California Resources Corp Stock Market Value
| CRC Stock | USD 51.21 0.21 0.41% |
| Symbol | California |
California Resources Corp Price To Book Ratio
Is Oil & Gas Exploration & Production 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 California Resources. If investors know California 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 California Resources 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 (0.92) | Dividend Share 1.318 | Earnings Share 7.02 | Revenue Per Share | Quarterly Revenue Growth 0.502 |
The market value of California Resources Corp is measured differently than its book value, which is the value of California that is recorded on the company's balance sheet. Investors also form their own opinion of California Resources' value that differs from its market value or its book value, called intrinsic value, which is California Resources' 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 California Resources' market value can be influenced by many factors that don't directly affect California Resources' 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 California Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if California Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, California Resources' 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.
California Resources '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 California Resources' 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 California Resources.
| 02/10/2023 |
| 01/30/2025 |
If you would invest 0.00 in California Resources on February 10, 2023 and sell it all today you would earn a total of 0.00 from holding California Resources Corp or generate 0.0% return on investment in California Resources over 720 days. California Resources is related to or competes with Berry Petroleum, Magnolia Oil, Comstock Resources, Gulfport Energy, Evolution Petroleum, GeoPark, and Granite Ridge. California Resources Corporation operates as an independent oil and natural gas company More
California Resources 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 California Resources' 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 California Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 9.38 | |||
| Value At Risk | (3.11) | |||
| Potential Upside | 3.63 |
California Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for California Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as California Resources' standard deviation. In reality, there are many statistical measures that can use California Resources historical prices to predict the future California Resources' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.11) |
California Resources Corp Backtested Returns
At this point, California Resources is very steady. California Resources Corp secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of risk over the last 3 months. We have found twenty-three technical indicators for California Resources Corp, which you can use to evaluate the volatility of the firm. Please confirm California Resources' Mean Deviation of 1.39, standard deviation of 1.92, and insignificant Risk Adjusted Performance to double-check if the risk estimate we provide is consistent with the expected return of 4.0E-4%. The firm shows a Beta (market volatility) of 0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, California Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding California Resources is expected to be smaller as well. California Resources Corp right now shows a risk of 2.02%. Please confirm California Resources Corp treynor ratio, accumulation distribution, price action indicator, as well as the relationship between the potential upside and day median price , to decide if California Resources Corp will be following its price patterns.
Auto-correlation | 0.10 |
Insignificant predictability
California Resources Corp has insignificant predictability. Overlapping area represents the amount of predictability between California Resources time series from 10th of February 2023 to 5th of February 2024 and 5th of February 2024 to 30th of January 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 California Resources Corp price movement. The serial correlation of 0.1 indicates that less than 10.0% of current California Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 9.7 |
California Resources Corp lagged returns against current returns
Autocorrelation, which is California Resources 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 California Resources' stock expected returns. We can calculate the autocorrelation of California Resources returns to help us make a trade decision. For example, suppose you find that California Resources 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 |
California Resources 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 California Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if California Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in California Resources stock over time.
Current vs Lagged Prices |
| Timeline |
California Resources Lagged Returns
When evaluating California Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of California Resources stock have on its future price. California Resources 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, California Resources autocorrelation shows the relationship between California Resources stock current value and its past values and can show if there is a momentum factor associated with investing in California Resources 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 determining whether California Resources Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of California Resources' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of California Resources Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on California Resources Corp Stock:Check out California Resources Correlation, California Resources Volatility and California Resources Alpha and Beta module to complement your research on California Resources. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
California Resources technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.