Occidental Stock Alpha and Beta Analysis


USD 66.64  1.57  2.30%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Occidental Petroleum. It also helps investors analyze the systematic and unsystematic risks associated with investing in Occidental Petroleum over a specified time horizon. Remember, high Occidental Petroleum's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Please check Occidental Petroleum Backtesting, Occidental Petroleum Valuation, Occidental Petroleum Correlation, Occidental Petroleum Hype Analysis, Occidental Petroleum Volatility, Occidental Petroleum History and analyze Occidental Petroleum Performance.
Please note that although Occidental Petroleum alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, Occidental Petroleum did 0.14  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Occidental Petroleum stock's relative risk over its benchmark. Occidental Petroleum has a beta of 1.14  . 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.
Occidental Petroleum Enterprise Value over EBIT is fairly stable at the moment as compared to the past year. Occidental Petroleum reported Enterprise Value over EBIT of 85.10 in 2021. Price to Book Value is likely to rise to 1.37 in 2022, whereas Book Value per Share is likely to drop 34.37 in 2022.
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Enterprise Value

66.86 Billion

Occidental Petroleum Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Occidental Petroleum market risk premium is the additional return an investor will receive from holding Occidental Petroleum long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Occidental Petroleum. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Occidental Petroleum's performance over market.
α-0.14   β1.14
90 days against NYA

Occidental Petroleum expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Occidental Petroleum's Buy-and-hold return. Our buy-and-hold chart shows how Occidental Petroleum performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Occidental Petroleum Market Price Analysis

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

Occidental Petroleum Return and Market Media

The median price of Occidental Petroleum for the period between Tue, Sep 6, 2022 and Mon, Dec 5, 2022 is 68.46 with a coefficient of variation of 6.07. The daily time series for the period is distributed with a sample standard deviation of 4.13, arithmetic mean of 68.16, and mean deviation of 3.32. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
Vicki Hollub, CEO of Occidental Petroleum, shares why Warren...09/21/2022
Occidental Petroleum exotic insider transaction detected09/28/2022
EPS Estimate09/30/2022
Acquisition by Kerrigan Sylvia J of 40587 shares of Occident...10/05/2022
Why Chevron, Occidental Petroleum, and Devon Energy Rallied ...10/07/2022
Construction Begins on the Worlds Largest Carbon Removal Pla...10/26/2022
EPS Reported11/08/2022
Acquisition by Glenn Vangolen of 4135 shares of Occidental P...12/02/2022

About Occidental Petroleum Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Occidental or other stocks. Alpha measures the amount that position in Occidental Petroleum has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2019 2020 2021 2022 (projected)
Long Term Debt to Equity1.131.921.451.56
Interest Coverage0.612.833.253.34

Occidental Petroleum Upcoming Company Events

As portrayed in its financial statements, the presentation of Occidental Petroleum's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Occidental Petroleum's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Occidental Petroleum's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Occidental Petroleum. Please utilize our Beneish M Score to check the likelihood of Occidental Petroleum's management manipulating its earnings.
Upcoming Quarterly Report24th of February 2022
Next Financial Report9th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End24th of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

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When running Occidental Petroleum 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...