California Resources Corp Stock Performance
| CRC Stock | USD 55.76 0.82 1.49% |
California Resources has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.27, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, California Resources will likely underperform. California Resources Corp right now shows a risk of 2.87%. Please confirm California Resources Corp jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if California Resources Corp will be following its price patterns.
Risk-Adjusted Performance
4 of 100
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in California Resources Corp are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of rather weak basic indicators, California Resources may actually be approaching a critical reversion point that can send shares even higher in May 2024. ...more
Actual Historical Performance (%)
One Day Return 2.18 | Five Day Return 3.42 | Year To Date Return 3.95 | Ten Year Return (30.70) | All Time Return (30.70) |
Forward Dividend Yield 0.0226 | Payout Ratio 0.2319 | Last Split Factor 1:10 | Forward Dividend Rate 1.24 | Dividend Date 2024-03-18 |
1 | California Resources Shares Rise 13 Company to Combine With Aera Energy | 02/07/2024 |
2 | Acquisition by Chris Gould of 18668 shares of California Resources subject to Rule 16b-3 | 02/26/2024 |
| California Resources dividend paid on 18th of March 2024 | 03/18/2024 |
3 | Disposition of 222024 shares by Mark McFarland of California Resources at 53.06 subject to Rule 16b-3 | 03/22/2024 |
4 | Thailands Stock Market Struggles Continue Amid Economic Slowdown | 03/27/2024 |
5 | Disposition of 767 shares by Noelle Repetti of California Resources at 51.53 subject to Rule 16b-3 | 03/28/2024 |
6 | California Resources Corporations Recent Stock Performance Looks Decent- Can Strong Fundamentals Be the Reason | 04/01/2024 |
7 | DAVENPORT Co LLC Boosts Stake in California Resources Co. - MarketBeat | 04/03/2024 |
8 | Two Barrels of Oil Per Day Is All Drillers Extract from Community Wells, Making Case For New Law For 10K Per Day Fine, says Consumer Watchdog | 04/08/2024 |
9 | SilverBow Gears Up for Proxy Fight with Kimmeridge | 04/09/2024 |
10 | Barclays sees potential in California Resources stock | 04/10/2024 |
11 | California Resources Corporation Achieves MiQ Grade A Certification for its Los Angeles Basin Assets | 04/11/2024 |
12 | BofA raises California Resources stock target on oil rally | 04/18/2024 |
| Begin Period Cash Flow | 307 M |
California |
California Resources Relative Risk vs. Return Landscape
If you would invest 5,123 in California Resources Corp on January 25, 2024 and sell it today you would earn a total of 453.00 from holding California Resources Corp or generate 8.84% return on investment over 90 days. California Resources Corp is generating 0.1766% of daily returns assuming volatility of 2.8722% on return distribution over 90 days investment horizon. In other words, 25% of stocks are less volatile than California, and above 97% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
California Resources Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for California Resources' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as California Resources Corp, and traders can use it to determine the average amount a California Resources' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0615
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.87 actual daily | 25 75% of assets are more volatile |
Expected Return
| 0.18 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average California Resources is performing at about 4% 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.
California Resources Fundamentals Growth
California Stock prices reflect investors' perceptions of the future prospects and financial health of California Resources, and California Resources fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on California Stock performance.
| Return On Equity | 0.28 | ||||
| Return On Asset | 0.0772 | ||||
| Profit Margin | 0.20 % | ||||
| Operating Margin | 0.11 % | ||||
| Current Valuation | 3.92 B | ||||
| Shares Outstanding | 68.76 M | ||||
| Price To Earning | 1.33 X | ||||
| Price To Book | 1.73 X | ||||
| Price To Sales | 1.39 X | ||||
| Revenue | 2.81 B | ||||
| Gross Profit | 1.94 B | ||||
| EBITDA | 1.17 B | ||||
| Net Income | 564 M | ||||
| Cash And Equivalents | 324 M | ||||
| Cash Per Share | 4.30 X | ||||
| Total Debt | 610 M | ||||
| Debt To Equity | 0.42 % | ||||
| Current Ratio | 0.70 X | ||||
| Book Value Per Share | 32.30 X | ||||
| Cash Flow From Operations | 645 M | ||||
| Earnings Per Share | 7.78 X | ||||
| Market Capitalization | 3.78 B | ||||
| Total Asset | 4 B | ||||
| Retained Earnings | 1.42 B | ||||
| Working Capital | 313 M | ||||
| Current Asset | 438 M | ||||
| Current Liabilities | 605 M | ||||
About California Resources Performance
To evaluate California Resources Corp Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when California Resources generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare California Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand California Resources Corp market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents California's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 17.67 | 11.99 | |
| Return On Tangible Assets | 0.14 | 0.07 | |
| Return On Capital Employed | 0.26 | 0.28 | |
| Return On Assets | 0.14 | 0.07 | |
| Return On Equity | 0.25 | 0.36 |
Things to note about California Resources Corp performance evaluation
Checking the ongoing alerts about California Resources for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for California Resources Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The company has 610 M in debt with debt to equity (D/E) ratio of 0.42, which is OK given its current industry classification. California Resources Corp has a current ratio of 0.69, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist California Resources until it has trouble settling it off, either with new capital or with free cash flow. So, California Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like California Resources Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for California to invest in growth at high rates of return. When we think about California Resources' use of debt, we should always consider it together with cash and equity. | |
| Over 99.0% of California Resources shares are held by institutions such as insurance companies | |
| On 18th of March 2024 California Resources paid $ 0.31 per share dividend to its current shareholders | |
| Latest headline from investing.com: BofA raises California Resources stock target on oil rally |
- Analyzing California Resources' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether California Resources' stock is overvalued or undervalued compared to its peers.
- Examining California Resources' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating California Resources' management team can have a significant impact on its success or failure. Reviewing the track record and experience of California Resources' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of California Resources' stock. These opinions can provide insight into California Resources' potential for growth and whether the stock is currently undervalued or overvalued.
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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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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.