California Resources Price on November 29, 2024
| CRCQWDelisted Stock | USD 17.12 0.12 0.71% |
If you're considering investing in California Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of California Resources stands at 17.12, as last reported on the 1st of December, with the highest price reaching 17.18 and the lowest price hitting 17.00 during the day. California Resources appears to be slightly risky, given 3 months investment horizon. California Resources secures Sharpe Ratio (or Efficiency) of 0.0888, which signifies that the company had a 0.0888% return per unit of risk over the last 3 months. By analyzing California Resources' technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please makes use of California Resources' Mean Deviation of 6.33, risk adjusted performance of 0.068, and Downside Deviation of 8.7 to double-check if our risk estimates are consistent with your expectations.
California Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
California |
Sharpe Ratio = 0.0888
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Estimated Market Risk
| 6.87 actual daily | 61 61% of assets are less volatile |
Expected Return
| 0.61 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average California Resources is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of California Resources by adding it to a well-diversified portfolio.
California Resources Valuation on November 29, 2024
It is possible to determine the worth of California Resources on a given historical date. On November 29, 2024 California was worth 17.0 at the beginning of the trading date compared to the closed value of 17.12. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of California Resources pink sheet. Still, in general, we apply an absolute valuation method to find California Resources' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of California Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against California Resources' related companies.
| Open | High | Low | Close | Volume | |
| 16.70 | 16.70 | 15.98 | 16.56 | 124,800 | |
10/24/2024 | 17.00 | 17.18 | 17.00 | 17.12 | 1,517 |
| 17.00 | 17.18 | 17.00 | 17.12 | 0.00 |
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California Resources Trading Date Momentum on November 29, 2024
| On December 01 2024 California Resources was traded for 17.12 at the closing time. The highest daily price throughout the period was 17.18 and the lowest price was 17.00 . There was no trading activity during the period 0.0. Lack of trading volume on 12/01/2024 did not affect price variability. The overall trading delta to current closing price is 0.70% . |
California Resources Fundamentals Correlations and Trends
By evaluating California Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among California Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. California financial account trend analysis is a perfect complement when working with valuation or volatility modules.About California Resources Pink Sheet history
California Resources investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for California is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in California Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing California Resources stock prices may prove useful in developing a viable investing in California Resources
California Resources Corporation operates as an independent oil and natural gas company. The company was incorporated in 2014 and is based in Santa Clarita, California. CALIFORNIA RESOURCES operates under Oil Gas EP classification in the United States and is traded on OTC Exchange. It employs 970 people.
California Resources Pink Sheet Technical Analysis
California Resources technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.
Price Boundaries
California Resources Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
California Resources cannot be verified against its exchange. Please verify the symbol is currently traded on PINK Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
California Resources December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how California Resources pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading California Resources shares will generate the highest return on investment. By undertsting and applying California Resources pink sheet market strength indicators, traders can identify California Resources entry and exit signals to maximize returns
California Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for California Resources' price direction in advance. Along with the technical and fundamental analysis of California Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of California to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.068 | |||
| Jensen Alpha | 0.5201 | |||
| Total Risk Alpha | (0.84) | |||
| Sortino Ratio | 0.0659 | |||
| Treynor Ratio | 0.4939 |
| Cycle Indicators | ||
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| Math Transform | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Other Consideration for investing in California Pink Sheet
If you are still planning to invest in California Resources check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the California Resources' history and understand the potential risks before investing.
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