Petrotal Corp Stock Market Value
| PTALF Stock | USD 0.46 0.01 2.22% |
| Symbol | PetroTal |
PetroTal Corp '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 PetroTal Corp's otc 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 PetroTal Corp.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in PetroTal Corp on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding PetroTal Corp or generate 0.0% return on investment in PetroTal Corp over 720 days. PetroTal Corp is related to or competes with Permian Resources, Devon Energy, EOG Resources, Coterra Energy, Diamondback Energy, and ConocoPhillips. PetroTal Corp. engages in the exploration, appraisal, and development of crude oil and natural gas in Peru, South Americ... More
PetroTal Corp 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 PetroTal Corp's otc 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 PetroTal Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 10.78 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 4.26 |
PetroTal Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PetroTal Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PetroTal Corp's standard deviation. In reality, there are many statistical measures that can use PetroTal Corp historical prices to predict the future PetroTal Corp's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | 1.34 |
PetroTal Corp Backtested Returns
PetroTal Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.071, which implies the firm had a -0.071% return per unit of risk over the last 3 months. PetroTal Corp exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PetroTal Corp's Coefficient Of Variation of (1,392), risk adjusted performance of (0.05), and Variance of 5.2 to confirm the risk estimate we provide. The company holds a Beta of -0.13, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PetroTal Corp are expected to decrease at a much lower rate. During the bear market, PetroTal Corp is likely to outperform the market. At this point, PetroTal Corp has a negative expected return of -0.16%. Please make sure to check PetroTal Corp's treynor ratio, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if PetroTal Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.46 |
Modest reverse predictability
PetroTal Corp has modest reverse predictability. Overlapping area represents the amount of predictability between PetroTal Corp 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 PetroTal Corp price movement. The serial correlation of -0.46 indicates that about 46.0% of current PetroTal Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PetroTal Corp lagged returns against current returns
Autocorrelation, which is PetroTal Corp otc 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 PetroTal Corp's otc stock expected returns. We can calculate the autocorrelation of PetroTal Corp returns to help us make a trade decision. For example, suppose you find that PetroTal Corp has exhibited high autocorrelation historically, and you observe that the otc 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 |
PetroTal Corp 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 PetroTal Corp otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PetroTal Corp otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PetroTal Corp otc stock over time.
Current vs Lagged Prices |
| Timeline |
PetroTal Corp Lagged Returns
When evaluating PetroTal Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PetroTal Corp otc stock have on its future price. PetroTal Corp 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, PetroTal Corp autocorrelation shows the relationship between PetroTal Corp otc stock current value and its past values and can show if there is a momentum factor associated with investing in PetroTal Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in PetroTal OTC Stock
PetroTal Corp financial ratios help investors to determine whether PetroTal OTC 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 PetroTal with respect to the benefits of owning PetroTal Corp security.