Continental Resources Stock Piotroski F Score

CLRDelisted Stock  USD 74.27  0.00  0.00%   
This module uses fundamental data of Continental Resources to approximate its Piotroski F score. Continental Resources F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Continental Resources. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Continental Resources financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
  
At this time, it appears that Continental Resources' Piotroski F Score is Unavailable. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
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Piotroski F Score - Unavailable
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Continental Resources Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Continental Resources is to make sure Continental is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Continental Resources' auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Continental Resources' financial numbers are properly reported.

About Continental Resources Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

About Continental Resources Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Continental Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Continental Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Continental Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Continental Resources, Inc. explores for, develops, produces, and manages crude oil, natural gas, and related products primarily in the north, south, and east regions of the United States. The company was founded in 1967 and is headquartered in Oklahoma City, Oklahoma. Continental Resources operates under Oil Gas EP classification in the United States and is traded on New York Stock Exchange. It employs 1254 people.
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 Continental Resources 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, Continental Resources' short interest history, or implied volatility extrapolated from Continental Resources options trading.

Pair Trading with Continental Resources

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 Continental Resources 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 Continental Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with Continental Stock

  0.76KSPI Joint StockPairCorr

Moving against Continental Stock

  0.73AMKBY AP Moeller-MaerskPairCorr
  0.57RBGPF Reckitt BenckiserPairCorr
  0.52ITCL Banco Ita Chile Symbol ChangePairCorr
The ability to find closely correlated positions to Continental Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Continental Resources 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 Continental Resources - 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 Continental Resources to buy it.
The correlation of Continental Resources 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 Continental Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Continental Resources 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 Continental Resources 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.
Pair CorrelationCorrelation Matching
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

Other Consideration for investing in Continental Stock

If you are still planning to invest in Continental Resources check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Continental Resources' history and understand the potential risks before investing.
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