Petrolimex Insurance (Vietnam) Price on May 8, 2024
| PGI Stock | 23,500 500.00 2.17% |
If you're considering investing in Petrolimex Stock, it is important to understand the factors that can impact its price. As of today, the current price of Petrolimex Insurance stands at 23,500, as last reported on the 23rd of November, with the highest price reaching 23,500 and the lowest price hitting 23,500 during the day. Petrolimex Insurance Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.0112, which implies the firm had a -0.0112% return per unit of risk over the last 3 months. Petrolimex Insurance Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Petrolimex Insurance's Coefficient Of Variation of (1,923), risk adjusted performance of (0.03), and Variance of 4.14 to confirm the risk estimate we provide.
Petrolimex Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Petrolimex |
Sharpe Ratio = -0.0112
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Estimated Market Risk
| 1.5 actual daily | 13 87% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Petrolimex Insurance 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 Petrolimex Insurance by adding Petrolimex Insurance to a well-diversified portfolio.
Petrolimex Insurance Valuation on May 8, 2024
It is possible to determine the worth of Petrolimex Insurance on a given historical date. On May 8, 2024 Petrolimex was worth 24557.39 at the beginning of the trading date compared to the closed value of 24557.39. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Petrolimex Insurance stock. Still, in general, we apply an absolute valuation method to find Petrolimex Insurance'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 Petrolimex Insurance where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Petrolimex Insurance's related companies.
| Open | High | Low | Close | Volume | |
| 23,615 | 23,813 | 23,615 | 23,615 | 19,100 | |
05/08/2024 | 24,557 | 24,557 | 24,557 | 24,557 | 100.00 |
| 23,218 | 24,409 | 23,168 | 24,409 | 2,000 |
| Backtest Petrolimex Insurance | | | Petrolimex Insurance History | | | Petrolimex Insurance Valuation | Previous | Next |
Petrolimex Insurance Trading Date Momentum on May 8, 2024
| On May 09 2024 Petrolimex Insurance Corp was traded for 24,409 at the closing time. The maximum traded price for the trading interval was 24,409 and the lowest daily price was 23,168 . The daily volume was recorded at 2 K. The volume of trading on 9th of May 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 0.61% . The trading delta at closing time to the closing price today is 2.27% . |
About Petrolimex Insurance Stock history
Petrolimex Insurance 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 Petrolimex is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Petrolimex Insurance Corp 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 Petrolimex Insurance stock prices may prove useful in developing a viable investing in Petrolimex Insurance
Petrolimex Insurance Stock Technical Analysis
Petrolimex Insurance 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.
Price Boundaries
Petrolimex Insurance Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Petrolimex Insurance Corp cannot be verified against its exchange. Please verify the symbol is currently traded on Vietnam Stocks. 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.
Petrolimex Insurance November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Petrolimex Insurance stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Petrolimex Insurance shares will generate the highest return on investment. By undertsting and applying Petrolimex Insurance stock market strength indicators, traders can identify Petrolimex Insurance Corp entry and exit signals to maximize returns
Petrolimex Insurance Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Petrolimex Insurance's price direction in advance. Along with the technical and fundamental analysis of Petrolimex Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Petrolimex 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.
| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (1.10) |
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Other Information on Investing in Petrolimex Stock
Petrolimex Insurance financial ratios help investors to determine whether Petrolimex 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 Petrolimex with respect to the benefits of owning Petrolimex Insurance security.