Championx Stock Market Value

CHX
 Stock
  

USD 19.68  0.17  0.86%   

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


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.
Quarterly Earnings Growth YOY
5.26
Market Capitalization
B
Quarterly Revenue Growth YOY
0.26
Return On Assets
0.0403
Return On Equity
0.0871
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.

Championx 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 Championx 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 Championx Corp.
0.00
05/03/2022
No Change 0.00  0.0 
In 2 months and 2 days
07/02/2022
0.00
If you would invest  0.00  in Championx Corp on May 3, 2022 and sell it all today you would earn a total of 0.00 from holding Championx Corp or generate 0.0% return on investment in Championx Corp over 60 days. Championx Corp is related to or competes with Core Laboratories, Halliburton, B of A, ATT, Cisco Systems, JP Morgan, and Walmart. ChampionX Corporation provides chemistry solutions, and engineered equipment and technologies to oil and gas companies w...More

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

Championx Corp Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Championx Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Championx Corp's standard deviation. In reality, there are many statistical measures that can use Championx Corp historical prices to predict the future Championx 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 Championx 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 Championx Corp in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
15.7819.2322.68
Details
Intrinsic
Valuation
LowReal ValueHigh
17.7123.7027.15
Details
Naive
Forecast
LowNext ValueHigh
16.9420.3923.84
Details
7 Analysts
Consensus
LowTarget PriceHigh
25.0029.2935.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Championx Corp. Your research has to be compared to or analyzed against Championx Corp's peers to derive any actionable benefits. When done correctly, Championx 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 Championx Corp.

Championx Corp Backtested Returns

Championx Corp secures Sharpe Ratio (or Efficiency) of -0.0868, which signifies that the company had -0.0868% of return per unit of standard deviation over the last 3 months. Macroaxis philosophy in foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Championx Corp exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Championx Corp mean deviation of 2.56, and Risk Adjusted Performance of (0.11) to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of 1.4267, which signifies a somewhat significant risk relative to the market. Let's try to break down what Championx's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Championx Corp will likely underperform. Even though it is essential to pay attention to Championx Corp historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy in foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Championx Corp exposes twenty-one different technical indicators, which can help you to evaluate its performance. Championx Corp has an expected return of -0.3%. Please be advised to confirm Championx Corp coefficient of variation, as well as the relationship between the treynor ratio and semi variance to decide if Championx Corp performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.43  

Modest reverse predictability

Championx Corp has modest reverse predictability. Overlapping area represents the amount of predictability between Championx Corp time series from 3rd of May 2022 to 2nd of June 2022 and 2nd of June 2022 to 2nd of July 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 Championx Corp price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Championx Corp price fluctuation can be explain by its past prices.
Correlation Coefficient-0.43
Spearman Rank Test-0.28
Residual Average0.0
Price Variance4.14

Championx Corp lagged returns against current returns

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

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

Championx Corp Lagged Returns

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

Championx Corp Investors Sentiment

The influence of Championx Corp's 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 Championx. 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.

Championx Corp Implied Volatility

    
  61.78  
Championx Corp's implied volatility exposes the market's sentiment of Championx Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Championx Corp's 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 Championx Corp stock will not fluctuate a lot when Championx Corp's 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 Championx Corp 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, Championx Corp's short interest history, or implied volatility extrapolated from Championx Corp options trading.

Current Sentiment - CHX

Championx Corp Investor Sentiment

Macroaxis portfolio users are unresponsive in their opinion about investing in Championx Corp. What is your opinion about investing in Championx Corp? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish

Pair Trading with Championx 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 Championx 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 Championx Corp will appreciate offsetting losses from the drop in the long position's value.

Championx Corp Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Championx 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 Championx 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 Championx 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 Championx Corp to buy it.
The correlation of Championx 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 Championx Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Championx 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 Championx 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 Championx Corp Hype Analysis, Championx Corp Correlation, Championx Corp Valuation, Championx Corp Volatility, as well as analyze Championx Corp Alpha and Beta and Championx Corp Performance. 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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

Complementary Tools for Championx Stock analysis

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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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...