3R Petroleum (Brazil) Price on April 5, 2024

RRRP3 Stock  BRL 16.26  0.59  3.50%   
If you're considering investing in RRRP3 Stock, it is important to understand the factors that can impact its price. As of today, the current price of 3R Petroleum stands at 16.26, as last reported on the 2nd of December, with the highest price reaching 16.94 and the lowest price hitting 16.13 during the day. 3R Petroleum leo retains Efficiency (Sharpe Ratio) of -0.26, which signifies that the company had a -0.26% return per unit of price deviation over the last 3 months. 3R Petroleum exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 3R Petroleum's Market Risk Adjusted Performance of 125.09, information ratio of (0.33), and Variance of 8.93 to double-check the risk estimate we provide.
  
RRRP3 Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.2607

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Estimated Market Risk

 3.23
  actual daily
28
72% of assets are more volatile

Expected Return

 -0.84
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.26
  actual daily
0
Most of other assets perform better
Based on monthly moving average 3R Petroleum 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 3R Petroleum by adding 3R Petroleum to a well-diversified portfolio.

3R Petroleum Valuation on April 5, 2024

It is possible to determine the worth of 3R Petroleum on a given historical date. On April 5, 2024 RRRP3 was worth 34.46 at the beginning of the trading date compared to the closed value of 34.02. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of 3R Petroleum stock. Still, in general, we apply an absolute valuation method to find 3R Petroleum'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 3R Petroleum where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against 3R Petroleum's related companies.
 Open High Low Close Volume
  34.22    35.19    34.21    34.42    4,915,000  
04/05/2024
  34.46    34.80    33.66    34.02    4,289,200  
  34.14    35.02    33.88    34.46    3,968,400  
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Open Value
34.46
34.02
Closing Value
44.15
Upside

3R Petroleum Trading Date Momentum on April 5, 2024

On April 08 2024 3R Petroleum leo was traded for  34.46  at the closing time. The highest price during the trading period was 35.02  and the lowest recorded bid was listed for  33.88 . The volume for the day was 4 M. This history from April 8, 2024 contributed to the next trading day price appreciation. The trading delta at closing time to the next closing price was 1.29% . The daily price change to the current price is 1.88% .

3R Petroleum leo Fundamentals Correlations and Trends

By evaluating 3R Petroleum'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 3R Petroleum's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. RRRP3 financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About 3R Petroleum Stock history

3R Petroleum 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 RRRP3 is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in 3R Petroleum leo 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 3R Petroleum stock prices may prove useful in developing a viable investing in 3R Petroleum
3R Petroleum leo e Gs S.A. engages in the exploration and production of oil and natural gas in Brazil. It holds portfolio of assets located in the Potiguar Basin that includes the Poles Macau, Pescada Arabaiana, and Fazenda Belm in the Recncavo Basin, which comprises the Rio Ventura and Recncavo in the Esprito Santo Basin that consist of the Polo Pero and in the Campos Basin that include Papa-Terra. 3R Petroleum leo e Gs S.A. was incorporated in 2010 and is headquartered in Rio de Janeiro, Brazil. 3R PETROLEUMON operates under Oil Gas EP classification in Brazil and is traded on Sao Paolo Stock Exchange.

3R Petroleum Stock Technical Analysis

3R Petroleum 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 3R Petroleum technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of 3R Petroleum 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

3R Petroleum Period Price Range

Low
December 2, 2024
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High

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3R Petroleum leo 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.

3R Petroleum December 2, 2024 Market Strength

Market strength indicators help investors to evaluate how 3R Petroleum stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 3R Petroleum shares will generate the highest return on investment. By undertsting and applying 3R Petroleum stock market strength indicators, traders can identify 3R Petroleum leo entry and exit signals to maximize returns

3R Petroleum Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for 3R Petroleum's price direction in advance. Along with the technical and fundamental analysis of RRRP3 Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of RRRP3 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 RRRP3 Stock Analysis

When running 3R Petroleum's price analysis, check to measure 3R Petroleum'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 3R Petroleum is operating at the current time. Most of 3R Petroleum's value examination focuses on studying past and present price action to predict the probability of 3R Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 3R Petroleum's price. Additionally, you may evaluate how the addition of 3R Petroleum to your portfolios can decrease your overall portfolio volatility.