Championx Stock Price on August 15, 2022 Breakdown

CHX
 Stock
  

USD 21.46  0.21  0.99%   

As of today, the current price of Championx Corp is  21.46 , as last reported on the 5th of October, with the highest price reaching  21.57  and the lowest price hitting  20.77  during the day.
Championx Corp appears to be very steady, given 3 months investment horizon. Championx Corp secures Sharpe Ratio (or Efficiency) of 0.0848, which signifies that the company had 0.0848% 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-eight technical indicators for Championx Corp, which you can use to evaluate the future volatility of the firm. Please makes use of Championx Corp's mean deviation of 2.27, and Risk Adjusted Performance of 0.0712 to double-check if our risk estimates are consistent with your expectations.
  

Championx Corp Valuation on August 15, 2022

It is possible to determine the worth of Championx Corp on a given historical date. On August 15, 2022 Championx was worth 21.22 at the beginning of the trading date compared to the closed value of 21.68. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Championx Corp stock. Still, in general, we apply an absolute valuation method to find Championx Corp's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Visa where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Championx Corp's related companies.
 Open High Low Close Volume
  21.85    22.28    21.61    22.28    917,645  
08/15/2022
  21.22    21.86    20.75    21.68    1,097,424  
  21.91    22.10    21.17    21.39    1,225,690  
Backtest Championx Corp  |  Championx Corp History  |  Championx Corp Valuation   PreviousNext  
Open Value 21.22
21.68
Closing Value
29.44
Upside

Championx Corp Trading Date Momentum on August 15, 2022

On August 16 2022 Championx Corp was traded for  21.39  at the closing time. Highest Championx Corp's price during the trading hours was 22.10  and the lowest price during the day was  21.17 . The net volume was 1.2 M. The overall trading history on the 16th of August 2022 contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 1.34% . The overall trading delta to current price is 8.07% .

Championx Corp Fundamentals Correlations and Trends

By evaluating Championx Corp's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Championx Corp's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Championx financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Championx Corp Stock history

Championx Corp investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Championx is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Championx Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Championx Corp historical stock prices may prove useful in developing a viable investing in Championx Corp
ChampionX Corporation provides chemistry solutions, and engineered equipment and technologies to oil and gas companies worldwide. ChampionX Corporation is headquartered in The Woodlands, Texas. Championx Corp operates under Oil Gas Equipment Services classification in the United States and is traded on NASDAQ Exchange. It employs 7000 people.

Championx Corp Stock Technical Analysis

Championx 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 Championx Corp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Championx 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...

Price Boundaries

Championx Corp Period Price Range

Low
August 15, 2022
High

 21.22 

  

 21.68 

0.462.17%

Championx Corp October 5, 2022 Market Strength

Market strength indicators help investors to evaluate how Championx Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Championx Corp shares will generate the highest return on investment. By undertsting and applying Championx Corp stock market strength indicators, traders can identify Championx Corp entry and exit signals to maximize returns

Championx Corp Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Championx stock's direction in advance. Along with the technical and fundamental analysis of Championx Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Championx to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen stock market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Continue to Trending Equities. Note that the Championx Corp information on this page should be used as a complementary analysis to other Championx Corp's 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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