Chord Energy Corp Stock Market Value
| CHRD Stock | USD 119.46 1.54 1.31% |
| Symbol | Chord |
Chord Energy Corp Price To Book Ratio
Is Oil & Gas Exploration & Production space 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 Chord Energy. If investors know Chord 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 Chord Energy 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 (0.25) | Dividend Share 10.15 | Earnings Share 19.3 | Revenue Per Share 92.615 | Quarterly Revenue Growth 0.284 |
The market value of Chord Energy Corp is measured differently than its book value, which is the value of Chord that is recorded on the company's balance sheet. Investors also form their own opinion of Chord Energy's value that differs from its market value or its book value, called intrinsic value, which is Chord Energy'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 Chord Energy's market value can be influenced by many factors that don't directly affect Chord Energy'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 Chord Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chord Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chord Energy'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.
Chord Energy '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 Chord Energy'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 Chord Energy.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Chord Energy on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Chord Energy Corp or generate 0.0% return on investment in Chord Energy over 360 days. Chord Energy is related to or competes with Civitas Resources, Coterra Energy, HF Sinclair, and Magnolia Oil. Chord Energy Corporation operates as an independent exploration and production company More
Chord Energy 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 Chord Energy'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 Chord Energy Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 8.25 | |||
| Value At Risk | (3.71) | |||
| Potential Upside | 2.39 |
Chord Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chord Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chord Energy's standard deviation. In reality, there are many statistical measures that can use Chord Energy historical prices to predict the future Chord Energy's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.22) |
Chord Energy Corp Backtested Returns
Chord Energy Corp secures Sharpe Ratio (or Efficiency) of -0.0847, which signifies that the company had a -0.0847% return per unit of risk over the last 3 months. Chord Energy Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chord Energy's Risk Adjusted Performance of (0.04), standard deviation of 1.73, and Mean Deviation of 1.31 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.6, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chord Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chord Energy is expected to be smaller as well. At this point, Chord Energy Corp has a negative expected return of -0.15%. Please make sure to confirm Chord Energy's maximum drawdown, daily balance of power, relative strength index, as well as the relationship between the skewness and day typical price , to decide if Chord Energy Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
Chord Energy Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Chord Energy time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th of December 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 Chord Energy Corp price movement. The serial correlation of -0.8 indicates that around 80.0% of current Chord Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 261.51 |
Chord Energy Corp lagged returns against current returns
Autocorrelation, which is Chord Energy 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 Chord Energy's stock expected returns. We can calculate the autocorrelation of Chord Energy returns to help us make a trade decision. For example, suppose you find that Chord Energy 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 |
Chord Energy 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 Chord Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chord Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chord Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Chord Energy Lagged Returns
When evaluating Chord Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chord Energy stock have on its future price. Chord Energy 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, Chord Energy autocorrelation shows the relationship between Chord Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Chord Energy Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Chord Energy Corp is a strong investment it is important to analyze Chord Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Chord Energy's future performance. For an informed investment choice regarding Chord Stock, refer to the following important reports:Check out Chord Energy Correlation, Chord Energy Volatility and Chord Energy Alpha and Beta module to complement your research on Chord Energy. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Chord Energy 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.