Chevron (Germany) Market Value
| CHV Stock | 153.14 0.14 0.09% |
| Symbol | Chevron |
Chevron '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'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.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Chevron on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Chevron or generate 0.0% return on investment in Chevron over 30 days. Chevron is related to or competes with Aozora Bank, Dairy Farm, Siamgas, Sterling Construction, Ameriprise Financial, and DAIRY FARM. More
Chevron 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'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 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.18 | |||
| Information Ratio | 0.0766 | |||
| Maximum Drawdown | 5.86 | |||
| Value At Risk | (1.99) | |||
| Potential Upside | 2.14 |
Chevron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chevron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chevron's standard deviation. In reality, there are many statistical measures that can use Chevron historical prices to predict the future Chevron's volatility.| Risk Adjusted Performance | 0.1341 | |||
| Jensen Alpha | 0.223 | |||
| Total Risk Alpha | 0.0171 | |||
| Sortino Ratio | 0.0865 | |||
| Treynor Ratio | (3.62) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chevron's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Chevron Backtested Returns
Chevron appears to be very steady, given 3 months investment horizon. Chevron secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the company had a 0.22% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Chevron, which you can use to evaluate the volatility of the firm. Please makes use of Chevron's mean deviation of 0.9977, and Risk Adjusted Performance of 0.1341 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chevron holds a performance score of 16. The firm shows a Beta (market volatility) of -0.0597, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chevron are expected to decrease at a much lower rate. During the bear market, Chevron is likely to outperform the market. Please check Chevron's potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to make a quick decision on whether Chevron's price patterns will revert.
Auto-correlation | 0.32 |
Below average predictability
Chevron has below average predictability. Overlapping area represents the amount of predictability between Chevron time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Chevron price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 2.32 |
Chevron lagged returns against current returns
Autocorrelation, which is Chevron 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's stock expected returns. We can calculate the autocorrelation of Chevron returns to help us make a trade decision. For example, suppose you find that Chevron 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chevron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chevron stock over time.
Current vs Lagged Prices |
| Timeline |
Chevron Lagged Returns
When evaluating Chevron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chevron stock have on its future price. Chevron 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 autocorrelation shows the relationship between Chevron stock current value and its past values and can show if there is a momentum factor associated with investing in Chevron.
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's price analysis, check to measure Chevron'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 is operating at the current time. Most of Chevron's value examination focuses on studying past and present price action to predict the probability of Chevron'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's price. Additionally, you may evaluate how the addition of Chevron to your portfolios can decrease your overall portfolio volatility.