Occidental Petroleum Stock Forecast - Market Risk Adjusted Performance

OXY Stock  USD 63.20  0.55  0.88%   
Occidental Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Occidental Petroleum stock prices and determine the direction of Occidental Petroleum's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Occidental Petroleum historical fundamentals such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Occidental Petroleum to cross-verify your projections.
For more information on how to buy Occidental Stock please use our How to Invest in Occidental Petroleum guide.
  
Occidental Petroleum has current Market Risk Adjusted Performance of 0.
Most investors in Occidental Petroleum 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 Occidental Petroleum's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Occidental Petroleum's price structures and extracts relationships that further increase the generated results' accuracy.
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Occidental Petroleum Trading Date Momentum

On March 18 2024 Occidental Petroleum was traded for  63.20  at the closing time. Highest Occidental Petroleum's price during the trading hours was 63.43  and the lowest price during the day was  62.30 . The net volume was 6.8 M. The overall trading history on the 18th of March 2024 did not cause price change. The trading delta at closing time to current price is 0.46% .
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Other Forecasting Options for Occidental Petroleum

For every potential investor in Occidental, whether a beginner or expert, Occidental Petroleum's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Occidental Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Occidental. Basic forecasting techniques help filter out the noise by identifying Occidental Petroleum's price trends.

Occidental Petroleum Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Occidental Petroleum stock to make a market-neutral strategy. Peer analysis of Occidental Petroleum could also be used in its relative valuation, which is a method of valuing Occidental Petroleum by comparing valuation metrics with similar companies.
Skillful CraftsmanMondee HoldingsGlucoTrackOld Dominion FreightNorfolk SouthernCardinal HealthTeleflex IncorporatedAmerican AirlinesAlcoa CorpApple IncBest BuyCitigroupSentinelOneCVS Health CorpChevron Corp
 Risk & Return  Correlation

Occidental Petroleum 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 Occidental Petroleum's 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 Occidental Petroleum's current price.

Occidental Petroleum Market Strength Events

Market strength indicators help investors to evaluate how Occidental Petroleum stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Occidental Petroleum shares will generate the highest return on investment. By undertsting and applying Occidental Petroleum stock market strength indicators, traders can identify Occidental Petroleum entry and exit signals to maximize returns.

Occidental Petroleum Risk Indicators

The analysis of Occidental Petroleum's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Occidental Petroleum's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Occidental Petroleum stock price, 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.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

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When determining whether Occidental Petroleum offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Occidental Petroleum'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 Occidental Petroleum Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Occidental Petroleum Stock:
Check out Historical Fundamental Analysis of Occidental Petroleum to cross-verify your projections.
For more information on how to buy Occidental Stock please use our How to Invest in Occidental Petroleum guide.
You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.

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When running Occidental Petroleum's price analysis, check to measure Occidental Petroleum'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 Occidental Petroleum is operating at the current time. Most of Occidental Petroleum's value examination focuses on studying past and present price action to predict the probability of Occidental Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Occidental Petroleum's price. Additionally, you may evaluate how the addition of Occidental Petroleum to your portfolios can decrease your overall portfolio volatility.
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Is Occidental Petroleum'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 Occidental Petroleum. If investors know Occidental 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 Occidental Petroleum listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Occidental Petroleum is measured differently than its book value, which is the value of Occidental that is recorded on the company's balance sheet. Investors also form their own opinion of Occidental Petroleum's value that differs from its market value or its book value, called intrinsic value, which is Occidental Petroleum'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 Occidental Petroleum's market value can be influenced by many factors that don't directly affect Occidental Petroleum'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 Occidental Petroleum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Occidental Petroleum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Occidental Petroleum'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.