Petro Rio (Brazil) Market Value
| PRIO3 Stock | BRL 40.40 1.27 3.25% |
| Symbol | Petro |
Petro Rio '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 Petro Rio'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 Petro Rio.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Petro Rio on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Petro Rio SA or generate 0.0% return on investment in Petro Rio over 360 days. Petro Rio is related to or competes with Mitsubishi UFJ, Sumitomo Mitsui, Toyota, Banco Santander, Nomura Holdings, Sony, and Honda. Petro Rio S.A., together with its subsidiaries, engages in the exploration, development, and production of oil and natur... More
Petro Rio 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 Petro Rio'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 Petro Rio SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 9.24 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 2.58 |
Petro Rio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Petro Rio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Petro Rio's standard deviation. In reality, there are many statistical measures that can use Petro Rio historical prices to predict the future Petro Rio's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.41) |
Petro Rio SA Backtested Returns
Petro Rio SA maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13% return per unit of risk over the last 3 months. Petro Rio SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Petro Rio's Risk Adjusted Performance of (0.08), variance of 3.23, and Coefficient Of Variation of (862.96) to confirm the risk estimate we provide. The company holds a Beta of 0.53, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Petro Rio's returns are expected to increase less than the market. However, during the bear market, the loss of holding Petro Rio is expected to be smaller as well. At this point, Petro Rio SA has a negative expected return of -0.23%. Please make sure to check Petro Rio's kurtosis, daily balance of power, and the relationship between the skewness and accumulation distribution , to decide if Petro Rio SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.09 |
Very weak reverse predictability
Petro Rio SA has very weak reverse predictability. Overlapping area represents the amount of predictability between Petro Rio time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Petro Rio SA price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Petro Rio price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 6.81 |
Petro Rio SA lagged returns against current returns
Autocorrelation, which is Petro Rio 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 Petro Rio's stock expected returns. We can calculate the autocorrelation of Petro Rio returns to help us make a trade decision. For example, suppose you find that Petro Rio 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 |
Petro Rio 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 Petro Rio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Petro Rio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Petro Rio stock over time.
Current vs Lagged Prices |
| Timeline |
Petro Rio Lagged Returns
When evaluating Petro Rio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Petro Rio stock have on its future price. Petro Rio 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, Petro Rio autocorrelation shows the relationship between Petro Rio stock current value and its past values and can show if there is a momentum factor associated with investing in Petro Rio SA.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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.