against current returns
Autocorrelation, which is Chevron Corp 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 Corp's stock expected returns. We can calculate the autocorrelation of Chevron Corp returns to help us make a trade decision. For example, suppose you find that Chevron Corp 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 Corp 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 Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chevron Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chevron Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Chevron Corp Lagged Returns
When evaluating Chevron Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chevron Corp stock have on its future price. Chevron Corp 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 Corp autocorrelation shows the relationship between Chevron Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Chevron Corp.
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.Additional Tools for Chevron Stock Analysis
When running Chevron Corp's price analysis, check to measure Chevron Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Chevron Corp is operating at the current time. Most of Chevron Corp's value examination focuses on studying past and present price action to predict the probability of Chevron Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chevron Corp's price. Additionally, you may evaluate how the addition of Chevron Corp to your portfolios can decrease your overall portfolio volatility.