California Resources Corp Stock Probability of Future Stock Price Finishing Under 46.55
| CRC Stock | USD 50.23 0.97 1.89% |
California |
California Resources Target Price Odds to finish below 46.55
The tendency of California 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 $ 46.55 or more in 90 days |
| 50.23 | 90 days | 46.55 | near 1 |
Based on a normal probability distribution, the odds of California Resources to drop to $ 46.55 or more in 90 days from now is near 1 (This California Resources Corp probability density function shows the probability of California Stock to fall within a particular range of prices over 90 days) . Probability of California Resources Corp price to stay between $ 46.55 and its current price of $50.23 at the end of the 90-day period is about 8.61 .
Considering the 90-day investment horizon California Resources has a beta of 0.13 suggesting as returns on the market go up, California Resources average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding California Resources Corp will be expected to be much smaller as well. Additionally California Resources 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. California Resources Price Density |
| Price |
Predictive Modules for California Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as California Resources 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.California Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. California Resources is not an exception. The market had few large corrections towards the California Resources' 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 California Resources Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of California Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.01 | |
β | Beta against Dow Jones | 0.13 | |
σ | Overall volatility | 2.79 | |
Ir | Information ratio | -0.01 |
California Resources 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 California Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for California Resources 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.| California Resources generated a negative expected return over the last 90 days | |
| California Resources Corp has 610 M in debt with debt to equity (D/E) ratio of 0.42, which is OK given its current industry classification. California Resources Corp has a current ratio of 0.69, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for California to invest in growth at high rates of return. | |
| Over 95.0% of California Resources shares are held by institutions such as insurance companies | |
| Latest headline from thefly.com: California Resources initiated with neutral view at JPMorgan, heres why CRC |
California Resources 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 California Stock often depends not only on the future outlook of the current and potential California Resources' 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. California Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 72.5 M | |
| Cash And Short Term Investments | 496 M |
California Resources Technical Analysis
California Resources' future price can be derived by breaking down and analyzing its technical indicators over time. California Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of California Resources Corp. In general, you should focus on analyzing California Stock price patterns and their correlations with different microeconomic environments and drivers.
California Resources Predictive Forecast Models
California Resources' time-series forecasting models is one of many California Resources' 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 California Resources' 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 California Resources Corp
Checking the ongoing alerts about California Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for California Resources Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| California Resources generated a negative expected return over the last 90 days | |
| California Resources Corp has 610 M in debt with debt to equity (D/E) ratio of 0.42, which is OK given its current industry classification. California Resources Corp has a current ratio of 0.69, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for California to invest in growth at high rates of return. | |
| Over 95.0% of California Resources shares are held by institutions such as insurance companies | |
| Latest headline from thefly.com: California Resources initiated with neutral view at JPMorgan, heres why CRC |
Check out California Resources Backtesting, California Resources Valuation, California Resources Correlation, California Resources Hype Analysis, California Resources Volatility, California Resources History as well as California Resources Performance. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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 California Resources. If investors know California 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 California 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 (0.92) | Dividend Share 1.318 | Earnings Share 7.02 | Revenue Per Share 35.122 | Quarterly Revenue Growth 0.502 |
The market value of California Resources Corp is measured differently than its book value, which is the value of California that is recorded on the company's balance sheet. Investors also form their own opinion of California Resources' value that differs from its market value or its book value, called intrinsic value, which is California 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 California Resources' market value can be influenced by many factors that don't directly affect California 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 California Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if California Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, California 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.