Occidental Petroleum Stock Market Value
| OXY Stock | USD 48.55 0.34 0.70% |
| Symbol | Occidental |
Occidental Petroleum 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 Occidental Petroleum. If investors know Occidental 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 Occidental Petroleum 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 (0.18) | Dividend Share 0.88 | Earnings Share 2.24 | Revenue Per Share | Quarterly Revenue Growth (0.06) |
The market value of Occidental Petroleum is measured differently than its book value, which is the value of Occidental that is recorded on the company's balance sheet. Investors also form their own opinion of Occidental Petroleum's value that differs from its market value or its book value, called intrinsic value, which is Occidental Petroleum'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 Occidental Petroleum's market value can be influenced by many factors that don't directly affect Occidental Petroleum'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 Occidental Petroleum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Occidental Petroleum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Occidental Petroleum'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.
Occidental Petroleum '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 Occidental Petroleum'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 Occidental Petroleum.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Occidental Petroleum on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Occidental Petroleum or generate 0.0% return on investment in Occidental Petroleum over 30 days. Occidental Petroleum is related to or competes with Coterra Energy, Diamondback Energy, ConocoPhillips, EOG Resources, Devon Energy, APA, and Permian Resources. Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and developme... More
Occidental Petroleum 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 Occidental Petroleum'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 Occidental Petroleum upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.54 | |||
| Value At Risk | (2.88) | |||
| Potential Upside | 2.69 |
Occidental Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Occidental Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Occidental Petroleum's standard deviation. In reality, there are many statistical measures that can use Occidental Petroleum historical prices to predict the future Occidental Petroleum's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (0.10) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Occidental Petroleum'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.
Occidental Petroleum Backtested Returns
Occidental Petroleum maintains Sharpe Ratio (i.e., Efficiency) of -0.0275, which implies the firm had a -0.0275 % return per unit of risk over the last 3 months. Occidental Petroleum exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Occidental Petroleum's Coefficient Of Variation of (4,347), risk adjusted performance of (0.01), and Variance of 2.84 to confirm the risk estimate we provide. The company holds a Beta of 0.49, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Occidental Petroleum's returns are expected to increase less than the market. However, during the bear market, the loss of holding Occidental Petroleum is expected to be smaller as well. At this point, Occidental Petroleum has a negative expected return of -0.0472%. Please make sure to check Occidental Petroleum's skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Occidental Petroleum performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.61 |
Very good reverse predictability
Occidental Petroleum has very good reverse predictability. Overlapping area represents the amount of predictability between Occidental Petroleum time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Occidental Petroleum price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Occidental Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 1.88 |
Occidental Petroleum lagged returns against current returns
Autocorrelation, which is Occidental Petroleum 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 Occidental Petroleum's stock expected returns. We can calculate the autocorrelation of Occidental Petroleum returns to help us make a trade decision. For example, suppose you find that Occidental Petroleum 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 |
Occidental Petroleum 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 Occidental Petroleum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Occidental Petroleum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Occidental Petroleum stock over time.
Current vs Lagged Prices |
| Timeline |
Occidental Petroleum Lagged Returns
When evaluating Occidental Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Occidental Petroleum stock have on its future price. Occidental Petroleum 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, Occidental Petroleum autocorrelation shows the relationship between Occidental Petroleum stock current value and its past values and can show if there is a momentum factor associated with investing in Occidental Petroleum.
Regressed Prices |
| Timeline |
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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 Occidental Stock Analysis
When running Occidental Petroleum's price analysis, check to measure Occidental Petroleum'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 Occidental Petroleum is operating at the current time. Most of Occidental Petroleum's value examination focuses on studying past and present price action to predict the probability of Occidental Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Occidental Petroleum's price. Additionally, you may evaluate how the addition of Occidental Petroleum to your portfolios can decrease your overall portfolio volatility.