Occidental Stock Performance

OXY
 Stock
  

USD 66.17  2.11  3.29%   

On a scale of 0 to 100, Occidental Petroleum holds a performance score of 5. The company holds a Beta of 0.8608, which implies possible diversification benefits within a given portfolio. Let's try to break down what Occidental's beta means in this case. Occidental Petroleum returns are very sensitive to returns on the market. As the market goes up or down, Occidental Petroleum is expected to follow. 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 0.22% will be sustainable into the future. Please employ Occidental Petroleum Corp coefficient of variation, maximum drawdown, skewness, as well as the relationship between the total risk alpha and downside variance to make a quick decision on whether Occidental Petroleum historical price patterns will revert.
  
Occidental Performance
5 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Occidental Petroleum Corp are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. In spite of fairly conflicting basic indicators, Occidental Petroleum showed solid returns over the last few months and may actually be approaching a breakup point. ...more

Occidental Price Channel

Quick Ratio0.84
Fifty Two Week Low26.05
Target High Price110.00
Fifty Two Week High77.13
Payout Ratio2.42%
Trailing Annual Dividend Yield1.33%
Target Low Price52.00

Occidental Petroleum Relative Risk vs. Return Landscape

If you would invest  5,911  in Occidental Petroleum Corp on July 6, 2022 and sell it today you would earn a total of  706.00  from holding Occidental Petroleum Corp or generate 11.94% return on investment over 90 days. Occidental Petroleum Corp is generating 0.2242% of daily returns assuming volatility of 3.1318% on return distribution over 90 days investment horizon. In other words, 27% of stocks are less volatile than Occidental, and above 96% of all equities are expected to generate higher returns over the next 90 days.
  Daily Expected Return (%)  
       Risk (%)  
Considering the 90-day investment horizon Occidental Petroleum is expected to generate 2.51 times more return on investment than the market. However, the company is 2.51 times more volatile than its market benchmark. It trades about 0.07 of its potential returns per unit of risk. The DOW is currently generating roughly -0.02 per unit of risk.

Occidental Petroleum Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Occidental Petroleum's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Occidental Petroleum Corp, and traders can use it to determine the average amount a Occidental Petroleum's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0716

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Estimated Market Risk
 3.13
  actual daily
 
 27 %
of total potential
 
2727
Expected Return
 0.22
  actual daily
 
 4 %
of total potential
 
44
Risk-Adjusted Return
 0.07
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 5 %
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55
Based on monthly moving average Occidental Petroleum is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Occidental Petroleum by adding it to a well-diversified portfolio.

About Occidental Petroleum Performance

To evaluate Occidental Petroleum Corp Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Occidental Petroleum generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Occidental Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Occidental Petroleum Corp market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Occidental's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, Africa, and Latin America. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas. Occidental Petroleum operates under Oil Gas EP classification in the United States and is traded on New York Stock Exchange. It employs 11678 people.

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. 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 Alerts

Equity Alerts and Improvement Suggestions

Occidental Petroleum has very high historical volatility over the last 90 days
Over 85.0% of the company shares are owned by institutional investors
Latest headline from www.nasdaq.com: Why Chevron, Occidental Petroleum, and Devon Energy Rocketed Higher Today - Nasdaq
Please check Your Equity Center. You can also try Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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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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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.