Championx Stock Market Value
| CHX Stock | USD 31.24 0.04 0.13% |
| Symbol | ChampionX |
ChampionX Price To Book Ratio
Is Oil & Gas Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ChampionX. If investors know ChampionX will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ChampionX listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.05) | Dividend Share 0.37 | Earnings Share 1.62 | Revenue Per Share 19.169 | Quarterly Revenue Growth (0.04) |
The market value of ChampionX is measured differently than its book value, which is the value of ChampionX that is recorded on the company's balance sheet. Investors also form their own opinion of ChampionX's value that differs from its market value or its book value, called intrinsic value, which is ChampionX's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ChampionX's market value can be influenced by many factors that don't directly affect ChampionX's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ChampionX's value and its price as these two are different measures arrived at by different means. Investors typically determine if ChampionX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ChampionX'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.
ChampionX '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 ChampionX'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 ChampionX.
| 09/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in ChampionX on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding ChampionX or generate 0.0% return on investment in ChampionX over 60 days. ChampionX is related to or competes with Expro Group, Ranger Energy, Cactus, MRC Global, TechnipFMC PLC, Now, and Baker Hughes. ChampionX Corporation provides chemistry solutions, and engineered equipment and technologies to oil and gas companies w... More
ChampionX 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 ChampionX'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 ChampionX upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.88 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 11.1 | |||
| Value At Risk | (3.32) | |||
| Potential Upside | 2.87 |
ChampionX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ChampionX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ChampionX's standard deviation. In reality, there are many statistical measures that can use ChampionX historical prices to predict the future ChampionX's volatility.| Risk Adjusted Performance | 0.0164 | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0108 |
ChampionX Backtested Returns
ChampionX secures Sharpe Ratio (or Efficiency) of -0.0121, which signifies that the company had a -0.0121% return per unit of standard deviation over the last 3 months. ChampionX exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ChampionX's mean deviation of 1.45, and Risk Adjusted Performance of 0.0164 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.59, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ChampionX will likely underperform. At this point, ChampionX has a negative expected return of -0.025%. Please make sure to confirm ChampionX's coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to decide if ChampionX performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.01 |
Virtually no predictability
ChampionX has virtually no predictability. Overlapping area represents the amount of predictability between ChampionX time series from 25th of September 2024 to 25th of October 2024 and 25th of October 2024 to 24th 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 ChampionX price movement. The serial correlation of 0.01 indicates that just 1.0% of current ChampionX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 1.59 |
ChampionX lagged returns against current returns
Autocorrelation, which is ChampionX 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 ChampionX's stock expected returns. We can calculate the autocorrelation of ChampionX returns to help us make a trade decision. For example, suppose you find that ChampionX 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 |
ChampionX 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 ChampionX stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ChampionX stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ChampionX stock over time.
Current vs Lagged Prices |
| Timeline |
ChampionX Lagged Returns
When evaluating ChampionX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ChampionX stock have on its future price. ChampionX 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, ChampionX autocorrelation shows the relationship between ChampionX stock current value and its past values and can show if there is a momentum factor associated with investing in ChampionX.
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.Additional Tools for ChampionX Stock Analysis
When running ChampionX's price analysis, check to measure ChampionX'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 ChampionX is operating at the current time. Most of ChampionX's value examination focuses on studying past and present price action to predict the probability of ChampionX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ChampionX's price. Additionally, you may evaluate how the addition of ChampionX to your portfolios can decrease your overall portfolio volatility.