EOG Resources (Germany) Market Value
| EO5 Stock | EUR 125.80 0.84 0.66% |
| 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.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in EOG Resources on December 9, 2022 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 720 days. EOG Resources is related to or competes with Alibaba Group, WOODSIDE ENE, and Woodside Energy. EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural... 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.
| Downside Deviation | 1.56 | |||
| Information Ratio | 0.0173 | |||
| Maximum Drawdown | 9.15 | |||
| Value At Risk | (2.49) | |||
| Potential Upside | 4.21 |
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 | 0.0696 | |||
| Jensen Alpha | 0.0762 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0211 | |||
| Treynor Ratio | 0.2375 |
EOG Resources Backtested Returns
At this point, EOG Resources is very steady. EOG Resources secures Sharpe Ratio (or Efficiency) of 0.079, which denotes the company had a 0.079% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for EOG Resources, which you can use to evaluate the volatility of the firm. Please confirm EOG Resources' downside deviation of 1.56, and Mean Deviation of 1.33 to check if the risk estimate we provide is consistent with the expected return of 0.15%. EOG Resources has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.62, which means possible diversification benefits within a given portfolio. As returns on the market increase, EOG Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding EOG Resources is expected to be smaller as well. EOG Resources now shows a risk of 1.91%. Please confirm EOG Resources coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if EOG Resources will be following its price patterns.
Auto-correlation | -0.11 |
Insignificant reverse predictability
EOG Resources has insignificant reverse predictability. Overlapping area represents the amount of predictability between EOG Resources time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 -0.11 indicates that less than 11.0% of current EOG Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 54.06 |
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 |
Currently Active Assets on Macroaxis
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 more detail on how to invest in EOG Stock please use our How to Invest in EOG Resources guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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.