Phillips Stock Market Value

PSX -  USA Stock  

USD 96.69  2.09  2.21%

Phillips' market value is the price at which a share of Phillips stock trades on a public exchange. It measures the collective expectations of Phillips 66 investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Phillips 66 and determine expected loss or profit from investing in Phillips over a given investment horizon. Please check Phillips Hype Analysis, Phillips Correlation, Phillips Valuation, Phillips Volatility, as well as analyze Phillips Alpha and Beta and Phillips Performance.
Symbol
Backtest


Is Phillips' 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 Phillips. If investors know Phillips 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 Phillips listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Phillips 66 is measured differently than its book value, which is the value of Phillips that is recorded on the company's balance sheet. Investors also form their own opinion of Phillips' value that differs from its market value or its book value, called intrinsic value, which is Phillips' 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 Phillips' market value can be influenced by many factors that don't directly affect Phillips' 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 Phillips' value and its price as these two are different measures arrived at by different means. Investors typically determine Phillips value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Phillips' 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.

Phillips '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 Phillips' 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 Phillips.
0.00
06/01/2019
No Change 0.00  0.0 
In 2 years 11 months and 16 days
05/16/2022
0.00
If you would invest  0.00  in Phillips on June 1, 2019 and sell it all today you would earn a total of 0.00 from holding Phillips 66 or generate 0.0% return on investment in Phillips over 1080 days. Phillips is related to or competes with Moog, Noble Corp, Ngl Energy, and Northrop Grumman. Phillips 66 operates as an energy manufacturing and logistics company

Phillips 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 Phillips' 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 Phillips 66 upside and downside potential and time the market with a certain degree of confidence.

Phillips Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Phillips' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Phillips' standard deviation. In reality, there are many statistical measures that can use Phillips historical prices to predict the future Phillips' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Phillips' 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 Phillips in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
92.5395.0297.51
Details
Intrinsic
Valuation
LowReal ValueHigh
85.1498.46100.95
Details
13 Analysts
Consensus
LowTarget PriceHigh
66.0090.33104.00
Details
Earnings
Estimates (2)
LowProjected EPSHigh
4.654.694.73
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Phillips. Your research has to be compared to or analyzed against Phillips' peers to derive any actionable benefits. When done correctly, Phillips' 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 Phillips 66.

Phillips 66 Backtested Returns

We consider Phillips very steady. Phillips 66 maintains Sharpe Ratio (i.e., Efficiency) of 0.0621, which implies the firm had 0.0621% of return per unit of risk over the last 3 months. Our standpoint towards forecasting 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-eight technical indicators for Phillips 66, which you can use to evaluate the future volatility of the company. Please check Phillips 66 Semi Deviation of 2.29, risk adjusted performance of 0.0727, and Coefficient Of Variation of 1908.06 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%.
Phillips has performance score of 4 on a scale of 0 to 100. The company holds a Beta of 0.6271, which implies possible diversification benefits within a given portfolio. Let's try to break down what Phillips's beta means in this case. As returns on the market increase, Phillips returns are expected to increase less than the market. However, during the bear market, the loss on holding Phillips will be expected to be smaller as well. Although it is extremely important to respect Phillips 66 current trending patterns, it is better to be realistic regarding the information on equity existing price patterns. The philosophy towards forecasting 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 Phillips 66 technical indicators, you can presently evaluate if the expected return of 0.15% will be sustainable into the future. Phillips 66 right now holds a risk of 2.49%. Please check Phillips 66 treynor ratio, as well as the relationship between the expected short fall and day median price to decide if Phillips 66 will be following its historical price patterns.

Auto-correlation

    
  -0.7  

Very good reverse predictability

Phillips 66 has very good reverse predictability. Overlapping area represents the amount of predictability between Phillips time series from 1st of June 2019 to 22nd of November 2020 and 22nd of November 2020 to 16th of May 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Phillips 66 price movement. The serial correlation of -0.7 indicates that around 70.0% of current Phillips price fluctuation can be explain by its past prices.
Correlation Coefficient-0.7
Spearman Rank Test-0.63
Residual Average0.0
Price Variance66.07

Phillips 66 lagged returns against current returns

Autocorrelation, which is Phillips 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 Phillips' stock expected returns. We can calculate the autocorrelation of Phillips returns to help us make a trade decision. For example, suppose you find that Phillips 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 
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      Timeline 

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

Phillips Lagged Returns

When evaluating Phillips' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Phillips stock have on its future price. Phillips 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, Phillips autocorrelation shows the relationship between Phillips stock current value and its past values and can show if there is a momentum factor associated with investing in Phillips 66.
 Regressed Prices 
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      Timeline 

Phillips Investors Sentiment

The influence of Phillips' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Phillips. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Phillips Implied Volatility

    
  55.08  
Phillips' implied volatility exposes the market's sentiment of Phillips 66 stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Phillips' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Phillips stock will not fluctuate a lot when Phillips' options are near their expiration.
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 Phillips 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, Phillips' short interest history, or implied volatility extrapolated from Phillips options trading.

Current Sentiment - PSX

Phillips 66 Investor Sentiment

Predominant part of Macroaxis users are at this time bullish on Phillips 66. What is your perspective on investing in Phillips 66? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Please check Phillips Hype Analysis, Phillips Correlation, Phillips Valuation, Phillips Volatility, as well as analyze Phillips Alpha and Beta and Phillips Performance. Note that the Phillips 66 information on this page should be used as a complementary analysis to other Phillips' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Piotroski F Score module to get Piotroski F Score based on binary analysis strategy of nine different fundamentals.

Complementary Tools for Phillips Stock analysis

When running Phillips 66 price analysis, check to measure Phillips' 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 Phillips is operating at the current time. Most of Phillips' value examination focuses on studying past and present price action to predict the probability of Phillips' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Phillips' price. Additionally, you may evaluate how the addition of Phillips to your portfolios can decrease your overall portfolio volatility.
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Phillips 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 Phillips technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Phillips 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...