Petroleo Brasileiro Petrobras Stock Market Value
| PBR Stock | USD 14.90 0.75 5.30% |
| Symbol | Petroleo |
Petroleo Brasileiro Price To Book Ratio
Is Oil, Gas & Consumable Fuels space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Petroleo Brasileiro. If investors know Petroleo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Petroleo Brasileiro listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.237 | Dividend Share 6.075 | Earnings Share 2.56 | Revenue Per Share 78.002 | Quarterly Revenue Growth 0.038 |
The market value of Petroleo Brasileiro is measured differently than its book value, which is the value of Petroleo that is recorded on the company's balance sheet. Investors also form their own opinion of Petroleo Brasileiro's value that differs from its market value or its book value, called intrinsic value, which is Petroleo Brasileiro's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Petroleo Brasileiro's market value can be influenced by many factors that don't directly affect Petroleo Brasileiro's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Petroleo Brasileiro's value and its price as these two are different measures arrived at by different means. Investors typically determine if Petroleo Brasileiro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Petroleo Brasileiro's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Petroleo Brasileiro 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Petroleo Brasileiro's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Petroleo Brasileiro.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Petroleo Brasileiro on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Petroleo Brasileiro Petrobras or generate 0.0% return on investment in Petroleo Brasileiro over 720 days. Petroleo Brasileiro is related to or competes with Eshallgo, Amtech Systems, Gold Fields, Aegean Airlines, Dorian LPG, Merck, and FormFactor. Petrleo Brasileiro S.A. - Petrobras explores for, produces, and sells oil and gas in Brazil and internationally More
Petroleo Brasileiro Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Petroleo Brasileiro's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Petroleo Brasileiro Petrobras upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 12.42 | |||
| Value At Risk | (2.53) | |||
| Potential Upside | 1.92 |
Petroleo Brasileiro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Petroleo Brasileiro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Petroleo Brasileiro's standard deviation. In reality, there are many statistical measures that can use Petroleo Brasileiro historical prices to predict the future Petroleo Brasileiro's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.11) |
Petroleo Brasileiro Backtested Returns
Petroleo Brasileiro maintains Sharpe Ratio (i.e., Efficiency) of -0.0431, which implies the firm had a -0.0431% return per unit of risk over the last 3 months. Petroleo Brasileiro exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Petroleo Brasileiro's Variance of 3.02, coefficient of variation of (9,026), and insignificant Risk Adjusted Performance to confirm the risk estimate we provide. The company holds a Beta of 0.28, which implies not very significant fluctuations relative to the market. As returns on the market increase, Petroleo Brasileiro's returns are expected to increase less than the market. However, during the bear market, the loss of holding Petroleo Brasileiro is expected to be smaller as well. At this point, Petroleo Brasileiro has a negative expected return of -0.0654%. Please make sure to check Petroleo Brasileiro's value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Petroleo Brasileiro performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.07 |
Virtually no predictability
Petroleo Brasileiro Petrobras has virtually no predictability. Overlapping area represents the amount of predictability between Petroleo Brasileiro time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Petroleo Brasileiro price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Petroleo Brasileiro price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
Petroleo Brasileiro lagged returns against current returns
Autocorrelation, which is Petroleo Brasileiro stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Petroleo Brasileiro's stock expected returns. We can calculate the autocorrelation of Petroleo Brasileiro returns to help us make a trade decision. For example, suppose you find that Petroleo Brasileiro has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Petroleo Brasileiro regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Petroleo Brasileiro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Petroleo Brasileiro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Petroleo Brasileiro stock over time.
Current vs Lagged Prices |
| Timeline |
Petroleo Brasileiro Lagged Returns
When evaluating Petroleo Brasileiro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Petroleo Brasileiro stock have on its future price. Petroleo Brasileiro autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Petroleo Brasileiro autocorrelation shows the relationship between Petroleo Brasileiro stock current value and its past values and can show if there is a momentum factor associated with investing in Petroleo Brasileiro Petrobras.
Regressed Prices |
| Timeline |
Pair Trading with Petroleo Brasileiro
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Petroleo Brasileiro position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Petroleo Brasileiro will appreciate offsetting losses from the drop in the long position's value.Moving together with Petroleo Stock
Moving against Petroleo Stock
| 0.69 | LB | LandBridge Company Upward Rally | PairCorr |
| 0.53 | EE | Excelerate Energy | PairCorr |
| 0.51 | TGS | Transportadora de Gas | PairCorr |
| 0.47 | YPF | YPF Sociedad Anonima | PairCorr |
| 0.45 | ET | Energy Transfer LP Aggressive Push | PairCorr |
The ability to find closely correlated positions to Petroleo Brasileiro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Petroleo Brasileiro when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Petroleo Brasileiro - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Petroleo Brasileiro Petrobras to buy it.
The correlation of Petroleo Brasileiro is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Petroleo Brasileiro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Petroleo Brasileiro moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Petroleo Brasileiro can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Petroleo Stock Analysis
When running Petroleo Brasileiro's price analysis, check to measure Petroleo Brasileiro'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 Petroleo Brasileiro is operating at the current time. Most of Petroleo Brasileiro's value examination focuses on studying past and present price action to predict the probability of Petroleo Brasileiro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Petroleo Brasileiro's price. Additionally, you may evaluate how the addition of Petroleo Brasileiro to your portfolios can decrease your overall portfolio volatility.