|Horizon||30 Days Login to change|
Chevron Market Sensitivity
|As returns on market increase, Chevron returns are expected to increase less than the market. However during bear market, the loss on holding Chevron will be expected to be smaller as well.One Month Beta |Analyze Chevron Demand TrendCheck current 30 days Chevron correlation with market (DOW)|
β = 0.7296
Chevron Technical Analysis
Chevron Projected Return Density Against MarketConsidering 30-days investment horizon, Chevron has beta of 0.7296 . This suggests as returns on market go up, Chevron average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Chevron Corporation will be expected to be much smaller as well. Additionally, Chevron Corporation has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Predicted Return Density
Chevron Return VolatilityChevron Corporation has volatility of 1.0232% on return distribution over 30 days investment horizon. DOW inherits 0.3914% risk (volatility on return distribution) over the 30 days horizon.