Bp Plc Adr Stock Market Value
| BP Stock | USD 39.34 0.05 0.13% |
| Symbol | BP PLC |
BP PLC ADR Price To Book Ratio
Is BP PLC'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 BP PLC. If investors know BP PLC 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 BP PLC 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 (0.96) | Dividend Share 0.284 | Earnings Share 5.15 | Revenue Per Share 18.003 | Quarterly Revenue Growth (0.25) |
The market value of BP PLC ADR is measured differently than its book value, which is the value of BP PLC that is recorded on the company's balance sheet. Investors also form their own opinion of BP PLC's value that differs from its market value or its book value, called intrinsic value, which is BP PLC'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 BP PLC's market value can be influenced by many factors that don't directly affect BP PLC'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 BP PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if BP PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BP PLC'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.
BP PLC 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to BP PLC's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of BP PLC.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in BP PLC on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding BP PLC ADR or generate 0.0% return on investment in BP PLC over 30 days. BP PLC is related to or competes with TotalEnergies, Chevron Corp, Exxon, Equinor ASA, Shell PLC, Petroleo Brasileiro, and Suncor Energy. It operates through Gas Low Carbon Energy, Oil Production Operations, Customers Products, and Rosneft segments More
BP PLC Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure BP PLC's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess BP PLC ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.01 | |||
| Information Ratio | 0.1324 | |||
| Maximum Drawdown | 8.1 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 1.83 |
BP PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BP PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BP PLC's standard deviation. In reality, there are many statistical measures that can use BP PLC historical prices to predict the future BP PLC's volatility.| Risk Adjusted Performance | 0.1377 | |||
| Jensen Alpha | 0.1827 | |||
| Total Risk Alpha | 0.0801 | |||
| Sortino Ratio | 0.1539 | |||
| Treynor Ratio | 0.3513 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BP PLC's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
BP PLC ADR Backtested Returns
BP PLC appears to be very steady, given 3 months investment horizon. BP PLC ADR retains Efficiency (Sharpe Ratio) of 0.17, which signifies that the company had a 0.17% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for BP PLC, which you can use to evaluate the volatility of the firm. Please makes use of BP PLC's Coefficient Of Variation of 468.84, market risk adjusted performance of 0.3613, and Standard Deviation of 1.18 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BP PLC holds a performance score of 13. The firm owns a Beta (Systematic Risk) of 0.69, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BP PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding BP PLC is expected to be smaller as well. Please check BP PLC's value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether BP PLC's current price history will revert.
Auto-correlation | -0.51 |
Good reverse predictability
BP PLC ADR has good reverse predictability. Overlapping area represents the amount of predictability between BP PLC time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of BP PLC ADR price movement. The serial correlation of -0.51 indicates that about 51.0% of current BP PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
BP PLC ADR lagged returns against current returns
Autocorrelation, which is BP PLC stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting BP PLC's stock expected returns. We can calculate the autocorrelation of BP PLC returns to help us make a trade decision. For example, suppose you find that BP PLC has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
BP PLC regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If BP PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BP PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BP PLC stock over time.
Current vs Lagged Prices |
| Timeline |
BP PLC Lagged Returns
When evaluating BP PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BP PLC stock have on its future price. BP PLC autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, BP PLC autocorrelation shows the relationship between BP PLC stock current value and its past values and can show if there is a momentum factor associated with investing in BP PLC ADR.
Regressed Prices |
| Timeline |
Pair Trading with BP PLC
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 BP PLC 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 BP PLC will appreciate offsetting losses from the drop in the long position's value.Moving together with BP PLC Stock
| 0.78 | E | Eni SpA ADR Financial Report 26th of April 2024 | PairCorr |
| 0.93 | SU | Suncor Energy Financial Report 13th of May 2024 | PairCorr |
Moving against BP PLC Stock
| 0.72 | EP | Empire Petroleum Corp | PairCorr |
| 0.51 | PBR | Petroleo Brasileiro Aggressive Push | PairCorr |
The ability to find closely correlated positions to BP PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BP PLC 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 BP PLC - 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 BP PLC ADR to buy it.
The correlation of BP PLC 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 BP PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BP PLC ADR 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 BP PLC 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 BP PLC Correlation, BP PLC Volatility and BP PLC Alpha and Beta module to complement your research on BP PLC. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for BP PLC Stock analysis
When running BP PLC's price analysis, check to measure BP PLC'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 BP PLC is operating at the current time. Most of BP PLC's value examination focuses on studying past and present price action to predict the probability of BP PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BP PLC's price. Additionally, you may evaluate how the addition of BP PLC to your portfolios can decrease your overall portfolio volatility.
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BP PLC technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.