Occidental Stock Market Value

OXY
 Stock
  

USD 61.45  0.66  1.06%   

Occidental Petroleum's market value is the price at which a share of Occidental Petroleum stock trades on a public exchange. It measures the collective expectations of Occidental Petroleum Corp investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Occidental Petroleum Corp and determine expected loss or profit from investing in Occidental Petroleum over a given investment horizon. Please check Occidental Petroleum Correlation, Occidental Petroleum Volatility and Occidental Petroleum Alpha and Beta module to complement your research on Occidental Petroleum.
Symbol


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.
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.

Occidental Petroleum '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 Occidental Petroleum'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 Occidental Petroleum.
0.00
09/03/2022
No Change 0.00  0.0 
In 30 days
10/03/2022
0.00
If you would invest  0.00  in Occidental Petroleum on September 3, 2022 and sell it all today you would earn a total of 0.00 from holding Occidental Petroleum Corp or generate 0.0% return on investment in Occidental Petroleum over 30 days. Occidental Petroleum is related to or competes with Amazon. Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and developme... More

Occidental Petroleum 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 Occidental Petroleum'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 Occidental Petroleum Corp upside and downside potential and time the market with a certain degree of confidence.

Occidental Petroleum Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Occidental Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Occidental Petroleum's standard deviation. In reality, there are many statistical measures that can use Occidental Petroleum historical prices to predict the future Occidental Petroleum's volatility.
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
58.4861.5264.56
Details
Intrinsic
Valuation
LowReal ValueHigh
48.8951.9367.60
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 Corp Backtested Returns

We consider Occidental Petroleum very steady. Occidental Petroleum Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0347, which implies the firm had 0.0347% 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-one technical indicators for Occidental Petroleum Corp, which you can use to evaluate the future volatility of the company. Please check Occidental Petroleum Corp Semi Deviation of 2.52, risk adjusted performance of 0.0453, and Coefficient Of Variation of 2920.66 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%.
Occidental Petroleum has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of 0.803, which implies possible diversification benefits within a given portfolio. Let's try to break down what Occidental's beta means in this case. As returns on the market increase, Occidental Petroleum returns are expected to increase less than the market. However, during the bear market, the loss on holding Occidental Petroleum will be expected to be smaller as well. Although it is important to respect Occidental Petroleum Corp current trending patterns, it is better to be realistic regarding the information on the equity's 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 Occidental Petroleum Corp technical indicators, you can presently evaluate if the expected return of 0.11% will be sustainable into the future. Occidental Petroleum Corp right now holds a risk of 3.06%. Please check Occidental Petroleum Corp coefficient of variation, maximum drawdown, skewness, as well as the relationship between the information ratio and downside variance to decide if Occidental Petroleum Corp will be following its historical price patterns.

Auto-correlation

    
  -0.25  

Weak reverse predictability

Occidental Petroleum Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Occidental Petroleum time series from 3rd of September 2022 to 18th of September 2022 and 18th of September 2022 to 3rd of October 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 Occidental Petroleum Corp price movement. The serial correlation of -0.25 indicates that over 25.0% of current Occidental Petroleum price fluctuation can be explain by its past prices.
Correlation Coefficient-0.25
Spearman Rank Test0.18
Residual Average0.0
Price Variance4.92

Occidental Petroleum Corp lagged returns against current returns

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

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

Occidental Petroleum Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Occidental Petroleum without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Occidental Petroleum Corp using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Please check Occidental Petroleum Correlation, Occidental Petroleum Volatility and Occidental Petroleum Alpha and Beta module to complement your research on Occidental Petroleum. You can also try Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

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