California Resources Stock Forecast - Risk Adjusted Performance
| CRC Stock | USD 53.69 0.12 0.22% |
California Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast California Resources stock prices and determine the direction of California Resources Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of California Resources' historical fundamentals, such as revenue growth or operating cash flow patterns. Although California Resources' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of California Resources' systematic risk associated with finding meaningful patterns of California Resources fundamentals over time.
Check out Historical Fundamental Analysis of California Resources to cross-verify your projections. California |
Open Interest Against 2024-04-19 California Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast California Resources' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in California Resources' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for California Resources stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current California Resources' open interest, investors have to compare it to California Resources' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of California Resources is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in California. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in California Resources cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the California Resources' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets California Resources' price structures and extracts relationships that further increase the generated results' accuracy.
| Check California Resources Volatility | Backtest California Resources | Information Ratio |
California Resources Trading Date Momentum
| On April 19 2024 California Resources Corp was traded for 53.69 at the closing time. Highest California Resources's price during the trading hours was 54.77 and the lowest price during the day was 53.59 . There was no trading activity during the period 0.0. Lack of trading volume on the 19th of April did not affect price variability. The overall trading delta to current price is 1.10% . |
| Compare California Resources to competition |
Other Forecasting Options for California Resources
For every potential investor in California, whether a beginner or expert, California Resources' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. California Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in California. Basic forecasting techniques help filter out the noise by identifying California Resources' price trends.View California Resources Related Equities
| Risk & Return | Correlation |
California Resources Corp Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of California Resources' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of California Resources' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
California Resources Market Strength Events
Market strength indicators help investors to evaluate how California Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading California Resources shares will generate the highest return on investment. By undertsting and applying California Resources stock market strength indicators, traders can identify California Resources Corp entry and exit signals to maximize returns.
California Resources Risk Indicators
The analysis of California Resources' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in California Resources' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting california stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.73 | |||
| Semi Deviation | 2.34 | |||
| Standard Deviation | 2.78 | |||
| Variance | 7.74 | |||
| Downside Variance | 5.98 | |||
| Semi Variance | 5.48 | |||
| Expected Short fall | (1.93) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with California Resources
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 California Resources 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 California Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with California Stock
| 0.7 | AR | Antero Resources Corp Earnings Call This Week | PairCorr |
| 0.75 | PR | Permian Resources Financial Report 13th of May 2024 | PairCorr |
| 0.66 | SD | SandRidge Energy | PairCorr |
| 0.72 | SM | SM Energy Earnings Call This Week | PairCorr |
Moving against California Stock
| 0.62 | VIVK | Vivakor Report 23rd of May 2024 | PairCorr |
| 0.61 | EP | Empire Petroleum Corp Downward Rally | PairCorr |
The ability to find closely correlated positions to California Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace California Resources 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 California Resources - 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 California Resources Corp to buy it.
The correlation of California Resources 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 California Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if California Resources Corp 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 California Resources 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.Check out Historical Fundamental Analysis of California Resources to cross-verify your projections. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for California Stock analysis
When running California Resources' price analysis, check to measure California Resources' 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 California Resources is operating at the current time. Most of California Resources' value examination focuses on studying past and present price action to predict the probability of California Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move California Resources' price. Additionally, you may evaluate how the addition of California Resources to your portfolios can decrease your overall portfolio volatility.
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Is California Resources' 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 California Resources. If investors know California 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 California Resources 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 1.36 | Dividend Share 1.158 | Earnings Share 7.78 | Revenue Per Share 39.756 | Quarterly Revenue Growth (0.28) |
The market value of California Resources Corp is measured differently than its book value, which is the value of California that is recorded on the company's balance sheet. Investors also form their own opinion of California Resources' value that differs from its market value or its book value, called intrinsic value, which is California Resources' 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 California Resources' market value can be influenced by many factors that don't directly affect California Resources' 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 California Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if California Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, California Resources' 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.