ConocoPhillips Price To Book vs. Cash And Equivalents
| COP Stock | MXN 2,050 0.00 0.00% |
For ConocoPhillips profitability analysis, we use financial ratios and fundamental drivers that measure the ability of ConocoPhillips to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well ConocoPhillips utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between ConocoPhillips's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of ConocoPhillips over time as well as its relative position and ranking within its peers.
ConocoPhillips |
ConocoPhillips Cash And Equivalents vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining ConocoPhillips's current stock value. Our valuation model uses many indicators to compare ConocoPhillips value to that of its competitors to determine the firm's financial worth. ConocoPhillips is number one stock in price to book category among its peers. It also is number one stock in cash and equivalents category among its peers creating about 2,988,271,648 of Cash And Equivalents per Price To Book. Comparative valuation analysis is a catch-all model that can be used if you cannot value ConocoPhillips by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for ConocoPhillips' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.ConocoPhillips Cash And Equivalents vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
ConocoPhillips |
| = | 2.85 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
ConocoPhillips |
| = | 8.51 B |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
ConocoPhillips Cash And Equivalents Comparison
ConocoPhillips is currently under evaluation in cash and equivalents category among its peers.
ConocoPhillips Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in ConocoPhillips, profitability is also one of the essential criteria for including it into their portfolios because, without profit, ConocoPhillips will eventually generate negative long term returns. The profitability progress is the general direction of ConocoPhillips' change in net profit over the period of time. It can combine multiple indicators of ConocoPhillips, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas , and natural gas liquids worldwide. The company was founded in 1917 and is headquartered in Houston, Texas. CONOCOPHILLIPS operates under Oil Gas EP classification in Mexico and is traded on Mexico Stock Exchange. It employs 10900 people.
ConocoPhillips Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on ConocoPhillips. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of ConocoPhillips position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the ConocoPhillips' important profitability drivers and their relationship over time.
Use ConocoPhillips in pair-trading
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 ConocoPhillips 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 ConocoPhillips will appreciate offsetting losses from the drop in the long position's value.ConocoPhillips Pair Trading
ConocoPhillips Pair Trading Analysis
The ability to find closely correlated positions to ConocoPhillips could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ConocoPhillips 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 ConocoPhillips - 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 ConocoPhillips to buy it.
The correlation of ConocoPhillips 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 ConocoPhillips moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ConocoPhillips 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 ConocoPhillips 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.Use Investing Themes to Complement your ConocoPhillips position
In addition to having ConocoPhillips in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Additional Tools for ConocoPhillips Stock Analysis
When running ConocoPhillips' price analysis, check to measure ConocoPhillips' 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 ConocoPhillips is operating at the current time. Most of ConocoPhillips' value examination focuses on studying past and present price action to predict the probability of ConocoPhillips' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ConocoPhillips' price. Additionally, you may evaluate how the addition of ConocoPhillips to your portfolios can decrease your overall portfolio volatility.