Occidental Petroleum 43 Market Value
| 674599CX1 | 82.43 0.00 0.00% |
| Symbol | Occidental |
Occidental '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 Occidental'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 Occidental.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Occidental on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Occidental Petroleum 43 or generate 0.0% return on investment in Occidental over 300 days. Occidental is related to or competes with Coca Cola, JPMorgan Chase, Dupont De, Alcoa Corp, Boeing, Microsoft, and Procter Gamble. More
Occidental 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 Occidental'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 Occidental Petroleum 43 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.26 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 18.44 | |||
| Value At Risk | (2.37) | |||
| Potential Upside | 2.68 |
Occidental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Occidental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Occidental's standard deviation. In reality, there are many statistical measures that can use Occidental historical prices to predict the future Occidental's volatility.| Risk Adjusted Performance | 0.0143 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.084 |
Occidental Petroleum Backtested Returns
Occidental Petroleum maintains Sharpe Ratio (i.e., Efficiency) of -0.0401, which implies the entity had a -0.0401% return per unit of risk over the last 3 months. Occidental Petroleum exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Occidental's Risk Adjusted Performance of 0.0143, coefficient of variation of 9887.19, and Semi Deviation of 2.19 to confirm the risk estimate we provide. The bond holds a Beta of 0.15, which implies not very significant fluctuations relative to the market. As returns on the market increase, Occidental's returns are expected to increase less than the market. However, during the bear market, the loss of holding Occidental is expected to be smaller as well.
Auto-correlation | -0.39 |
Poor reverse predictability
Occidental Petroleum 43 has poor reverse predictability. Overlapping area represents the amount of predictability between Occidental time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 Occidental Petroleum price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Occidental price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 3.22 |
Occidental Petroleum lagged returns against current returns
Autocorrelation, which is Occidental 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 Occidental's bond expected returns. We can calculate the autocorrelation of Occidental returns to help us make a trade decision. For example, suppose you find that Occidental 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 |
Occidental 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 Occidental bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Occidental bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Occidental bond over time.
Current vs Lagged Prices |
| Timeline |
Occidental Lagged Returns
When evaluating Occidental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Occidental bond have on its future price. Occidental 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, Occidental autocorrelation shows the relationship between Occidental bond current value and its past values and can show if there is a momentum factor associated with investing in Occidental Petroleum 43.
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 Occidental Bond
Occidental financial ratios help investors to determine whether Occidental 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 Occidental with respect to the benefits of owning Occidental security.