Petronas Gas (Malaysia) Price on October 15, 2024

6033 Stock   17.80  0.20  1.14%   
If you're considering investing in Petronas Stock, it is important to understand the factors that can impact its price. As of today, the current price of Petronas Gas stands at 17.80, as last reported on the 26th of November, with the highest price reaching 17.82 and the lowest price hitting 17.50 during the day. Petronas Gas Bhd maintains Sharpe Ratio (i.e., Efficiency) of -0.0555, which implies the firm had a -0.0555% return per unit of risk over the last 3 months. Petronas Gas Bhd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Petronas Gas' Variance of 0.2748, coefficient of variation of (2,769), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide.
  
Petronas Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0555

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Estimated Market Risk

 0.52
  actual daily
4
96% of assets are more volatile

Expected Return

 -0.03
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.06
  actual daily
0
Most of other assets perform better
Based on monthly moving average Petronas Gas 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 Petronas Gas by adding Petronas Gas to a well-diversified portfolio.

Petronas Gas Valuation on October 15, 2024

It is possible to determine the worth of Petronas Gas on a given historical date. On October 15, 2024 Petronas was worth 17.7 at the beginning of the trading date compared to the closed value of 17.7. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Petronas Gas stock. Still, in general, we apply an absolute valuation method to find Petronas Gas' 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 Petronas Gas where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Petronas Gas' related companies.
 Open High Low Close Volume
  17.62    17.74    17.62    17.70    691,600  
10/15/2024
  17.70    17.84    17.58    17.70    1,243,900  
  17.94    17.94    17.72    17.82    915,200  
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Open Value
17.7
17.7
Closing Value
19.25
Upside

Petronas Gas Trading Date Momentum on October 15, 2024

On October 16 2024 Petronas Gas Bhd was traded for  17.82  at the closing time. The highest price during the trading period was 17.94  and the lowest recorded bid was listed for  17.72 . The volume for the day was 915.2 K. This history from October 16, 2024 contributed to the next trading day price upswing. The daily price change to the next closing price was 0.68% . The trading delta at closing time to the current price is 0.34% .

Petronas Gas Bhd Fundamentals Correlations and Trends

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

About Petronas Gas Stock history

Petronas Gas 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 Petronas is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Petronas Gas Bhd 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 Petronas Gas stock prices may prove useful in developing a viable investing in Petronas Gas

Petronas Gas Stock Technical Analysis

Petronas Gas 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 Petronas Gas technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Petronas Gas 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

Petronas Gas Period Price Range

Low
November 26, 2024
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High

 0.00 

     

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Petronas Gas November 26, 2024 Market Strength

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

Petronas Gas Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Petronas Gas' price direction in advance. Along with the technical and fundamental analysis of Petronas Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Petronas 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.

Other Information on Investing in Petronas Stock

Petronas Gas financial ratios help investors to determine whether Petronas 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 Petronas with respect to the benefits of owning Petronas Gas security.