Chevron Corporation shows Mean Deviation of 1.05 and Risk Adjusted Performance of 0.0972. Chevron technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm future prices. In plain English you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum or the prices will eventually revert. We found nineteen technical drivers for Chevron Corporation which can be compared to its rivals. Please confirm ChevronMarket Risk Adjusted Performance, Variance as well as the relationship between Variance and Potential Upside to decide if Chevron is priced correctly providing market reflects its regular price of 112.98 per share. Given that Chevron has Jensen Alpha of 0.0647, we suggest you validate Chevron Corporation prevailing market performance to make sure the company can sustain itself at future point.
The output start index for this execution was one with a total number of output elements of sixteen. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Chevron volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.
Chevron Trend Analysis
Use this graph to draw trend lines for Chevron Corporation. You can use it to identify possible trend reversals for Chevron as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Chevron price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Chevron Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Chevron Corporation applied against its price change over selected period. The best fit line has a slop of 0.12 % which may imply that Chevron Corporation will maintain its good market sentiment and make money for investors. It has 34 observation points and a regression sum of squares at 12.72, which is the sum of squared deviations for the predicted Chevron price change compared to its average price change.
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Chevron Corporation is rated below average in mean deviation category among related companies. It is currently under evaluation in standard deviation category among related companies creating about 1.36 of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Chevron Corporation is roughly 1.36