EOG Resources (Brazil) Market Value
| E1OG34 Stock | BRL 397.80 34.15 9.39% |
| Symbol | EOG |
EOG 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 EOG 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 EOG Resources.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in EOG Resources on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding EOG Resources or generate 0.0% return on investment in EOG Resources over 30 days. EOG Resources is related to or competes with UnitedHealth Group, Monster Beverage, Healthpeak Properties, MAHLE Metal, New Oriental, Bemobi Mobile, and T Mobile. EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natura... More
EOG 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 EOG 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 EOG Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.064 | |||
| Maximum Drawdown | 12.63 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 1.18 |
EOG Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EOG Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EOG Resources' standard deviation. In reality, there are many statistical measures that can use EOG Resources historical prices to predict the future EOG Resources' volatility.| Risk Adjusted Performance | 0.1045 | |||
| Jensen Alpha | 0.2402 | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (61.48) |
EOG Resources Backtested Returns
EOG Resources appears to be very steady, given 3 months investment horizon. EOG Resources secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of return volatility over the last 3 months. We have found twenty-one technical indicators for EOG Resources, which you can use to evaluate the volatility of the firm. Please utilize EOG Resources' standard deviation of 1.94, and Mean Deviation of 0.7578 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, EOG Resources holds a performance score of 10. The firm shows a Beta (market volatility) of -0.0039, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning EOG Resources are expected to decrease at a much lower rate. During the bear market, EOG Resources is likely to outperform the market. Please check EOG Resources' variance, jensen alpha, and the relationship between the standard deviation and information ratio , to make a quick decision on whether EOG Resources' price patterns will revert.
Auto-correlation | 0.21 |
Weak predictability
EOG Resources has weak predictability. Overlapping area represents the amount of predictability between EOG Resources time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 EOG Resources price movement. The serial correlation of 0.21 indicates that over 21.0% of current EOG Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 291.56 |
EOG Resources lagged returns against current returns
Autocorrelation, which is EOG 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 EOG Resources' stock expected returns. We can calculate the autocorrelation of EOG Resources returns to help us make a trade decision. For example, suppose you find that EOG 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 |
EOG 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 EOG Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EOG Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EOG Resources stock over time.
Current vs Lagged Prices |
| Timeline |
EOG Resources Lagged Returns
When evaluating EOG Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EOG Resources stock have on its future price. EOG 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, EOG Resources autocorrelation shows the relationship between EOG Resources stock current value and its past values and can show if there is a momentum factor associated with investing in EOG Resources.
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 Information and Resources on Investing in EOG Stock
When determining whether EOG Resources is a strong investment it is important to analyze EOG Resources' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact EOG Resources' future performance. For an informed investment choice regarding EOG Stock, refer to the following important reports:Check out EOG Resources Correlation, EOG Resources Volatility and EOG Resources Alpha and Beta module to complement your research on EOG Resources. For information on how to trade EOG Stock refer to our How to Trade EOG Stock guide.You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
EOG 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.