Petrosea Tbk (Indonesia) Market Value
| PTRO Stock | IDR 19,025 150.00 0.79% |
| Symbol | Petrosea |
Petrosea Tbk '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 Petrosea Tbk'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 Petrosea Tbk.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Petrosea Tbk on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Petrosea Tbk or generate 0.0% return on investment in Petrosea Tbk over 720 days. Petrosea Tbk is related to or competes with Indika Energy, Harum Energy, Indo Tambangraya, Gajah Tunggal, and Delta Dunia. More
Petrosea Tbk 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 Petrosea Tbk'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 Petrosea Tbk upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.97 | |||
| Information Ratio | 0.2352 | |||
| Maximum Drawdown | 30.22 | |||
| Value At Risk | (4.07) | |||
| Potential Upside | 10.24 |
Petrosea Tbk Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Petrosea Tbk's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Petrosea Tbk's standard deviation. In reality, there are many statistical measures that can use Petrosea Tbk historical prices to predict the future Petrosea Tbk's volatility.| Risk Adjusted Performance | 0.2078 | |||
| Jensen Alpha | 1.35 | |||
| Total Risk Alpha | 0.5201 | |||
| Sortino Ratio | 0.3983 | |||
| Treynor Ratio | (3.02) |
Petrosea Tbk Backtested Returns
Petrosea Tbk is very steady given 3 months investment horizon. Petrosea Tbk maintains Sharpe Ratio (i.e., Efficiency) of 0.22, which implies the firm had a 0.22% return per unit of risk over the last 3 months. We were able to collect data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.0% are justified by taking the suggested risk. Use Petrosea Tbk Coefficient Of Variation of 383.43, risk adjusted performance of 0.2078, and Semi Deviation of 2.35 to evaluate company specific risk that cannot be diversified away. Petrosea Tbk holds a performance score of 17 on a scale of zero to a hundred. The company holds a Beta of -0.43, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Petrosea Tbk are expected to decrease at a much lower rate. During the bear market, Petrosea Tbk is likely to outperform the market. Use Petrosea Tbk treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to analyze future returns on Petrosea Tbk.
Auto-correlation | -0.61 |
Very good reverse predictability
Petrosea Tbk has very good reverse predictability. Overlapping area represents the amount of predictability between Petrosea Tbk time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th 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 Petrosea Tbk price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Petrosea Tbk price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 19.3 M |
Petrosea Tbk lagged returns against current returns
Autocorrelation, which is Petrosea Tbk 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 Petrosea Tbk's stock expected returns. We can calculate the autocorrelation of Petrosea Tbk returns to help us make a trade decision. For example, suppose you find that Petrosea Tbk 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 |
Petrosea Tbk 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 Petrosea Tbk stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Petrosea Tbk stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Petrosea Tbk stock over time.
Current vs Lagged Prices |
| Timeline |
Petrosea Tbk Lagged Returns
When evaluating Petrosea Tbk's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Petrosea Tbk stock have on its future price. Petrosea Tbk 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, Petrosea Tbk autocorrelation shows the relationship between Petrosea Tbk stock current value and its past values and can show if there is a momentum factor associated with investing in Petrosea Tbk.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Petrosea Stock
Petrosea Tbk financial ratios help investors to determine whether Petrosea 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 Petrosea with respect to the benefits of owning Petrosea Tbk security.