Chevron Stock Market Value

CVX
 Stock
  

USD 146.51  1.73  1.19%   

Chevron Corp's market value is the price at which a share of Chevron Corp stock trades on a public exchange. It measures the collective expectations of Chevron Corp investors about the entity's future performance. 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. Continue to Chevron Corp Hype Analysis, Chevron Corp Correlation, Chevron Corp Valuation, Chevron Corp Volatility, as well as analyze Chevron Corp Alpha and Beta and Chevron Corp Performance.
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Is Chevron 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 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.
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 Chevron Corp value 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
05/06/2022
No Change 0.00  0.0 
In 2 months and 1 day
07/05/2022
0.00
If you would invest  0.00  in Chevron Corp on May 6, 2022 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 60 days. Chevron Corp is related to or competes with Berry Pete, Comstock Resources, Walmart, Dupont Denemours, Pfizer, Merck, and 3M. Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwideMore

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, frequently view 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. Please use the tools below to analyze the current value of Chevron Corp in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
143.47145.82148.17
Details
Intrinsic
Valuation
LowReal ValueHigh
125.85128.20161.16
Details
Naive
Forecast
LowNext ValueHigh
150.89153.23155.58
Details
17 Analysts
Consensus
LowTarget PriceHigh
105.00128.94155.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Chevron Corp. Your research has to be compared to or analyzed against Chevron Corp's peers to derive any actionable benefits. When done correctly, Chevron 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 Chevron Corp.

Chevron Corp Backtested Returns

Chevron Corp secures Sharpe Ratio (or Efficiency) of -0.0642, which signifies that the company had -0.0642% 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. Chevron Corp exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Chevron Corp mean deviation of 1.81, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of 0.9081, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Chevron's beta means in this case. Chevron Corp returns are very sensitive to returns on the market. As the market goes up or down, Chevron Corp is expected to follow. Even though it is essential to pay attention to Chevron 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. Chevron Corp exposes twenty-one different technical indicators, which can help you to evaluate its performance. Chevron Corp has an expected return of -0.15%. Please be advised to confirm Chevron Corp market risk adjusted performance, variance, as well as the relationship between the Variance and potential upside to decide if Chevron Corp performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.82  

Excellent reverse predictability

Chevron Corp has excellent reverse predictability. Overlapping area represents the amount of predictability between Chevron Corp time series from 6th of May 2022 to 5th of June 2022 and 5th of June 2022 to 5th 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 Chevron Corp price movement. The serial correlation of -0.82 indicates that around 82.0% of current Chevron Corp price fluctuation can be explain by its past prices.
Correlation Coefficient-0.82
Spearman Rank Test-0.78
Residual Average0.0
Price Variance182.32

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 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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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 
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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 
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      Timeline 

Chevron Corp Investors Sentiment

The influence of Chevron 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 Chevron. 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.

Chevron Corp Implied Volatility

    
  37.78  
Chevron Corp's implied volatility exposes the market's sentiment of Chevron Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Chevron 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 Chevron Corp stock will not fluctuate a lot when Chevron 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 Chevron 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, Chevron Corp's short interest history, or implied volatility extrapolated from Chevron Corp options trading.

Current Sentiment - CVX

Chevron Corp Investor Sentiment

Predominant part of Macroaxis users are currently bullish on Chevron Corp. What is your opinion about investing in Chevron Corp? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

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

Chevron Corp Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Chevron 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 Chevron 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 Chevron 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 Chevron Corp to buy it.
The correlation of Chevron 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 Chevron Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chevron 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 Chevron 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 Chevron Corp Hype Analysis, Chevron Corp Correlation, Chevron Corp Valuation, Chevron Corp Volatility, as well as analyze Chevron Corp Alpha and Beta and Chevron Corp Performance. Note that the Chevron Corp information on this page should be used as a complementary analysis to other Chevron 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 Stock Screener module to find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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