California Resources Corp Stock Price on May 6, 2022
CRC Stock | USD 55.76 0.82 1.49% |
If you're considering investing in California Stock, it is important to understand the factors that can impact its price. As of today, the current price of California Resources stands at 55.76, as last reported on the 23rd of April, with the highest price reaching 56.29 and the lowest price hitting 54.69 during the day. We consider California Resources very steady. California Resources Corp secures Sharpe Ratio (or Efficiency) of 0.0658, which signifies that the company had a 0.0658% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for California Resources Corp, which you can use to evaluate the volatility of the firm. Please confirm California Resources' Downside Deviation of 2.48, mean deviation of 1.75, and Risk Adjusted Performance of 0.0466 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%.
At present, California Resources' Common Stock Total Equity is projected to decrease significantly based on the last few years of reporting. The current year's Common Stock is expected to grow to about 1.2 M, whereas Common Stock Shares Outstanding is forecasted to decline to about 65.1 M. . At present, California Resources' Price Book Value Ratio is projected to increase slightly based on the last few years of reporting. The current year's Price Earnings To Growth Ratio is expected to grow to 0.42, whereas Price Earnings Ratio is forecasted to decline to 5.68. California Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
California |
Sharpe Ratio = 0.0658
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Estimated Market Risk
2.85 actual daily | 25 75% of assets are more volatile |
Expected Return
0.19 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average California Resources is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of California Resources by adding it to a well-diversified portfolio.
Price Book 1.7288 | Enterprise Value Ebitda 3.8389 | Price Sales 1.3864 | Shares Float 64.9 M | Dividend Share 1.158 |
California Resources Valuation on May 6, 2022
It is possible to determine the worth of California Resources on a given historical date. On May 6, 2022 California was worth 44.32 at the beginning of the trading date compared to the closed value of 41.33. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of California Resources stock. Still, in general, we apply an absolute valuation method to find California Resources' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of California Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against California Resources' related companies.
Open | High | Low | Close | Volume | |
44.67 | 45.39 | 41.20 | 41.20 | 1,014,995 | |
05/06/2022 | 44.32 | 44.46 | 41.33 | 41.33 | 743,150 |
42.44 | 42.44 | 37.62 | 37.62 | 1,335,085 |
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California Resources Trading Date Momentum on May 6, 2022
On May 09 2022 California Resources Corp was traded for 37.62 at the closing time. Highest California Resources's price during the trading hours was 42.44 and the lowest price during the day was 37.62 . The net volume was 1.3 M. The overall trading history on the 9th of May contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 8.98% . The overall trading delta to current price is 1.09% . |
California Resources Corp Fundamentals Correlations and Trends
By evaluating California Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among California Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. California financial account trend analysis is a perfect complement when working with valuation or volatility modules.About California Resources Stock history
California Resources investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for California is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in California Resources Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing California Resources stock prices may prove useful in developing a viable investing in California Resources
Last Reported | Projected for Next Year | ||
Common Stock Shares Outstanding | 72.5 M | 65.1 M | |
Net Income Applicable To Common Shares | 602.6 M | 632.7 M |
California Resources Stock Technical Analysis
California Resources 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.
Price Boundaries
California Resources Period Price Range
Low | May 6, 2022
| High |
44.32 | 41.33 |
California Resources April 23, 2024 Market Strength
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
Accumulation Distribution | 52318.03 | |||
Daily Balance Of Power | (0.96) | |||
Rate Of Daily Change | 0.93 | |||
Day Median Price | 42.9 | |||
Day Typical Price | 42.37 | |||
Price Action Indicator | (3.06) | |||
Period Momentum Indicator | 14.43 |
California Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for California Resources' price direction in advance. Along with the technical and fundamental analysis of California Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of California to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | 0.0466 | |||
Jensen Alpha | 0.0649 | |||
Total Risk Alpha | (0.19) | |||
Sortino Ratio | 0.0349 | |||
Treynor Ratio | 0.1302 |
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Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in California Resources Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
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.