Chevron Corp Stock Market Value

CVX Stock  USD 155.26  0.33  0.21%   
Chevron Corp's market value is the price at which a share of Chevron Corp trades on a public exchange. It measures the collective expectations of Chevron Corp investors about its performance. Chevron Corp is trading at 155.26 as of the 13th of July 2024; that is 0.21% down since the beginning of the trading day. The stock's open price was 155.59.
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. Check out Chevron Corp Correlation, Chevron Corp Volatility and Chevron Corp Alpha and Beta module to complement your research on Chevron Corp.
For more information on how to buy Chevron Stock please use our How to Invest in Chevron Corp guide.
Symbol

Chevron Corp Price To Book Ratio

Is Oil, Gas & Consumable Fuels space 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
(0.14)
Dividend Share
6.16
Earnings Share
10.88
Revenue Per Share
103.611
Quarterly Revenue Growth
(0.04)
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 if Chevron Corp is a good investment 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
06/13/2024
No Change 0.00  0.0 
In 31 days
07/13/2024
0.00
If you would invest  0.00  in Chevron Corp on June 13, 2024 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 Shell PLC, BP PLC, Suncor Energy, Petroleo Brasileiro, Equinor ASA, and PetrĂ³leo Brasileiro. 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, anticipate that 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.
Hype
Prediction
LowEstimatedHigh
154.17155.26156.35
Details
Intrinsic
Valuation
LowRealHigh
139.73167.56168.65
Details
Naive
Forecast
LowNextHigh
152.53153.62154.71
Details
23 Analysts
Consensus
LowTargetHigh
162.13178.17197.77
Details

Chevron Corp Backtested Returns

Chevron Corp secures Sharpe Ratio (or Efficiency) of -0.0017, which signifies that the company had a -0.0017% return per unit of standard deviation over the last 3 months. Chevron Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chevron Corp's risk adjusted performance of (0.02), and Mean Deviation of 0.8117 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0118, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Chevron Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chevron Corp is expected to be smaller as well. At this point, Chevron Corp has a negative expected return of -0.0019%. Please make sure to confirm Chevron Corp's treynor ratio, as well as the relationship between the accumulation distribution and price action indicator , to decide if Chevron Corp performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.85  

Excellent reverse predictability

Chevron Corp has excellent reverse predictability. Overlapping area represents the amount of predictability between Chevron Corp time series from 13th of June 2024 to 28th of June 2024 and 28th of June 2024 to 13th of July 2024. 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 -0.85 indicates that around 85.0% of current Chevron Corp price fluctuation can be explain by its past prices.
Correlation Coefficient-0.85
Spearman Rank Test0.0
Residual Average0.0
Price Variance1.29

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 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 price 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  

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Additional Tools for Chevron Stock Analysis

When running Chevron Corp's 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 the 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.