Chevron Cdr Stock Year To Date Return
| CHEV Stock | 21.00 0.09 0.43% |
CHEVRON CDR fundamentals help investors to digest information that contributes to CHEVRON CDR's financial success or failures. It also enables traders to predict the movement of CHEVRON Stock. The fundamental analysis module provides a way to measure CHEVRON CDR's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to CHEVRON CDR stock.
CHEVRON |
CHEVRON CDR Company Year To Date Return Analysis
CHEVRON CDR's Year to Date Return (YTD) is the total return generated from holding a security from the beginning of the current fiscal year. In other words, YTD Return represents the capital appreciation of your investments from the start of the current fiscal year.
More About Year To Date Return | All Equity Analysis
YTD Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Year-To-Date typically refers to a period starting from the beginning of the current year and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.
| Competition |
In accordance with the company's disclosures, CHEVRON CDR has a Year To Date Return of 0.0%. This indicator is about the same for the Oil, Gas & Consumable Fuels average (which is currently at 0.0) sector and about the same as Energy (which currently averages 0.0) industry. This indicator is about the same for all Canada stocks average (which is currently at 0.0).
Did you try this?
Run Idea Breakdown Now
Idea BreakdownAnalyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes |
| All Next | Launch Module |
CHEVRON Fundamentals
| Current Valuation | 416.83 B | ||||
| Price To Book | 1.74 X | ||||
| Price To Sales | 1.42 X | ||||
| Gross Profit | 98.89 B | ||||
| Price To Earnings To Growth | 3.42 X | ||||
| Number Of Employees | 43.85 K | ||||
| Market Capitalization | 404.95 B | ||||
| Annual Yield | 0.01 % | ||||
| Last Dividend Paid | 6.52 |
About CHEVRON CDR Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CHEVRON CDR's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CHEVRON CDR using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CHEVRON CDR based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with CHEVRON CDR
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 CDR 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 CDR will appreciate offsetting losses from the drop in the long position's value.Moving against CHEVRON Stock
The ability to find closely correlated positions to CHEVRON CDR 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 CDR 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 CDR - 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 CDR to buy it.
The correlation of CHEVRON CDR 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 CDR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CHEVRON 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 CHEVRON CDR 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 CHEVRON Stock
CHEVRON CDR financial ratios help investors to determine whether CHEVRON 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 CHEVRON with respect to the benefits of owning CHEVRON CDR security.