Occidental Petroleum (Brazil) Market Value
| OXYP34 Stock | BRL 59.99 2.16 3.74% |
| Symbol | Occidental |
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.
| 03/28/2024 |
| 04/27/2024 |
If you would invest 0.00 in Occidental Petroleum on March 28, 2024 and sell it all today you would earn a total of 0.00 from holding Occidental Petroleum or generate 0.0% return on investment in Occidental Petroleum over 30 days. Occidental Petroleum is related to or competes with Petro Rio, Banco BTG, Ambipar Participaes, Mliuz SA, and Pet Center. 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 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.13 | |||
| Information Ratio | 0.2097 | |||
| Maximum Drawdown | 6.88 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 3.41 |
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.| Risk Adjusted Performance | 0.1772 | |||
| Jensen Alpha | 0.327 | |||
| Total Risk Alpha | 0.1916 | |||
| Sortino Ratio | 0.2518 | |||
| Treynor Ratio | 0.7815 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
Occidental Petroleum Backtested Returns
Occidental Petroleum appears to be very steady, given 3 months investment horizon. Occidental Petroleum maintains Sharpe Ratio (i.e., Efficiency) of 0.27, which implies the firm had a 0.27% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Occidental Petroleum, which you can use to evaluate the volatility of the company. Please evaluate Occidental Petroleum's Semi Deviation of 0.6725, risk adjusted performance of 0.1772, and Coefficient Of Variation of 363.07 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Occidental Petroleum holds a performance score of 21. The company holds a Beta of 0.47, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Occidental Petroleum's returns are expected to increase less than the market. However, during the bear market, the loss of holding Occidental Petroleum is expected to be smaller as well. Please check Occidental Petroleum's total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to make a quick decision on whether Occidental Petroleum's historical price patterns will revert.
Auto-correlation | 0.13 |
Insignificant predictability
Occidental Petroleum has insignificant predictability. Overlapping area represents the amount of predictability between Occidental Petroleum time series from 28th of March 2024 to 12th of April 2024 and 12th of April 2024 to 27th 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 Occidental Petroleum price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Occidental Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.74 |
Occidental Petroleum 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 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 |
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 |
| 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.
Regressed Prices |
| Timeline |
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 Occidental Petroleum 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, Occidental Petroleum's short interest history, or implied volatility extrapolated from Occidental Petroleum options trading.
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Try AI Portfolio ArchitectCheck out Occidental Petroleum Correlation, Occidental Petroleum Volatility and Occidental Petroleum Alpha and Beta module to complement your research on Occidental Petroleum. For information on how to trade Occidental Stock refer to our How to Trade Occidental Stock guide.Note that the Occidental Petroleum information on this page should be used as a complementary analysis to other Occidental Petroleum'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 the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Occidental Stock analysis
When running Occidental Petroleum's 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 the 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.