Chevron Price To Sales vs. Book Value Per Share
| CHV Stock | 147.10 0.78 0.53% |
For Chevron profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Chevron to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Chevron utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Chevron's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Chevron over time as well as its relative position and ranking within its peers.
Chevron |
Chevron Book Value Per Share vs. Price To Sales Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Chevron's current stock value. Our valuation model uses many indicators to compare Chevron value to that of its competitors to determine the firm's financial worth. Chevron is rated below average in price to sales category among its peers. It is number one stock in book value per share category among its peers creating about 61.57 of Book Value Per Share per Price To Sales. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Chevron's earnings, one of the primary drivers of an investment's value.Chevron Book Value Per Share vs. Price To Sales
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Chevron |
| = | 1.35 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
Chevron |
| = | 83.17 X |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
Chevron Book Value Per Share Comparison
Chevron is currently under evaluation in book value per share category among its peers.
Chevron Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Chevron. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Chevron position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Chevron's important profitability drivers and their relationship over time.
Use Chevron in pair-trading
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 Chevron 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 Chevron will appreciate offsetting losses from the drop in the long position's value.Chevron Pair Trading
Chevron Pair Trading Analysis
The ability to find closely correlated positions to Chevron could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chevron 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 Chevron - 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 Chevron to buy it.
The correlation of Chevron 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 Chevron moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chevron 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 Chevron 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.Use Investing Themes to Complement your Chevron position
In addition to having Chevron in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run High Yield ETFs Thematic Idea Now
High Yield ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The High Yield ETFs theme has 106 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize High Yield ETFs Theme or any other thematic opportunities.
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Additional Tools for Chevron Stock Analysis
When running Chevron's price analysis, check to measure Chevron'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 is operating at the current time. Most of Chevron's value examination focuses on studying past and present price action to predict the probability of Chevron'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's price. Additionally, you may evaluate how the addition of Chevron to your portfolios can decrease your overall portfolio volatility.