California Resources Corp Stock Statistic Functions Beta

CRC Stock  USD 58.56  0.51  0.88%   
California Resources statistic functions tool provides the execution environment for running the Beta function and other technical functions against California Resources. California Resources value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Beta function function is designed to identify and follow existing trends. California Resources statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

Execute Function
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on California Resources Corp correlated with the market. If Beta is less than 0 California Resources generally moves in the opposite direction as compared to the market. If California Resources Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one California Resources Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of California Resources is generally in the same direction as the market. If Beta > 1 California Resources moves generally in the same direction as, but more than the movement of the benchmark.

California Resources Technical Analysis Modules

Most technical analysis of California Resources help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for California from various momentum indicators to cycle indicators. When you analyze California charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About California Resources Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of California Resources Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of California Resources Corp based on widely used predictive technical indicators. In general, we focus on analyzing California Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build California Resources's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of California Resources's intrinsic value. In addition to deriving basic predictive indicators for California Resources, we also check how macroeconomic factors affect California Resources price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2022 2023 2024 (projected)
Dividend Yield0.0180.02130.0202
Price To Sales Ratio1.011.351.44
Hype
Prediction
LowEstimatedHigh
56.4658.6560.84
Details
Intrinsic
Valuation
LowRealHigh
52.7062.5664.75
Details
10 Analysts
Consensus
LowTargetHigh
62.7969.0076.59
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.830.971.09
Details

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When determining whether California Resources Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of California Resources' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of California Resources Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on California Resources Corp Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in California Resources Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Is Oil & Gas Exploration & Production 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 California Resources. If investors know California 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 California Resources 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
(0.92)
Dividend Share
1.318
Earnings Share
7.02
Revenue Per Share
35.122
Quarterly Revenue Growth
0.502
The market value of California Resources Corp is measured differently than its book value, which is the value of California that is recorded on the company's balance sheet. Investors also form their own opinion of California Resources' value that differs from its market value or its book value, called intrinsic value, which is California Resources' 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 California Resources' market value can be influenced by many factors that don't directly affect California Resources' 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 California Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if California Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, California Resources' 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.