Chevron Stock Market Value

CVX Stock  USD 179.45  8.34  4.44%   
Chevron Corp's market value is the price at which a share of Chevron Corp stock trades on a public exchange. It measures the collective expectations of Chevron Corp investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Chevron Corp and determine expected loss or profit from investing in Chevron Corp over a given investment horizon. Continue to Chevron Corp Correlation, Chevron Corp Volatility and Chevron Corp Alpha and Beta module to complement your research on Chevron Corp.
Symbol


Is Chevron Corp'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 Chevron Corp. If investors know Chevron 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 Chevron Corp 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
0.814
Market Capitalization
346.3 B
Quarterly Revenue Growth
0.492
Return On Assets
0.0924
Return On Equity
0.2316
The market value of Chevron Corp is measured differently than its book value, which is the value of Chevron that is recorded on the company's balance sheet. Investors also form their own opinion of Chevron Corp's value that differs from its market value or its book value, called intrinsic value, which is Chevron Corp'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 Chevron Corp's market value can be influenced by many factors that don't directly affect Chevron Corp'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 Chevron Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Chevron Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chevron Corp'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.

Chevron Corp '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 Chevron Corp'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 Chevron Corp.
0.00
12/28/2022
No Change 0.00  0.0 
In 31 days
01/27/2023
0.00
If you would invest  0.00  in Chevron Corp on December 28, 2022 and sell it all today you would earn a total of 0.00 from holding Chevron Corp or generate 0.0% return on investment in Chevron Corp over 30 days. Chevron Corp is related to or competes with Pan American, Dowa Holdings, Vale SA, Rio Tinto, Air Transport, and Teck Resources. Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide More

Chevron Corp 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 Chevron Corp'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 Chevron Corp upside and downside potential and time the market with a certain degree of confidence.

Chevron Corp Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Chevron Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chevron Corp's standard deviation. In reality, there are many statistical measures that can use Chevron Corp historical prices to predict the future Chevron Corp's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Chevron Corp'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. Please use the tools below to analyze the current value of Chevron Corp in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
178.39179.95181.51
Details
Intrinsic
Valuation
LowReal ValueHigh
152.24153.80198.08
Details
Naive
Forecast
LowNext ValueHigh
176.28177.84179.40
Details
17 Analysts
Consensus
LowTarget PriceHigh
105.00128.94155.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Chevron Corp. Your research has to be compared to or analyzed against Chevron Corp's peers to derive any actionable benefits. When done correctly, Chevron Corp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Chevron Corp.

Chevron Corp Backtested Returns

We consider Chevron Corp very steady. Chevron Corp secures Sharpe Ratio (or Efficiency) of 0.0084, which signifies that the company had 0.0084% of return per unit of standard deviation over the last 3 months. Our philosophy in foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-seven technical indicators for Chevron Corp, which you can use to evaluate the future volatility of the firm. Please confirm Chevron Corp risk adjusted performance of 0.105, and Mean Deviation of 1.25 to double-check if the risk estimate we provide is consistent with the expected return of 0.0147%.
The firm shows a Beta (market volatility) of 0.8685, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Chevron's beta means in this case. Chevron Corp returns are very sensitive to returns on the market. As the market goes up or down, Chevron Corp is expected to follow. Although it is important to respect Chevron Corp historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy in foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Chevron Corp technical indicators, you can presently evaluate if the expected return of 0.0147% will be sustainable into the future. Chevron Corp right now shows a risk of 1.76%. Please confirm Chevron Corp jensen alpha, as well as the relationship between the potential upside and accumulation distribution to decide if Chevron Corp will be following its price patterns.

Auto-correlation

    
  -0.09  

Very weak reverse predictability

Chevron Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Chevron Corp time series from 28th of December 2022 to 12th of January 2023 and 12th of January 2023 to 27th of January 2023. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Chevron Corp price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Chevron Corp price fluctuation can be explain by its past prices.
Correlation Coefficient-0.09
Spearman Rank Test0.02
Residual Average0.0
Price Variance7.92

Chevron Corp lagged returns against current returns

Autocorrelation, which is Chevron Corp 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 Chevron Corp's stock expected returns. We can calculate the autocorrelation of Chevron Corp returns to help us make a trade decision. For example, suppose you find that Chevron Corp stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Chevron Corp 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 Chevron Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chevron Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chevron Corp stock over time.
   Current vs Lagged Prices   
       Timeline  

Chevron Corp Lagged Returns

When evaluating Chevron Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chevron Corp stock have on its future price. Chevron Corp 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, Chevron Corp autocorrelation shows the relationship between Chevron Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Chevron Corp.
   Regressed Prices   
       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in Chevron Corp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Global Correlations

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Pair Trading with Chevron Corp

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 Chevron Corp 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 Chevron Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Chevron Corp

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The ability to find closely correlated positions to Chevron Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chevron Corp 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 Chevron Corp - 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 Chevron Corp to buy it.
The correlation of Chevron Corp is a statistical measure of how it moves in relation to other equities. 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 Chevron Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chevron Corp 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 Chevron Corp 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
Continue to Chevron Corp Correlation, Chevron Corp Volatility and Chevron Corp Alpha and Beta module to complement your research on Chevron Corp. You can also try Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Complementary Tools for analysis

When running Chevron Corp price analysis, check to measure Chevron Corp'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 Chevron Corp is operating at the current time. Most of Chevron Corp's value examination focuses on studying past and present price action to predict the probability of Chevron Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Chevron Corp's price. Additionally, you may evaluate how the addition of Chevron Corp to your portfolios can decrease your overall portfolio volatility.
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Chevron Corp 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 Chevron Corp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Chevron Corp 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...