Eog Resources Stock Market Value
| EOG Stock | USD 135.50 0.73 0.54% |
| Symbol | EOG |
EOG Resources 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 EOG Resources. If investors know EOG 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 EOG 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 (0.15) | Dividend Share 3.64 | Earnings Share 12.4 | Revenue Per Share 41.72 | Quarterly Revenue Growth (0.04) |
The market value of EOG Resources is measured differently than its book value, which is the value of EOG that is recorded on the company's balance sheet. Investors also form their own opinion of EOG Resources' value that differs from its market value or its book value, called intrinsic value, which is EOG 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 EOG Resources' market value can be influenced by many factors that don't directly affect EOG 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 EOG Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if EOG Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EOG 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.
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.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in EOG Resources on May 26, 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 180 days. EOG Resources is related to or competes with Permian Resources, Devon Energy, Coterra Energy, Marathon Oil, Diamondback Energy, ConocoPhillips, and Hess. 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.
| Downside Deviation | 1.59 | |||
| Information Ratio | 0.0343 | |||
| Maximum Drawdown | 7.05 | |||
| Value At Risk | (2.88) | |||
| Potential Upside | 2.49 |
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 | 0.0753 | |||
| Jensen Alpha | 0.0753 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0351 | |||
| Treynor Ratio | 0.1829 |
EOG Resources Backtested Returns
At this point, EOG Resources is very steady. EOG Resources secures Sharpe Ratio (or Efficiency) of 0.0548, which denotes the company had a 0.0548% 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 1.59, and Mean Deviation of 1.16 to check if the risk estimate we provide is consistent with the expected return of 0.0895%. EOG Resources has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.77, 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 1.63%. Please confirm EOG Resources downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if EOG Resources will be following its price patterns.
Auto-correlation | 0.59 |
Modest predictability
EOG Resources has modest predictability. Overlapping area represents the amount of predictability between EOG Resources time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 to 22nd 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 0.59 indicates that roughly 59.0% of current EOG Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 27.42 |
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
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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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.