Phillips 66 Stock Market Value
| PSX Stock | USD 133.27 1.86 1.42% |
| Symbol | Phillips |
Phillips 66 Price To Book Ratio
Is Oil & Gas Refining & Marketing 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 Phillips. If investors know Phillips 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 Phillips 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 (0.82) | Dividend Share 4.4 | Earnings Share 7.84 | Revenue Per Share 346.336 | Quarterly Revenue Growth (0.10) |
The market value of Phillips 66 is measured differently than its book value, which is the value of Phillips that is recorded on the company's balance sheet. Investors also form their own opinion of Phillips' value that differs from its market value or its book value, called intrinsic value, which is Phillips' 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 Phillips' market value can be influenced by many factors that don't directly affect Phillips' 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 Phillips' value and its price as these two are different measures arrived at by different means. Investors typically determine if Phillips is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Phillips' 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.
Phillips '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 Phillips' 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 Phillips.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Phillips on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Phillips 66 or generate 0.0% return on investment in Phillips over 720 days. Phillips is related to or competes with Marathon Petroleum, HF Sinclair, PBF Energy, Sunoco LP, Valero Energy, CVR Energy, and Delek Energy. Phillips 66 operates as an energy manufacturing and logistics company More
Phillips 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 Phillips' 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 Phillips 66 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.71 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 7.77 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 1.81 |
Phillips Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Phillips' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Phillips' standard deviation. In reality, there are many statistical measures that can use Phillips historical prices to predict the future Phillips' volatility.| Risk Adjusted Performance | 0.0183 | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0171 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Phillips' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Phillips 66 Backtested Returns
At this stage we consider Phillips Stock to be very steady. Phillips 66 maintains Sharpe Ratio (i.e., Efficiency) of 0.0085, which implies the firm had a 0.0085% return per unit of risk over the last 3 months. We have found thirty technical indicators for Phillips 66, which you can use to evaluate the volatility of the company. Please check Phillips' Risk Adjusted Performance of 0.0183, coefficient of variation of 5865.0, and Semi Deviation of 1.68 to confirm if the risk estimate we provide is consistent with the expected return of 0.0136%. The company holds a Beta of 1.01, which implies a somewhat significant risk relative to the market. Phillips returns are very sensitive to returns on the market. As the market goes up or down, Phillips is expected to follow. Phillips 66 right now holds a risk of 1.61%. Please check Phillips 66 treynor ratio, as well as the relationship between the expected short fall and day median price , to decide if Phillips 66 will be following its historical price patterns.
Auto-correlation | -0.44 |
Modest reverse predictability
Phillips 66 has modest reverse predictability. Overlapping area represents the amount of predictability between Phillips 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 Phillips 66 price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Phillips price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 97.08 |
Phillips 66 lagged returns against current returns
Autocorrelation, which is Phillips 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 Phillips' stock expected returns. We can calculate the autocorrelation of Phillips returns to help us make a trade decision. For example, suppose you find that Phillips 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 |
Phillips 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 Phillips stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Phillips stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Phillips stock over time.
Current vs Lagged Prices |
| Timeline |
Phillips Lagged Returns
When evaluating Phillips' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Phillips stock have on its future price. Phillips 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, Phillips autocorrelation shows the relationship between Phillips stock current value and its past values and can show if there is a momentum factor associated with investing in Phillips 66.
Regressed Prices |
| Timeline |
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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 Tools for Phillips Stock Analysis
When running Phillips' price analysis, check to measure Phillips' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Phillips is operating at the current time. Most of Phillips' value examination focuses on studying past and present price action to predict the probability of Phillips' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Phillips' price. Additionally, you may evaluate how the addition of Phillips to your portfolios can decrease your overall portfolio volatility.