Occidental Stock Probability of Future Stock Price Finishing Over 70.28

OXY
 Stock
  

USD 70.28  2.05  3.00%   

Occidental Petroleum's future price is the expected price of Occidental Petroleum instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Occidental Petroleum Corp performance during a given time horizon utilizing its historical volatility. Occidental Petroleum Price to Book Value is fairly stable at the moment as compared to the past year. Occidental Petroleum reported Price to Book Value of 0.97 in 2021. Price to Sales Ratio is likely to rise to 2.31 in 2022, whereas Price to Earnings Ratio are likely to drop (31.20)  in 2022.
  
Occidental Petroleum's implied volatility is one of the determining factors in the pricing options written on Occidental Petroleum Corp. Implied volatility approximates the future value of Occidental Petroleum based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Occidental Petroleum Corp over a specific time period. For example, 2022-12-02 CALL at $70.0 is a CALL option contract on Occidental Petroleum's common stock with a strick price of 70.0 expiring on 2022-12-02. The contract was last traded on 2022-11-28 at 15:59:51 for $0.68 and, as of today, has 3 days remaining before the expiration. The option is currently trading at a bid price of $0.64, and an ask price of $0.7. The implied volatility as of the 29th of November is 55.3495. View All Occidental options

Closest to current price Occidental long CALL Option Payoff at Expiration

Please check Occidental Petroleum Backtesting, Occidental Petroleum Valuation, Occidental Petroleum Correlation, Occidental Petroleum Hype Analysis, Occidental Petroleum Volatility, Occidental Petroleum History as well as Occidental Petroleum Performance. Please specify Occidental Petroleum time horizon, a valid symbol (red box) and a target price (blue box) you would like Occidental Petroleum odds to be computed.

Occidental Petroleum Target Price Odds to finish over 70.28

The tendency of Occidental Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to move above the current price in 90 days
 70.28 90 days 70.28 
about 33.7
Based on a normal probability distribution, the odds of Occidental Petroleum to move above the current price in 90 days from now is about 33.7 (This Occidental Petroleum Corp probability density function shows the probability of Occidental Stock to fall within a particular range of prices over 90 days) .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.05 . This indicates Occidental Petroleum Corp market returns are sensitive to returns on the market. As the market goes up or down, Occidental Petroleum is expected to follow. Additionally The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Occidental Petroleum Corp is significantly underperforming DOW.
   Occidental Petroleum Price Density   
       Price  

Predictive Modules for Occidental Petroleum

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Occidental Petroleum Corp. Regardless of method or technology, however, to accurately forecast the stock or bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Occidental Petroleum'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 Occidental Petroleum in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
65.4468.2271.00
Details
Intrinsic
Valuation
LowReal ValueHigh
50.6853.4675.04
Details
Naive
Forecast
LowNext ValueHigh
66.7069.4972.27
Details
16 Analysts
Consensus
LowTarget PriceHigh
20.0039.3555.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Occidental Petroleum. Your research has to be compared to or analyzed against Occidental Petroleum's peers to derive any actionable benefits. When done correctly, Occidental Petroleum'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 Occidental Petroleum Corp.

Occidental Petroleum Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Occidental Petroleum is not an exception. The market had few large corrections towards the Occidental Petroleum's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Occidental Petroleum Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Occidental Petroleum within the framework of very fundamental risk indicators.
α
Alpha over DOW
-0.13
β
Beta against DOW1.05
σ
Overall volatility
4.35
Ir
Information ratio -0.04

Occidental Petroleum Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Occidental Petroleum for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Occidental Petroleum Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Occidental Petroleum generated a negative expected return over the last 90 days
Over 83.0% of the company shares are owned by institutional investors
On 17th of October 2022 Occidental Petroleum paid $ 0.13 per share dividend to its current shareholders
Latest headline from news.google.com: Occidental Petroleum Stock No Longer That Appealing Anymore - Seeking Alpha

Occidental Petroleum Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Occidental Stock often depends not only on the future outlook of the current and potential Occidental Petroleum's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Occidental Petroleum's indicators that are reflective of the short sentiment are summarized in the table below.
Shares Percent Shares Out5.60%
Trailing Annual Dividend Rate0.82
Short Percent Of Float10.42%
Float Shares926.65M
Average Daily Volume Last 10 Day17.54M
Shares Short Prior Month63.17M
Average Daily Volume In Three Month21.05M
Date Short Interest14th of October 2022
Trailing Annual Dividend Yield1.13%

Occidental Petroleum Technical Analysis

Occidental Petroleum's future price can be derived by breaking down and analyzing its technical indicators over time. Occidental Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Occidental Petroleum Corp. In general, you should focus on analyzing Occidental Stock price patterns and their correlations with different microeconomic environments and drivers.

Occidental Petroleum Predictive Forecast Models

Occidental Petroleum time-series forecasting models is one of many Occidental Petroleum's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Occidental Petroleum's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about Occidental Petroleum Corp

Checking the ongoing alerts about Occidental Petroleum for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Occidental Petroleum Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Occidental Petroleum generated a negative expected return over the last 90 days
Over 83.0% of the company shares are owned by institutional investors
On 17th of October 2022 Occidental Petroleum paid $ 0.13 per share dividend to its current shareholders
Latest headline from news.google.com: Occidental Petroleum Stock No Longer That Appealing Anymore - Seeking Alpha

Complementary Tools for analysis

When running Occidental Petroleum Corp price analysis, check to measure Occidental Petroleum'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 Occidental Petroleum is operating at the current time. Most of Occidental Petroleum's value examination focuses on studying past and present price action to predict the probability of Occidental Petroleum's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Occidental Petroleum's price. Additionally, you may evaluate how the addition of Occidental Petroleum to your portfolios can decrease your overall portfolio volatility.
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Is Occidental Petroleum'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 Occidental Petroleum. If investors know Occidental 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 Occidental Petroleum 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 YOY
2.89
Market Capitalization
62 B
Quarterly Revenue Growth YOY
0.38
Return On Assets
0.11
Return On Equity
0.54
The market value of Occidental Petroleum Corp is measured differently than its book value, which is the value of Occidental that is recorded on the company's balance sheet. Investors also form their own opinion of Occidental Petroleum's value that differs from its market value or its book value, called intrinsic value, which is Occidental Petroleum'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 Occidental Petroleum's market value can be influenced by many factors that don't directly affect Occidental Petroleum'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 Occidental Petroleum's value and its price as these two are different measures arrived at by different means. Investors typically determine Occidental Petroleum value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Occidental Petroleum'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.