CHEVRON USA INC Market Value
| 166756AT3 | 107.78 1.19 1.09% |
| Symbol | CHEVRON |
CHEVRON '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's bond 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.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in CHEVRON on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding CHEVRON USA INC or generate 0.0% return on investment in CHEVRON over 30 days. CHEVRON is related to or competes with Compania Cervecerias, Northstar Clean, Boston Beer, Fomento Economico, Century Aluminum, and Titan International. More
CHEVRON 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's bond 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 USA INC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.21 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 5.66 | |||
| Value At Risk | (2.35) | |||
| Potential Upside | 2.11 |
CHEVRON Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CHEVRON's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CHEVRON's standard deviation. In reality, there are many statistical measures that can use CHEVRON historical prices to predict the future CHEVRON's volatility.| Risk Adjusted Performance | 0.0091 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0.04) |
CHEVRON USA INC Backtested Returns
CHEVRON USA INC secures Sharpe Ratio (or Efficiency) of -0.0816, which signifies that the bond had a -0.0816% return per unit of risk over the last 3 months. CHEVRON USA INC exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CHEVRON's Mean Deviation of 0.8654, downside deviation of 1.21, and Risk Adjusted Performance of 0.0091 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.0347, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CHEVRON's returns are expected to increase less than the market. However, during the bear market, the loss of holding CHEVRON is expected to be smaller as well.
Auto-correlation | 0.85 |
Very good predictability
CHEVRON USA INC has very good predictability. Overlapping area represents the amount of predictability between CHEVRON time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 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 CHEVRON USA INC price movement. The serial correlation of 0.85 indicates that around 85.0% of current CHEVRON price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 1.45 |
CHEVRON USA INC lagged returns against current returns
Autocorrelation, which is CHEVRON bond'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's bond expected returns. We can calculate the autocorrelation of CHEVRON returns to help us make a trade decision. For example, suppose you find that CHEVRON has exhibited high autocorrelation historically, and you observe that the bond 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 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CHEVRON bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CHEVRON bond over time.
Current vs Lagged Prices |
| Timeline |
CHEVRON Lagged Returns
When evaluating CHEVRON's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CHEVRON bond have on its future price. CHEVRON 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 autocorrelation shows the relationship between CHEVRON bond current value and its past values and can show if there is a momentum factor associated with investing in CHEVRON USA INC.
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 Bond
CHEVRON financial ratios help investors to determine whether CHEVRON Bond 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 security.