Chevron Cdr Stock Fundamentals
| CHEV Stock | 21.66 0.07 0.32% |
CHEVRON CDR fundamentals help investors to digest information that contributes to CHEVRON CDR's financial success or failures. It also enables traders to predict the movement of CHEVRON Stock. The fundamental analysis module provides a way to measure CHEVRON CDR's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to CHEVRON CDR stock.
CHEVRON |
CHEVRON CDR Company Gross Profit Analysis
CHEVRON CDR's Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Current CHEVRON CDR Gross Profit | 98.89 B |
Most of CHEVRON CDR's fundamental indicators, such as Gross Profit, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, CHEVRON CDR is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
| Competition |
According to the company disclosure, CHEVRON CDR reported 98.89 B of gross profit. This is 17.03% lower than that of the Oil, Gas & Consumable Fuels sector and 92.71% lower than that of the Energy industry. The gross profit for all Canada stocks is significantly lower than that of the firm.
CHEVRON CDR Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining CHEVRON CDR's current stock value. Our valuation model uses many indicators to compare CHEVRON CDR value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across CHEVRON CDR competition to find correlations between indicators driving CHEVRON CDR's intrinsic value. More Info.CHEVRON CDR is the top company in current valuation category among its peers. It is rated second in price to book category among its peers . The ratio of Current Valuation to Price To Book for CHEVRON CDR is about 242,179,443,460 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the CHEVRON CDR's earnings, one of the primary drivers of an investment's value.CHEVRON Gross Profit Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses CHEVRON CDR's direct or indirect competition against its Gross Profit to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of CHEVRON CDR could also be used in its relative valuation, which is a method of valuing CHEVRON CDR by comparing valuation metrics of similar companies.CHEVRON CDR is currently under evaluation in gross profit category among its peers.
CHEVRON Fundamentals
| Current Valuation | 435.95 B | ||||
| Price To Book | 1.80 X | ||||
| Price To Sales | 1.49 X | ||||
| Gross Profit | 98.89 B | ||||
| Price To Earnings To Growth | 3.33 X | ||||
| Number Of Employees | 43.85 K | ||||
| Market Capitalization | 408.59 B | ||||
| Annual Yield | 0.01 % | ||||
| Last Dividend Paid | 6.4 |
About CHEVRON CDR Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CHEVRON CDR's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CHEVRON CDR using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CHEVRON CDR based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.CHEVRON CDR is entity of Canada. It is traded as Stock on NEO exchange.
Pair Trading with CHEVRON CDR
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CHEVRON CDR position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CHEVRON CDR will appreciate offsetting losses from the drop in the long position's value.Moving together with CHEVRON Stock
Moving against CHEVRON Stock
The ability to find closely correlated positions to CHEVRON CDR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CHEVRON CDR when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CHEVRON CDR - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CHEVRON CDR to buy it.
The correlation of CHEVRON CDR is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CHEVRON CDR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CHEVRON CDR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CHEVRON CDR can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in CHEVRON Stock
CHEVRON CDR financial ratios help investors to determine whether CHEVRON Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CHEVRON with respect to the benefits of owning CHEVRON CDR security.