Occidental Petroleum's market value is the price at which a share of Occidental Petroleum trades on a public exchange. It measures the collective expectations of Occidental Petroleum Corp investors about its performance. Occidental Petroleum is selling for under 47.93 as of the 25th of March 2025; that is 0.33% up since the beginning of the trading day. The stock's lowest day price was 47.57. With this module, you can estimate the performance of a buy and hold strategy of Occidental Petroleum Corp and determine expected loss or profit from investing in Occidental Petroleum over a given investment horizon. Check out Occidental Petroleum Correlation, Occidental Petroleum Volatility and Occidental Petroleum Alpha and Beta module to complement your research on Occidental Petroleum.
Please note, there is a significant difference between Occidental Petroleum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Occidental Petroleum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Occidental Petroleum's 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.
Occidental Petroleum 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Occidental Petroleum's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Occidental Petroleum.
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02/23/2025
No Change 0.00
0.0
In 30 days
03/25/2025
0.00
If you would invest 0.00 in Occidental Petroleum on February 23, 2025 and sell it all today you would earn a total of 0.00 from holding Occidental Petroleum Corp or generate 0.0% return on investment in Occidental Petroleum over 30 days. Occidental Petroleum is related to or competes with Smithson Investment, Seraphim Space, Fortune Brands, Trainline Plc, Broadcom, and American Homes. More
Occidental Petroleum Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Occidental Petroleum's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Occidental Petroleum Corp upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Occidental Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Occidental Petroleum's standard deviation. In reality, there are many statistical measures that can use Occidental Petroleum historical prices to predict the future Occidental Petroleum's volatility.
Currently, Occidental Petroleum Corp is very steady. Occidental Petroleum Corp maintains Sharpe Ratio (i.e., Efficiency) of close to zero, which implies the firm had a close to zero % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Occidental Petroleum Corp, which you can use to evaluate the volatility of the company. Please check Occidental Petroleum's Coefficient Of Variation of 10494.16, semi deviation of 1.7, and Risk Adjusted Performance of 0.0133 to confirm if the risk estimate we provide is consistent with the expected return of 0.0127%. The company holds a Beta of -0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Occidental Petroleum are expected to decrease at a much lower rate. During the bear market, Occidental Petroleum is likely to outperform the market. Occidental Petroleum Corp right now holds a risk of 1.73%. Please check Occidental Petroleum Corp downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Occidental Petroleum Corp will be following its historical price patterns.
Auto-correlation
-0.8
Almost perfect reverse predictability
Occidental Petroleum Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Occidental Petroleum time series from 23rd of February 2025 to 10th of March 2025 and 10th of March 2025 to 25th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Occidental Petroleum Corp price movement. The serial correlation of -0.8 indicates that around 80.0% of current Occidental Petroleum price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.8
Spearman Rank Test
-0.7
Residual Average
0.0
Price Variance
0.72
Occidental Petroleum Corp lagged returns against current returns
Autocorrelation, which is Occidental Petroleum stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Occidental Petroleum's stock expected returns. We can calculate the autocorrelation of Occidental Petroleum returns to help us make a trade decision. For example, suppose you find that Occidental Petroleum has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values
Timeline
Occidental Petroleum regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Occidental Petroleum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Occidental Petroleum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Occidental Petroleum stock over time.
Current vs Lagged Prices
Timeline
Occidental Petroleum Lagged Returns
When evaluating Occidental Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Occidental Petroleum stock have on its future price. Occidental Petroleum autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Occidental Petroleum autocorrelation shows the relationship between Occidental Petroleum stock current value and its past values and can show if there is a momentum factor associated with investing in Occidental Petroleum Corp.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
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.