The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. ConocoPhillips has an asset utilization ratio of 22.03 percent. This suggests that the company is making $0.22 for each dollar of assets. An increasing asset utilization means that ConocoPhillips is more efficient with each dollar of assets it utilizes for everyday operations.
The successful prediction of ConocoPhillips
stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published
stock prices of traded companies, such as ConocoPhillips, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at
the intrinsic value of ConocoPhillips based on ConocoPhillips hews, social hype, general headline patterns, and widely used
predictive technical indicators. We also calculate exposure to ConocoPhillips's
market risk, different
technical and
fundamental indicators, relevant financial multiples and ratios, and then
comparing them to ConocoPhillips's related companies.
Use Technical Analysis to project ConocoPhillips expected Price
ConocoPhillips 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.
A focus of ConocoPhillips technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of ConocoPhillips trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions.
More Info...ConocoPhillips Gross Profit
ConocoPhillips Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing ConocoPhillips previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show ConocoPhillips Gross Profit growth over the last 10 years. Please check ConocoPhillips'
gross profit and other
fundamental indicators for more details.
A Deeper look at ConocoPhillips
ConocoPhillips reported the last year's revenue of 21.48
B. Reported Net Loss for the year was (1.21
B) with profit before taxes, overhead, and interest of 16.18
B.
Cost of Revenue Breakdown
ConocoPhillips Cost of Revenue yearly trend continues to be very stable with very little volatility. Cost of Revenue is likely to grow to about 19.9
B this year. Cost of Revenue usually refers to the aggregate cost of goods produced and sold and services rendered during the reporting period. ConocoPhillips Cost of Revenue is very stable at the moment as compared to the past year. ConocoPhillips reported last year Cost of Revenue of 16.31 Billion
| 2014 | 33.1 Billion |
| 2015 | 20.34 Billion |
| 2016 | 16.38 Billion |
| 2017 | 18.45 Billion |
| 2018 | 20.55 Billion |
| 2019 | 18.12 Billion |
| 2020 | 16.31 Billion |
| 2021 | 19.92 Billion |
Will price continue to roll up in March 2021?
ConocoPhillips recent coefficient of variation upswings over 748.64. ConocoPhillips currently demonstrates below-verage downside deviation. It has Information Ratio of 0.09 and Jensen Alpha of 0.48. However, we do advice investors to further question ConocoPhillips expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk.
Although other companies under the oil & gas e&p industry are still a bit expensive, ConocoPhillips may offer a potential longer-term growth to insiders. With a relatively neutral outlook on the recent economy, it is better to hold off any trading of ConocoPhillips as the current risk-reward utility is not appealing enough. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to ConocoPhillips.
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Raphi Shpitalnik is a Junior Member of Macroaxis Editorial Board. Raphael is a young entrepreneur who joined Macroaxis on a part-time basis at the beginning of the pandemic and eventually acquired a real taste for investing and fintech. He likes to analyze different equity instruments across a wide range of industries, focusing primarily on consumer products, sports, fintech, cannabis, and AI.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of ConocoPhillips. Please refer to our
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