Petronor (Norway) Market Value
| PNOR Stock | NOK 10.02 0.03 0.30% |
| Symbol | Petronor |
Petronor '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 Petronor'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 Petronor.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Petronor on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Petronor EP or generate 0.0% return on investment in Petronor over 30 days. Petronor is related to or competes with Odfjell Drilling, Sparebank, NorAm Drilling, Romerike Sparebank, Sparebanken Ost, Arcticzymes Technologies, and Nordic Mining. PetroNor EP Limited operates as an oil and gas exploration and production company in West Africa More
Petronor 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 Petronor'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 Petronor EP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.08 | |||
| Information Ratio | 0.0168 | |||
| Maximum Drawdown | 22.48 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 4.55 |
Petronor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Petronor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Petronor's standard deviation. In reality, there are many statistical measures that can use Petronor historical prices to predict the future Petronor's volatility.| Risk Adjusted Performance | 0.0522 | |||
| Jensen Alpha | 0.2656 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | 0.0269 | |||
| Treynor Ratio | (0.29) |
Petronor EP Backtested Returns
Petronor appears to be somewhat reliable, given 3 months investment horizon. Petronor EP maintains Sharpe Ratio (i.e., Efficiency) of 0.067, which implies the firm had a 0.067% return per unit of risk over the last 3 months. We have found thirty technical indicators for Petronor EP, which you can use to evaluate the volatility of the company. Please evaluate Petronor's Risk Adjusted Performance of 0.0522, coefficient of variation of 1716.58, and Semi Deviation of 1.95 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Petronor holds a performance score of 5. The company holds a Beta of -0.64, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Petronor are expected to decrease at a much lower rate. During the bear market, Petronor is likely to outperform the market. Please check Petronor's value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Petronor's historical price patterns will revert.
Auto-correlation | 0.50 |
Modest predictability
Petronor EP has modest predictability. Overlapping area represents the amount of predictability between Petronor time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Petronor EP price movement. The serial correlation of 0.5 indicates that about 50.0% of current Petronor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Petronor EP lagged returns against current returns
Autocorrelation, which is Petronor 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 Petronor's stock expected returns. We can calculate the autocorrelation of Petronor returns to help us make a trade decision. For example, suppose you find that Petronor 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 |
Petronor 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 Petronor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Petronor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Petronor stock over time.
Current vs Lagged Prices |
| Timeline |
Petronor Lagged Returns
When evaluating Petronor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Petronor stock have on its future price. Petronor 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, Petronor autocorrelation shows the relationship between Petronor stock current value and its past values and can show if there is a momentum factor associated with investing in Petronor EP.
Regressed Prices |
| Timeline |
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Petronor financial ratios help investors to determine whether Petronor 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 Petronor with respect to the benefits of owning Petronor security.