Chevron Corp Stock Probability of Future Stock Price Finishing Under 138.84
| CVX Stock | USD 150.95 1.25 0.84% |
Chevron |
Chevron Corp Target Price Odds to finish below 138.84
The tendency of Chevron Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 138.84 or more in 90 days |
| 150.95 | 90 days | 138.84 | about 6.11 |
Based on a normal probability distribution, the odds of Chevron Corp to drop to $ 138.84 or more in 90 days from now is about 6.11 (This Chevron Corp probability density function shows the probability of Chevron Stock to fall within a particular range of prices over 90 days) . Probability of Chevron Corp price to stay between $ 138.84 and its current price of $150.95 at the end of the 90-day period is about 62.23 .
Considering the 90-day investment horizon Chevron Corp has a beta of 0.96 suggesting Chevron Corp market returns are sensitive to returns on the market. As the market goes up or down, Chevron Corp is expected to follow. Additionally Chevron Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Chevron Corp Price Density |
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Predictive Modules for Chevron Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Chevron Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chevron Corp'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.
Chevron Corp Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Chevron Corp is not an exception. The market had few large corrections towards the Chevron Corp's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Chevron Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Chevron Corp within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.15 | |
β | Beta against Dow Jones | 0.96 | |
σ | Overall volatility | 6.00 | |
Ir | Information ratio | -0.12 |
Chevron Corp Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Chevron Corp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Chevron Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Chevron Corp generated a negative expected return over the last 90 days | |
| Chevron Corp has a poor financial position based on the latest SEC disclosures | |
| About 69.0% of the company shares are held by institutions such as insurance companies | |
| On 10th of September 2024 Chevron Corp paid $ 1.63 per share dividend to its current shareholders | |
| Latest headline from zacks.com: Chevron Ascends While Market Falls Some Facts to Note |
Chevron Corp Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Chevron Stock often depends not only on the future outlook of the current and potential Chevron Corp's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Chevron Corp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.9 B | |
| Cash And Short Term Investments | 8.5 B |
Chevron Corp Technical Analysis
Chevron Corp's future price can be derived by breaking down and analyzing its technical indicators over time. Chevron Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Chevron Corp. In general, you should focus on analyzing Chevron Stock price patterns and their correlations with different microeconomic environments and drivers.
Chevron Corp Predictive Forecast Models
Chevron Corp's time-series forecasting models is one of many Chevron Corp's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Chevron Corp's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Chevron Corp
Checking the ongoing alerts about Chevron Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Chevron Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Chevron Corp generated a negative expected return over the last 90 days | |
| Chevron Corp has a poor financial position based on the latest SEC disclosures | |
| About 69.0% of the company shares are held by institutions such as insurance companies | |
| On 10th of September 2024 Chevron Corp paid $ 1.63 per share dividend to its current shareholders | |
| Latest headline from zacks.com: Chevron Ascends While Market Falls Some Facts to Note |
Additional Tools for Chevron Stock Analysis
When running Chevron Corp's price analysis, check to measure Chevron Corp'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 Chevron Corp is operating at the current time. Most of Chevron Corp's value examination focuses on studying past and present price action to predict the probability of Chevron Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chevron Corp's price. Additionally, you may evaluate how the addition of Chevron Corp to your portfolios can decrease your overall portfolio volatility.