Petro Rio (Brazil) Price on November 25, 2024

PRIO3 Stock  BRL 40.14  0.67  1.70%   
If you're considering investing in Petro Stock, it is important to understand the factors that can impact its price. As of today, the current price of Petro Rio stands at 40.14, as last reported on the 30th of November, with the highest price reaching 40.29 and the lowest price hitting 38.78 during the day. Petro Rio SA maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the firm had a -0.12% return per unit of risk over the last 3 months. Petro Rio SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Petro Rio's Coefficient Of Variation of (771.87), variance of 3.27, and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide.
  
Petro Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1212

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Estimated Market Risk

 1.84
  actual daily
16
84% of assets are more volatile

Expected Return

 -0.22
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.12
  actual daily
0
Most of other assets perform better
Based on monthly moving average Petro Rio 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 Petro Rio by adding Petro Rio to a well-diversified portfolio.

Petro Rio Valuation on November 25, 2024

It is possible to determine the worth of Petro Rio on a given historical date. On November 25, 2024 Petro was worth 40.4 at the beginning of the trading date compared to the closed value of 39.85. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Petro Rio stock. Still, in general, we apply an absolute valuation method to find Petro Rio'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 Petro Rio where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Petro Rio's related companies.
 Open High Low Close Volume
  39.09    40.55    39.09    40.40    15,534,700  
11/25/2024
  40.40    40.73    39.85    39.85    7,035,800  
  40.06    40.65    39.60    39.85    7,864,800  
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Open Value
40.4
39.85
Closing Value
45.93
Upside

Petro Rio Trading Date Momentum on November 25, 2024

On November 26 2024 Petro Rio SA was traded for  39.85  at the closing time. The highest price during the trading period was 40.65  and the lowest recorded bid was listed for  39.60 . The volume for the day was 7.9 M. This history from November 26, 2024 did not cause price change. The trading delta at closing time to the current price is 1.56% .

Petro Rio SA Fundamentals Correlations and Trends

By evaluating Petro Rio'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 Petro Rio's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Petro financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Petro Rio Stock history

Petro Rio 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 Petro is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Petro Rio SA 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 Petro Rio stock prices may prove useful in developing a viable investing in Petro Rio
Petro Rio S.A., together with its subsidiaries, engages in the exploration, development, and production of oil and natural gas properties in Brazil and internationally. Petro Rio S.A. was incorporated in 2009 and is headquartered in Rio de Janeiro, Brazil. PETRORIO operates under Oil Gas EP classification in Brazil and is traded on Sao Paolo Stock Exchange.

Petro Rio Stock Technical Analysis

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

Petro Rio Period Price Range

Low
November 30, 2024
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Petro Rio SA cannot be verified against its exchange. Please verify the symbol is currently traded on Sao Paulo 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.

Petro Rio November 30, 2024 Market Strength

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

Petro Rio Technical and Predictive Indicators

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

Additional Tools for Petro Stock Analysis

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