Chevron Corp (UK) Market Value
| 0R2Q Stock | 156.26 1.85 1.17% |
| Symbol | Chevron |
Chevron Corp '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 Chevron Corp'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 Chevron Corp.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Chevron Corp on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Chevron Corp or generate 0.0% return on investment in Chevron Corp over 30 days. Chevron Corp is related to or competes with DXC Technology, Ashtead Technology, Aeorema Communications, Team Internet, Polar Capital, Spirent Communications, and Allianz Technology. Chevron Corp is entity of United Kingdom More
Chevron Corp 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 Chevron Corp'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 Chevron Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.74 | |||
| Information Ratio | 0.048 | |||
| Maximum Drawdown | 53.17 | |||
| Value At Risk | (2.30) | |||
| Potential Upside | 2.1 |
Chevron Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chevron Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chevron Corp's standard deviation. In reality, there are many statistical measures that can use Chevron Corp historical prices to predict the future Chevron Corp's volatility.| Risk Adjusted Performance | 0.0557 | |||
| Jensen Alpha | 0.4233 | |||
| Total Risk Alpha | (0.71) | |||
| Sortino Ratio | 0.0531 | |||
| Treynor Ratio | 1.11 |
Chevron Corp Backtested Returns
Chevron Corp appears to be very steady, given 3 months investment horizon. Chevron Corp secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of standard deviation over the last 3 months. By analyzing Chevron Corp's technical indicators, you can evaluate if the expected return of 0.98% is justified by implied risk. Please makes use of Chevron Corp's mean deviation of 2.09, and Risk Adjusted Performance of 0.0557 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chevron Corp holds a performance score of 12. The firm shows a Beta (market volatility) of 0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chevron Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chevron Corp is expected to be smaller as well. Please check Chevron Corp's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Chevron Corp's price patterns will revert.
Auto-correlation | -0.7 |
Very good reverse predictability
Chevron Corp has very good reverse predictability. Overlapping area represents the amount of predictability between Chevron Corp time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Chevron Corp price movement. The serial correlation of -0.7 indicates that around 70.0% of current Chevron Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 6.3 |
Chevron Corp lagged returns against current returns
Autocorrelation, which is Chevron Corp 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 Chevron Corp's stock expected returns. We can calculate the autocorrelation of Chevron Corp returns to help us make a trade decision. For example, suppose you find that Chevron Corp 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 |
Chevron Corp 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 Chevron Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chevron Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chevron Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Chevron Corp Lagged Returns
When evaluating Chevron Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chevron Corp stock have on its future price. Chevron Corp 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, Chevron Corp autocorrelation shows the relationship between Chevron Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Chevron Corp.
Regressed Prices |
| Timeline |
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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.Additional Tools for Chevron Stock Analysis
When running Chevron Corp's price analysis, check to measure Chevron Corp'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 Chevron Corp is operating at the current time. Most of Chevron Corp's value examination focuses on studying past and present price action to predict the probability of Chevron Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chevron Corp's price. Additionally, you may evaluate how the addition of Chevron Corp to your portfolios can decrease your overall portfolio volatility.