Exxon Mobil Cdr Stock Market Value
| XOM Stock | 20.73 0.24 1.17% |
| Symbol | Exxon |
Exxon '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 Exxon'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 Exxon.
| 12/30/2024 |
| 02/28/2025 |
If you would invest 0.00 in Exxon on December 30, 2024 and sell it all today you would earn a total of 0.00 from holding EXXON MOBIL CDR or generate 0.0% return on investment in Exxon over 60 days. Exxon is related to or competes with CNJ Capital, Metalero Mining, Perseus Mining, Data Communications, Black Mammoth, and Canadian General. More
Exxon 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 Exxon'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 EXXON MOBIL CDR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 8.58 | |||
| Value At Risk | (2.71) | |||
| Potential Upside | 1.68 |
Exxon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Exxon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Exxon's standard deviation. In reality, there are many statistical measures that can use Exxon historical prices to predict the future Exxon's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.22) |
EXXON MOBIL CDR Backtested Returns
EXXON MOBIL CDR secures Sharpe Ratio (or Efficiency) of -0.0648, which denotes the company had a -0.0648 % return per unit of volatility over the last 3 months. EXXON MOBIL CDR exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Exxon's Standard Deviation of 1.47, market risk adjusted performance of (0.21), and Mean Deviation of 1.11 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.48, which means possible diversification benefits within a given portfolio. As returns on the market increase, Exxon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Exxon is expected to be smaller as well. At this point, EXXON MOBIL CDR has a negative expected return of -0.0956%. Please make sure to confirm Exxon's daily balance of power, as well as the relationship between the day typical price and period momentum indicator , to decide if EXXON MOBIL CDR performance from the past will be repeated at some future point.
Auto-correlation | 0.39 |
Below average predictability
EXXON MOBIL CDR has below average predictability. Overlapping area represents the amount of predictability between Exxon time series from 30th of December 2024 to 29th of January 2025 and 29th of January 2025 to 28th 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 EXXON MOBIL CDR price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Exxon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
EXXON MOBIL CDR lagged returns against current returns
Autocorrelation, which is Exxon 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 Exxon's stock expected returns. We can calculate the autocorrelation of Exxon returns to help us make a trade decision. For example, suppose you find that Exxon 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 |
Exxon 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 Exxon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Exxon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Exxon stock over time.
Current vs Lagged Prices |
| Timeline |
Exxon Lagged Returns
When evaluating Exxon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Exxon stock have on its future price. Exxon 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, Exxon autocorrelation shows the relationship between Exxon stock current value and its past values and can show if there is a momentum factor associated with investing in EXXON MOBIL CDR.
Regressed Prices |
| Timeline |
Pair Trading with Exxon
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Exxon position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Exxon will appreciate offsetting losses from the drop in the long position's value.Moving against Exxon Stock
| 0.45 | ECN | ECN Capital Corp | PairCorr |
| 0.42 | GOOG | Alphabet CDR | PairCorr |
| 0.4 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.34 | SAGE | Sage Potash Corp | PairCorr |
The ability to find closely correlated positions to Exxon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Exxon when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Exxon - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling EXXON MOBIL CDR to buy it.
The correlation of Exxon is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Exxon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EXXON MOBIL CDR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Exxon can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Exxon Stock
Exxon financial ratios help investors to determine whether Exxon 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 Exxon with respect to the benefits of owning Exxon security.