Alvopetro Energy Stock Price on July 3, 2024

ALVOF Stock  USD 3.26  0.02  0.61%   
If you're considering investing in Alvopetro OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of Alvopetro Energy stands at 3.26, as last reported on the 23rd of November, with the highest price reaching 3.28 and the lowest price hitting 3.25 during the day. Alvopetro Energy secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had a -0.15% return per unit of risk over the last 3 months. Alvopetro Energy exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alvopetro Energy's Risk Adjusted Performance of (0.1), standard deviation of 1.24, and Mean Deviation of 0.8744 to double-check the risk estimate we provide.
  
Alvopetro OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1519

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Estimated Market Risk

 1.23
  actual daily
10
90% of assets are more volatile

Expected Return

 -0.19
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.15
  actual daily
0
Most of other assets perform better
Based on monthly moving average Alvopetro Energy 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 Alvopetro Energy by adding Alvopetro Energy to a well-diversified portfolio.

Alvopetro Energy Valuation on July 3, 2024

It is possible to determine the worth of Alvopetro Energy on a given historical date. On July 3, 2024 Alvopetro was worth 3.29 at the beginning of the trading date compared to the closed value of 3.26. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alvopetro Energy otc stock. Still, in general, we apply an absolute valuation method to find Alvopetro Energy's 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 Alvopetro Energy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alvopetro Energy's related companies.
 Open High Low Close Volume
  3.25    3.25    3.25    3.25    1,938  
07/03/2024
  3.29    3.29    3.26    3.26    7,731  
  3.69    3.77    3.61    3.62    50,865  
Backtest Alvopetro Energy  |  Alvopetro Energy History  |  Alvopetro Energy Valuation   PreviousNext  
Open Value
3.29
3.26
Closing Value
6.99
Upside

Alvopetro Energy Trading Date Momentum on July 3, 2024

On July 05 2024 Alvopetro Energy was traded for  3.62  at the closing time. The highest daily price throughout the period was 3.77  and the lowest price was  3.61 . The daily volume was 50.9 K. The net trading volume on 07/05/2024 added to the next day price rise. The overall trading delta to closing price of the next trading day was 11.04% . The overall trading delta to current closing price is 1.84% .

Alvopetro Energy Fundamentals Correlations and Trends

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

About Alvopetro Energy OTC Stock history

Alvopetro Energy 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 Alvopetro is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Alvopetro Energy 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 Alvopetro Energy stock prices may prove useful in developing a viable investing in Alvopetro Energy
Alvopetro Energy Ltd. engages in the acquisition, exploration, development, and production of hydrocarbons. The company was incorporated in 2013 and is headquartered in Calgary, Canada. Alvopetro Energy operates under Oil Gas EP classification in the United States and is traded on OTC Exchange.

Alvopetro Energy OTC Stock Technical Analysis

Alvopetro Energy technical otc 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, otc market cycles, or different charting patterns.
A focus of Alvopetro Energy technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Alvopetro Energy 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

Alvopetro Energy Period Price Range

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November 23, 2024
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Alvopetro Energy cannot be verified against its exchange. Please verify the symbol is currently traded on OTCQX Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Alvopetro Energy November 23, 2024 Market Strength

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

Alvopetro Energy Technical and Predictive Indicators

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

Complementary Tools for Alvopetro OTC Stock analysis

When running Alvopetro Energy's price analysis, check to measure Alvopetro Energy'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 Alvopetro Energy is operating at the current time. Most of Alvopetro Energy's value examination focuses on studying past and present price action to predict the probability of Alvopetro Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alvopetro Energy's price. Additionally, you may evaluate how the addition of Alvopetro Energy to your portfolios can decrease your overall portfolio volatility.
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