Eog Resources Stock Market Value
| EOG Stock | USD 135.60 0.80 0.59% |
| Symbol | EOG |
EOG Resources Price To Book Ratio
Is EOG Resources' 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 EOG Resources. If investors know EOG 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 EOG Resources 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 (0.12) | Dividend Share 3.385 | Earnings Share 12.99 | Revenue Per Share 40.057 | Quarterly Revenue Growth (0.07) |
The market value of EOG Resources is measured differently than its book value, which is the value of EOG that is recorded on the company's balance sheet. Investors also form their own opinion of EOG Resources' value that differs from its market value or its book value, called intrinsic value, which is EOG Resources' 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 EOG Resources' market value can be influenced by many factors that don't directly affect EOG Resources' 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 EOG Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if EOG Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EOG Resources' 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.
EOG Resources '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 EOG Resources' 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 EOG Resources.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in EOG Resources on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding EOG Resources or generate 0.0% return on investment in EOG Resources over 30 days. EOG Resources is related to or competes with Pioneer Natural, Permian Resources, Devon Energy, Coterra Energy, Marathon Oil, Diamondback Energy, and ConocoPhillips. EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natura... More
EOG Resources 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 EOG Resources' 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 EOG Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.4 | |||
| Information Ratio | 0.1815 | |||
| Maximum Drawdown | 6.82 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 2.04 |
EOG Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EOG Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EOG Resources' standard deviation. In reality, there are many statistical measures that can use EOG Resources historical prices to predict the future EOG Resources' volatility.| Risk Adjusted Performance | 0.1653 | |||
| Jensen Alpha | 0.2556 | |||
| Total Risk Alpha | 0.1416 | |||
| Sortino Ratio | 0.1636 | |||
| Treynor Ratio | 0.4567 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of EOG Resources' 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.
EOG Resources Backtested Returns
EOG Resources appears to be very steady, given 3 months investment horizon. EOG Resources secures Sharpe Ratio (or Efficiency) of 0.22, which denotes the company had a 0.22% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for EOG Resources, which you can use to evaluate the volatility of the firm. Please utilize EOG Resources' downside deviation of 1.4, and Mean Deviation of 0.9629 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, EOG Resources holds a performance score of 17. The firm shows a Beta (market volatility) of 0.69, which means possible diversification benefits within a given portfolio. As returns on the market increase, EOG Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding EOG Resources is expected to be smaller as well. Please check EOG Resources' downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether EOG Resources' price patterns will revert.
Auto-correlation | -0.37 |
Poor reverse predictability
EOG Resources has poor reverse predictability. Overlapping area represents the amount of predictability between EOG Resources time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of EOG Resources price movement. The serial correlation of -0.37 indicates that just about 37.0% of current EOG Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 2.72 |
EOG Resources lagged returns against current returns
Autocorrelation, which is EOG Resources 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 EOG Resources' stock expected returns. We can calculate the autocorrelation of EOG Resources returns to help us make a trade decision. For example, suppose you find that EOG Resources 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 price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
EOG Resources 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 EOG Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EOG Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EOG Resources stock over time.
Current vs Lagged Prices |
| Timeline |
EOG Resources Lagged Returns
When evaluating EOG Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EOG Resources stock have on its future price. EOG Resources 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, EOG Resources autocorrelation shows the relationship between EOG Resources stock current value and its past values and can show if there is a momentum factor associated with investing in EOG Resources.
Regressed Prices |
| Timeline |
Pair Trading with EOG Resources
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 EOG Resources 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 EOG Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with EOG Stock
| 0.92 | AR | Antero Resources Corp Earnings Call Today | PairCorr |
| 0.92 | PR | Permian Resources Financial Report 13th of May 2024 | PairCorr |
| 0.97 | SD | SandRidge Energy Earnings Call This Week | PairCorr |
| 0.93 | SM | SM Energy | PairCorr |
Moving against EOG Stock
| 0.64 | EP | Empire Petroleum Corp | PairCorr |
The ability to find closely correlated positions to EOG Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EOG Resources 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 EOG Resources - 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 EOG Resources to buy it.
The correlation of EOG Resources is a statistical measure of how it moves in relation to other instruments. 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 EOG Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EOG Resources 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 EOG Resources 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.Check out EOG Resources Correlation, EOG Resources Volatility and EOG Resources Alpha and Beta module to complement your research on EOG Resources. For more detail on how to invest in EOG Stock please use our How to Invest in EOG Resources guide.You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for EOG Stock analysis
When running EOG Resources' price analysis, check to measure EOG Resources' 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 EOG Resources is operating at the current time. Most of EOG Resources' value examination focuses on studying past and present price action to predict the probability of EOG Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EOG Resources' price. Additionally, you may evaluate how the addition of EOG Resources to your portfolios can decrease your overall portfolio volatility.
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EOG Resources 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.