Chevron Corp (Argentina) Market Value
| CVX Stock | ARS 11,200 125.00 1.10% |
| 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.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Chevron Corp on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Chevron Corp CEDEAR or generate 0.0% return on investment in Chevron Corp over 720 days. Chevron Corp is related to or competes with Telecom Argentina, Compania, Harmony Gold, United States, and Agrometal SAI. Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwi... 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 CEDEAR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 6.99 | |||
| Value At Risk | (2.61) | |||
| Potential Upside | 2.43 |
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 | (0.03) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | 0.47 |
Chevron Corp CEDEAR Backtested Returns
Chevron Corp CEDEAR secures Sharpe Ratio (or Efficiency) of -0.0586, which signifies that the company had a -0.0586% return per unit of standard deviation over the last 3 months. Chevron Corp CEDEAR exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chevron Corp's mean deviation of 1.1, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chevron Corp are expected to decrease at a much lower rate. During the bear market, Chevron Corp is likely to outperform the market. At this point, Chevron Corp CEDEAR has a negative expected return of -0.0857%. Please make sure to confirm Chevron Corp's treynor ratio, skewness, and the relationship between the jensen alpha and value at risk , to decide if Chevron Corp CEDEAR performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.35 |
Poor reverse predictability
Chevron Corp CEDEAR has poor reverse predictability. Overlapping area represents the amount of predictability between Chevron Corp time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Corp CEDEAR price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Chevron Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 9.2 M |
Chevron Corp CEDEAR 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 CEDEAR.
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.Other Information on Investing in Chevron Stock
Chevron Corp 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 Corp security.