Chevron Cdr Stock Market Value
| CHEV Stock | 21.73 0.35 1.64% |
| Symbol | CHEVRON |
CHEVRON CDR '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 CDR'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 CDR.
| 12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in CHEVRON CDR on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding CHEVRON CDR or generate 0.0% return on investment in CHEVRON CDR over 360 days. CHEVRON CDR is related to or competes with Northstar Clean, Lion One, Primaris Retail, Air Canada, CVW CleanTech, Arbor Metals, and Rocky Mountain. CHEVRON CDR is entity of Canada. It is traded as Stock on NEO exchange. More
CHEVRON CDR 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 CDR'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 CDR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.31 | |||
| Information Ratio | 0.0252 | |||
| Maximum Drawdown | 4.92 | |||
| Value At Risk | (1.87) | |||
| Potential Upside | 1.94 |
CHEVRON CDR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CHEVRON CDR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CHEVRON CDR's standard deviation. In reality, there are many statistical measures that can use CHEVRON CDR historical prices to predict the future CHEVRON CDR's volatility.| Risk Adjusted Performance | 0.1073 | |||
| Jensen Alpha | 0.1206 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0228 | |||
| Treynor Ratio | 0.6108 |
CHEVRON CDR Backtested Returns
At this point, CHEVRON CDR is very steady. CHEVRON CDR secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for CHEVRON CDR, which you can use to evaluate the volatility of the firm. Please confirm CHEVRON CDR's Mean Deviation of 0.9215, downside deviation of 1.31, and Risk Adjusted Performance of 0.1073 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. CHEVRON CDR has a performance score of 11 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CHEVRON CDR's returns are expected to increase less than the market. However, during the bear market, the loss of holding CHEVRON CDR is expected to be smaller as well. CHEVRON CDR at this time shows a risk of 1.18%. Please confirm CHEVRON CDR downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if CHEVRON CDR will be following its price patterns.
Auto-correlation | -0.15 |
Insignificant reverse predictability
CHEVRON CDR has insignificant reverse predictability. Overlapping area represents the amount of predictability between CHEVRON CDR time series from 3rd of December 2023 to 31st of May 2024 and 31st of May 2024 to 27th of November 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 CDR price movement. The serial correlation of -0.15 indicates that less than 15.0% of current CHEVRON CDR price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.66 |
CHEVRON CDR lagged returns against current returns
Autocorrelation, which is CHEVRON CDR 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 CDR's stock expected returns. We can calculate the autocorrelation of CHEVRON CDR returns to help us make a trade decision. For example, suppose you find that CHEVRON CDR 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 CDR 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 CDR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CHEVRON CDR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CHEVRON CDR stock over time.
Current vs Lagged Prices |
| Timeline |
CHEVRON CDR Lagged Returns
When evaluating CHEVRON CDR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CHEVRON CDR stock have on its future price. CHEVRON CDR 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 CDR autocorrelation shows the relationship between CHEVRON CDR stock current value and its past values and can show if there is a momentum factor associated with investing in CHEVRON CDR.
Regressed Prices |
| Timeline |
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 together with CHEVRON Stock
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.