ChampionX Return on Investment from 2010 to 2024

CHX Stock  USD 35.45  1.01  2.93%   
Check ChampionX financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ChampionX main balance sheet or income statement drivers, such as Tax Provision of 94.9 M, Depreciation And Amortization of 185.5 M or Interest Expense of 33.2 M, as well as many exotic indicators such as Short Term Coverage Ratios of 17.4, Price Earnings Ratio of 19.14 or Price To Sales Ratio of 2.35. ChampionX financial statements analysis is a perfect complement when working with ChampionX Valuation or Volatility modules.
  
This module can also supplement ChampionX's financial leverage analysis and stock options assessment as well as various ChampionX Technical models . Check out the analysis of ChampionX Correlation against competitors.
For more information on how to buy ChampionX Stock please use our How to Invest in ChampionX guide.

About ChampionX Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include ChampionX income statement, its balance sheet, and the statement of cash flows. ChampionX investors use historical funamental indicators, such as ChampionX's Return on Investment, to determine how well the company is positioned to perform in the future. Although ChampionX investors may use each financial statement separately, they are all related. The changes in ChampionX's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on ChampionX's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on ChampionX Financial Statements. Understanding these patterns can help to make the right decision on long term investment in ChampionX. Please read more on our technical analysis and fundamental analysis pages.
ChampionX Corporation provides chemistry solutions, and engineered equipment and technologies to oil and gas companies worldwide. ChampionX Corporation is headquartered in The Woodlands, Texas. Championx Corp operates under Oil Gas Equipment Services classification in the United States and is traded on NASDAQ Exchange. It employs 7000 people.

ChampionX Investors Sentiment

The influence of ChampionX's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in ChampionX. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to ChampionX's public news can be used to forecast risks associated with an investment in ChampionX. The trend in average sentiment can be used to explain how an investor holding ChampionX can time the market purely based on public headlines and social activities around ChampionX. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
ChampionX's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for ChampionX's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average ChampionX's news discussions. The higher the estimated score, the more favorable is the investor's outlook on ChampionX.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ChampionX in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ChampionX's short interest history, or implied volatility extrapolated from ChampionX options trading.

Pair Trading with ChampionX

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ChampionX position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ChampionX will appreciate offsetting losses from the drop in the long position's value.

Moving together with ChampionX Stock

  0.79NR Newpark Resources Financial Report 7th of May 2024 PairCorr
  0.91TS Tenaris SA ADRPairCorr
  0.92DNOW Now Inc Financial Report 2nd of May 2024 PairCorr

Moving against ChampionX Stock

  0.83NESR National Energy ServicesPairCorr
  0.69DWSN Dawson GeophysicalPairCorr
  0.47NINE Nine Energy Service Financial Report 13th of May 2024 PairCorr
  0.43FET Forum Energy TechnologiesPairCorr
The ability to find closely correlated positions to ChampionX could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ChampionX when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ChampionX - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ChampionX to buy it.
The correlation of ChampionX is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ChampionX moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ChampionX moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ChampionX can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether ChampionX offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ChampionX's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Championx Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Championx Stock:
Check out the analysis of ChampionX Correlation against competitors.
For more information on how to buy ChampionX Stock please use our How to Invest in ChampionX guide.
Note that the ChampionX information on this page should be used as a complementary analysis to other ChampionX's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Complementary Tools for ChampionX Stock analysis

When running ChampionX's price analysis, check to measure ChampionX's 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 ChampionX is operating at the current time. Most of ChampionX's value examination focuses on studying past and present price action to predict the probability of ChampionX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ChampionX's price. Additionally, you may evaluate how the addition of ChampionX to your portfolios can decrease your overall portfolio volatility.
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
ETF Categories
List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments
Top Crypto Exchanges
Search and analyze digital assets across top global cryptocurrency exchanges
Analyst Advice
Analyst recommendations and target price estimates broken down by several categories
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Is ChampionX's industry 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 ChampionX. If investors know ChampionX 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 ChampionX 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
0.171
Dividend Share
0.34
Earnings Share
1.57
Revenue Per Share
19.167
Quarterly Revenue Growth
(0.04)
The market value of ChampionX is measured differently than its book value, which is the value of ChampionX that is recorded on the company's balance sheet. Investors also form their own opinion of ChampionX's value that differs from its market value or its book value, called intrinsic value, which is ChampionX's 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 ChampionX's market value can be influenced by many factors that don't directly affect ChampionX's 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 ChampionX's value and its price as these two are different measures arrived at by different means. Investors typically determine if ChampionX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ChampionX's 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.