Civitas Resources Stock Price on June 20, 2024

CIVI Stock  USD 43.50  1.49  3.31%   
If you're considering investing in Civitas Stock, it is important to understand the factors that can impact its price. As of today, the current price of Civitas Resources stands at 43.50, as last reported on the 18th of December 2024, with the highest price reaching 45.72 and the lowest price hitting 43.47 during the day. Civitas Resources secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. Civitas Resources exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Civitas Resources' Standard Deviation of 2.13, mean deviation of 1.66, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide.
  
Civitas Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1213

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Estimated Market Risk

 2.13
  actual daily
18
82% of assets are more volatile

Expected Return

 -0.26
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.12
  actual daily
0
Most of other assets perform better
Based on monthly moving average Civitas Resources is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Civitas Resources by adding Civitas Resources to a well-diversified portfolio.

Civitas Resources Valuation on June 20, 2024

It is possible to determine the worth of Civitas Resources on a given historical date. On June 20, 2024 Civitas was worth 64.76 at the beginning of the trading date compared to the closed value of 66.13. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Civitas Resources stock. Still, in general, we apply an absolute valuation method to find Civitas Resources' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Civitas Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Civitas Resources' related companies.
 Open High Low Close Volume
  64.63    65.34    64.35    64.94    989,474  
06/20/2024
  64.76    66.31    64.58    66.13    1,046,105  
  66.41    66.55    65.26    65.80    1,539,330  
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Open Value
64.76
66.13
Closing Value
71.15
Upside

Civitas Resources Trading Date Momentum on June 20, 2024

On June 21 2024 Civitas Resources was traded for  65.80  at the closing time. The top price for the day was 66.55  and the lowest listed price was  65.26 . The trading volume for the day was 1.5 M. The trading history from June 21, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.50% . The overall trading delta against the current closing price is 3.64% .

Civitas Resources Fundamentals Correlations and Trends

By evaluating Civitas Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Civitas Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Civitas financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Civitas Resources Stock history

Civitas Resources investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Civitas is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Civitas Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Civitas Resources stock prices may prove useful in developing a viable investing in Civitas Resources
Civitas Resources, Inc., an exploration and production company, focuses on the acquisition, development, and production of oil and natural gas in the Rocky Mountain region, primarily in the Wattenberg Field of the Denver-Julesburg Basin of Colorado. Civitas Resources, Inc. was founded in 1999 and is based in Denver, Colorado. Civitas Resources operates under Oil Gas EP classification in the United States and is traded on New York Stock Exchange. It employs 322 people.

Civitas Resources Stock Technical Analysis

Civitas 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.
A focus of Civitas Resources technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Civitas Resources trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Civitas Resources Period Price Range

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December 18, 2024
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Civitas Resources cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Civitas Resources December 18, 2024 Market Strength

Market strength indicators help investors to evaluate how Civitas Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Civitas Resources shares will generate the highest return on investment. By undertsting and applying Civitas Resources stock market strength indicators, traders can identify Civitas Resources entry and exit signals to maximize returns

Civitas Resources Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Civitas Resources' price direction in advance. Along with the technical and fundamental analysis of Civitas Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Civitas to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Civitas Stock analysis

When running Civitas Resources' price analysis, check to measure Civitas 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 Civitas Resources is operating at the current time. Most of Civitas Resources' value examination focuses on studying past and present price action to predict the probability of Civitas Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Civitas Resources' price. Additionally, you may evaluate how the addition of Civitas Resources to your portfolios can decrease your overall portfolio volatility.
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