Cheniere Energy Partners Stock Market Value
CQP Stock | USD 49.40 0.30 0.61% |
Symbol | Cheniere |
Cheniere Energy Partners Price To Book Ratio
Is Cheniere Energy'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 Cheniere Energy. If investors know Cheniere 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 Cheniere Energy 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 (0.69) | Dividend Share 4.125 | Earnings Share 6.95 | Revenue Per Share 19.967 | Quarterly Revenue Growth (0.43) |
The market value of Cheniere Energy Partners is measured differently than its book value, which is the value of Cheniere that is recorded on the company's balance sheet. Investors also form their own opinion of Cheniere Energy's value that differs from its market value or its book value, called intrinsic value, which is Cheniere Energy'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 Cheniere Energy's market value can be influenced by many factors that don't directly affect Cheniere Energy'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 Cheniere Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cheniere Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cheniere Energy'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.
Cheniere Energy '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 Cheniere Energy'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 Cheniere Energy.
02/28/2024 |
| 03/29/2024 |
If you would invest 0.00 in Cheniere Energy on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Cheniere Energy Partners or generate 0.0% return on investment in Cheniere Energy over 30 days. Cheniere Energy is related to or competes with NuStar Energy, Teekay, Dynagas LNG, Martin Midstream, MPLX LP, Viper Energy, and Global Partners. Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates natural gas liquefaction and export facility... More
Cheniere Energy 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 Cheniere Energy'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 Cheniere Energy Partners upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.12) | |||
Maximum Drawdown | 6.78 | |||
Value At Risk | (2.41) | |||
Potential Upside | 2.13 |
Cheniere Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cheniere Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cheniere Energy's standard deviation. In reality, there are many statistical measures that can use Cheniere Energy historical prices to predict the future Cheniere Energy's volatility.Risk Adjusted Performance | (0.01) | |||
Jensen Alpha | (0.13) | |||
Total Risk Alpha | (0.37) | |||
Treynor Ratio | (0.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cheniere Energy'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.
Cheniere Energy Partners Backtested Returns
Cheniere Energy Partners secures Sharpe Ratio (or Efficiency) of -0.0131, which signifies that the company had a -0.0131% return per unit of standard deviation over the last 3 months. Cheniere Energy Partners exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cheniere Energy's mean deviation of 1.19, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.65, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cheniere Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cheniere Energy is expected to be smaller as well. Cheniere Energy Partners has an expected return of -0.0186%. Please make sure to confirm Cheniere Energy Partners jensen alpha, as well as the relationship between the skewness and day median price , to decide if Cheniere Energy Partners performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.06 |
Virtually no predictability
Cheniere Energy Partners has virtually no predictability. Overlapping area represents the amount of predictability between Cheniere Energy time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th of March 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 Cheniere Energy Partners price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Cheniere Energy price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.06 | |
Spearman Rank Test | -0.19 | |
Residual Average | 0.0 | |
Price Variance | 0.6 |
Cheniere Energy Partners lagged returns against current returns
Autocorrelation, which is Cheniere Energy 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 Cheniere Energy's stock expected returns. We can calculate the autocorrelation of Cheniere Energy returns to help us make a trade decision. For example, suppose you find that Cheniere Energy 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 |
Cheniere Energy 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 Cheniere Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cheniere Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cheniere Energy stock over time.
Current vs Lagged Prices |
Timeline |
Cheniere Energy Lagged Returns
When evaluating Cheniere Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cheniere Energy stock have on its future price. Cheniere Energy 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, Cheniere Energy autocorrelation shows the relationship between Cheniere Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Cheniere Energy Partners.
Regressed Prices |
Timeline |
Cheniere Energy Investors Sentiment
The influence of Cheniere Energy'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 Cheniere. 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 Cheniere Energy's public news can be used to forecast risks associated with an investment in Cheniere. The trend in average sentiment can be used to explain how an investor holding Cheniere can time the market purely based on public headlines and social activities around Cheniere Energy Partners. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Cheniere Energy'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 Cheniere Energy'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 Cheniere Energy's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Cheniere Energy.
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 Cheniere Energy 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, Cheniere Energy's short interest history, or implied volatility extrapolated from Cheniere Energy options trading.
Pair Trading with Cheniere Energy
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 Cheniere Energy 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 Cheniere Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Cheniere Stock
0.65 | TK | Teekay | PairCorr |
Moving against Cheniere Stock
0.54 | IMPPP | Imperial Petroleum | PairCorr |
0.51 | AM | Antero Midstream Partners Financial Report 24th of April 2024 | PairCorr |
0.46 | VNOM | Viper Energy Ut Financial Report 6th of May 2024 | PairCorr |
0.46 | DTM | DT Midstream Financial Report 7th of May 2024 | PairCorr |
0.44 | ETRN | Equitrans Midstream Corp Financial Report 7th of May 2024 | PairCorr |
The ability to find closely correlated positions to Cheniere Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cheniere Energy 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 Cheniere Energy - 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 Cheniere Energy Partners to buy it.
The correlation of Cheniere Energy 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 Cheniere Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cheniere Energy Partners 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 Cheniere Energy 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 Cheniere Energy Correlation, Cheniere Energy Volatility and Cheniere Energy Alpha and Beta module to complement your research on Cheniere Energy. To learn how to invest in Cheniere Stock, please use our How to Invest in Cheniere Energy guide.You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for Cheniere Stock analysis
When running Cheniere Energy's price analysis, check to measure Cheniere Energy'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 Cheniere Energy is operating at the current time. Most of Cheniere Energy's value examination focuses on studying past and present price action to predict the probability of Cheniere Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cheniere Energy's price. Additionally, you may evaluate how the addition of Cheniere Energy to your portfolios can decrease your overall portfolio volatility.
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