Petrus Resources Stock Market Value
| PTRUF Stock | USD 0.93 0.01 1.06% |
| Symbol | Petrus |
Petrus Resources '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 Petrus Resources' pink sheet 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 Petrus Resources.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Petrus Resources on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Petrus Resources or generate 0.0% return on investment in Petrus Resources over 30 days. Petrus Resources is related to or competes with FAR, Epsilon Energy, PetroShale, Reserve Petroleum, Pieridae Energy, San Leon, and Enwell Energy. Petrus Resources Ltd., an energy company, engages in the acquisition, exploration, development, and exploitation of oil ... More
Petrus Resources 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 Petrus Resources' pink sheet 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 Petrus Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 13.08 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 2.08 |
Petrus Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Petrus Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Petrus Resources' standard deviation. In reality, there are many statistical measures that can use Petrus Resources historical prices to predict the future Petrus Resources' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.76) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Petrus Resources' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Petrus Resources Backtested Returns
Petrus Resources maintains Sharpe Ratio (i.e., Efficiency) of -0.0951, which implies the firm had a -0.0951 % return per unit of risk over the last 3 months. Petrus Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Petrus Resources' Variance of 3.14, coefficient of variation of (1,272), and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The company holds a Beta of 0.2, which implies not very significant fluctuations relative to the market. As returns on the market increase, Petrus Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Petrus Resources is expected to be smaller as well. At this point, Petrus Resources has a negative expected return of -0.17%. Please make sure to check Petrus Resources' 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 Petrus Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.68 |
Good predictability
Petrus Resources has good predictability. Overlapping area represents the amount of predictability between Petrus Resources time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Petrus Resources price movement. The serial correlation of 0.68 indicates that around 68.0% of current Petrus Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Petrus Resources lagged returns against current returns
Autocorrelation, which is Petrus Resources pink sheet'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 Petrus Resources' pink sheet expected returns. We can calculate the autocorrelation of Petrus Resources returns to help us make a trade decision. For example, suppose you find that Petrus Resources has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Petrus Resources 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 Petrus Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Petrus Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Petrus Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Petrus Resources Lagged Returns
When evaluating Petrus Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Petrus Resources pink sheet have on its future price. Petrus Resources 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, Petrus Resources autocorrelation shows the relationship between Petrus Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Petrus Resources.
Regressed Prices |
| Timeline |
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Other Information on Investing in Petrus Pink Sheet
Petrus Resources financial ratios help investors to determine whether Petrus Pink Sheet 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 Petrus with respect to the benefits of owning Petrus Resources security.