Actions of EOG Resources (NYSE: EOG) saw 10% growth over the past week, assisted by a slight increase in benchmark prices due to ongoing inventory drawdowns in the United States. So the stock is a good choice for stable returns. Given trends in stock price data, EOG Resources share is subject to change 6.1% in the following month (twenty-one trading days) according to our Machine Learning Engine.
But how would those numbers change if you wanted to hold EOG Resources shares for a longer or shorter period? You can test the answer and many other combinations on the Trefis Machine Learning Engine to test Expected return on the EOG Resources share after a rise or fall. You can test the chances of recovery over different time intervals of a quarter, a month, or even a single day!
MACHINE LEARNING MOTOR – try it yourself:
IF The EOG share has moved by -5% over five trading days, SO over the next twenty-one trading days, the EOG share moves one mean 2.1%, with a 55.9% probability of a positive return over this period.
In addition, given a -5% movement for the stock over five trading days, it has historically experienced a excess return by 0.4% to the S & P500 over the next 21 trading days, with a 47.6% percent chance of a positive excess return.
Some fun scenarios, FAQs and explanation of stock movements of EOG resources:
Question 1: Is the average return on EOG Resources shares higher after a decline?
Consider two situations,
Case 1: EOG Resources stock falls -5% or more in a week
Case 2: the stock of EOG Resources increases by 5% or more in a week
Is the expected return on EOG Resources shares higher in the next month after Case 1 or Case 2?
EOG stock fares better after case 2, with an expected return of 2.1% over the next month (21 trading days) in case 1 (where the stock has just suffered a loss of 5% during the previous week), against an expected return 2.5% for case 2.
In comparison, the S&P 500 has an expected return of 3.1% over the next 21 trading days in case 1, and an expected return of only 0.5% for case 2, as detailed in our dashboard. which details the expected return of the S&P 500 after a rise or fall.
Try the Trefis machine learning engine above to see for yourself how the stock of EOG Resources is likely to behave after a specific gain or loss over a period.
Question 2: Does patience pay?
If you buy and hold EOG Resources shares, it is expected that over time short-term fluctuations will cancel each other out and the long-term positive trend will be in your favor – at least if the company is. otherwise solid.
All in all, according to data and calculations from the machine learning engine Trefis, patience absolutely pays for most actions!
For the EOG share, the returns over the next N days after a -5% change over the last five trading days are detailed in the table below, along with the returns of the S & P500:
You can try out the engine to see what this table looks like for EOG resources after a larger loss in the week, month, or last quarter.
Question 3: What about the average return after a rise if you wait a while?
The expected return after a rise is naturally lower than after a fall, as detailed in the previous question. Interestingly, however, if a stock has won in the last few days, you’d better avoid short-term bets for most stocks – although EOG stock seems to be an exception to this general observation.
The returns of EOG over the next N days after a 5% change in the last five trading days are detailed in the table below, along with the returns of the S & P500:
It is powerful enough to test the trend for yourself for the EOG Resources stock by changing the entries in the charts above.
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