Occidental Petroleum Has Achieved 90 percent of This Crucial Goal. Time to Buy the Oil Stock - The Motley Fool
| 0KAK Stock | 50.51 0.75 1.51% |
Slightly above 51% of Occidental Petroleum's private investors are presently thinking to get in. The analysis of overall sentiment of trading Occidental Petroleum Corp stock suggests that some investors are interested at this time. Occidental Petroleum's investing sentiment can be driven by a variety of factors including economic data, Occidental Petroleum's earnings reports, geopolitical events, and overall market trends.
Occidental Petroleum stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Occidental daily returns and investor perception about the current price of Occidental Petroleum Corp as well as its diversification or hedging effects on your existing portfolios.
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Occidental Petroleum Has Achieved 90 percent of This Crucial Goal. Time to Buy the Oil Stock The Motley Fool
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Occidental Petroleum Fundamental Analysis
We analyze Occidental Petroleum's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Occidental Petroleum using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Occidental Petroleum 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.
Beta
Beta Comparative Analysis
Occidental Petroleum is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Occidental Petroleum Corp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Occidental Petroleum stock to make a market-neutral strategy. Peer analysis of Occidental Petroleum could also be used in its relative valuation, which is a method of valuing Occidental Petroleum by comparing valuation metrics with similar companies.
Peers
Occidental Petroleum Related Equities
| 0I8F | Dentsply Sirona | 2.51 | ||||
| 0NY8 | Veolia Environnement | 2.07 | ||||
| 0JDP | Iron Mountain | 1.94 | ||||
| AA4 | Amedeo Air | 0.38 | ||||
| IEM | Impax Environmental | 0.13 | ||||
| PRV | Porvair Plc | 0.91 | ||||
| 0QZ4 | Delta Air | 1.48 | ||||
| ZIOC | Zanaga Iron | 3.03 |
Additional Tools for Occidental Stock Analysis
When running Occidental Petroleum's price analysis, check to measure Occidental Petroleum'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 Occidental Petroleum is operating at the current time. Most of Occidental Petroleum's value examination focuses on studying past and present price action to predict the probability of Occidental Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Occidental Petroleum's price. Additionally, you may evaluate how the addition of Occidental Petroleum to your portfolios can decrease your overall portfolio volatility.