Petroreconcavo (Brazil) Market Value
| RECV3 Stock | BRL 16.20 0.46 2.76% |
| Symbol | Petroreconcavo |
Petroreconcavo '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 Petroreconcavo'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 Petroreconcavo.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Petroreconcavo on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Petroreconcavo SA or generate 0.0% return on investment in Petroreconcavo over 30 days. Petroreconcavo is related to or competes with Petro Rio, Banco BTG, Ambipar Participaes, Mliuz SA, and Pet Center. Petroreconcavo S.A. engages in the exploration, production, transportation, processing, and commercialization of oil and... More
Petroreconcavo 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 Petroreconcavo'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 Petroreconcavo SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 14.28 | |||
| Value At Risk | (2.80) | |||
| Potential Upside | 2.64 |
Petroreconcavo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Petroreconcavo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Petroreconcavo's standard deviation. In reality, there are many statistical measures that can use Petroreconcavo historical prices to predict the future Petroreconcavo's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (0.53) |
Petroreconcavo SA Backtested Returns
Petroreconcavo SA maintains Sharpe Ratio (i.e., Efficiency) of -0.0852, which implies the firm had a -0.0852% return per unit of risk over the last 3 months. Petroreconcavo SA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Petroreconcavo's Coefficient Of Variation of (804.17), variance of 4.31, and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The company holds a Beta of 0.5, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Petroreconcavo's returns are expected to increase less than the market. However, during the bear market, the loss of holding Petroreconcavo is expected to be smaller as well. At this point, Petroreconcavo SA has a negative expected return of -0.18%. Please make sure to check Petroreconcavo's kurtosis, daily balance of power, and the relationship between the skewness and accumulation distribution , to decide if Petroreconcavo SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.64 |
Very good reverse predictability
Petroreconcavo SA has very good reverse predictability. Overlapping area represents the amount of predictability between Petroreconcavo time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Petroreconcavo SA price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Petroreconcavo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Petroreconcavo SA lagged returns against current returns
Autocorrelation, which is Petroreconcavo 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 Petroreconcavo's stock expected returns. We can calculate the autocorrelation of Petroreconcavo returns to help us make a trade decision. For example, suppose you find that Petroreconcavo 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 |
Petroreconcavo 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 Petroreconcavo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Petroreconcavo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Petroreconcavo stock over time.
Current vs Lagged Prices |
| Timeline |
Petroreconcavo Lagged Returns
When evaluating Petroreconcavo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Petroreconcavo stock have on its future price. Petroreconcavo 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, Petroreconcavo autocorrelation shows the relationship between Petroreconcavo stock current value and its past values and can show if there is a momentum factor associated with investing in Petroreconcavo 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 Petroreconcavo Stock Analysis
When running Petroreconcavo's price analysis, check to measure Petroreconcavo'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 Petroreconcavo is operating at the current time. Most of Petroreconcavo's value examination focuses on studying past and present price action to predict the probability of Petroreconcavo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Petroreconcavo's price. Additionally, you may evaluate how the addition of Petroreconcavo to your portfolios can decrease your overall portfolio volatility.