Southern California Gas Stock Beta
| SOCGP Stock | USD 25.87 0.22 0.86% |
Southern California Gas fundamentals help investors to digest information that contributes to Southern California's financial success or failures. It also enables traders to predict the movement of Southern OTC Stock. The fundamental analysis module provides a way to measure Southern California'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 Southern California otc stock.
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Southern California Gas OTC Stock Beta Analysis
Southern California's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Southern California Beta | 0.02 |
Most of Southern California's fundamental indicators, such as Beta, 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, Southern California Gas is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, Southern California Gas has a Beta of 0.02. This is 98.82% lower than that of the Energy sector and 98.46% lower than that of the Oil & Gas Midstream industry. The beta for all United States stocks is 113.33% lower than that of the firm.
Southern Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Southern California's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the otc stocks which would be a good addition to a portfolio. Peer analysis of Southern California could also be used in its relative valuation, which is a method of valuing Southern California by comparing valuation metrics of similar companies.Southern California is currently under evaluation in beta category among its peers.
As returns on the market increase, Southern California's returns are expected to increase less than the market. However, during the bear market, the loss of holding Southern California is expected to be smaller as well.
Southern Fundamentals
| Price To Earning | 5.45 X | |||
| Revenue | 5.51 B | |||
| EBITDA | 137 M | |||
| Net Income | (426 M) | |||
| Cash And Equivalents | 11 M | |||
| Cash Per Share | 0.12 X | |||
| Total Debt | 4.77 B | |||
| Debt To Equity | 74.70 % | |||
| Current Ratio | 0.46 X | |||
| Book Value Per Share | 45.17 X | |||
| Cash Flow From Operations | 1.03 B | |||
| Number Of Employees | 7.55 K | |||
| Beta | 0.02 | |||
| Market Capitalization | 2.38 B | |||
| Total Asset | 20.32 B | |||
| Annual Yield | 0.05 % | |||
| Five Year Return | 5.14 % | |||
| Net Asset | 20.32 B | |||
| Last Dividend Paid | 0.38 |
About Southern California Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Southern California Gas's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Southern California using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Southern California Gas based on its fundamental data. In general, a quantitative approach, as applied to this otc stock, 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.
Pair Trading with Southern California
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 Southern California 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 Southern California will appreciate offsetting losses from the drop in the long position's value.Moving against Southern OTC Stock
| 0.57 | LNG | Cheniere Energy | PairCorr |
| 0.53 | EPD | Enterprise Products | PairCorr |
| 0.52 | OKE | ONEOK Inc | PairCorr |
| 0.46 | LUNR | Intuitive Machines | PairCorr |
| 0.42 | WMB | Williams Companies | PairCorr |
The ability to find closely correlated positions to Southern California could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Southern California 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 Southern California - 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 Southern California Gas to buy it.
The correlation of Southern California 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 Southern California moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Southern California Gas 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 Southern California 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.Additional Tools for Southern OTC Stock Analysis
When running Southern California's price analysis, check to measure Southern California'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 Southern California is operating at the current time. Most of Southern California's value examination focuses on studying past and present price action to predict the probability of Southern California's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Southern California's price. Additionally, you may evaluate how the addition of Southern California to your portfolios can decrease your overall portfolio volatility.