PETRO CDA 595 percent Market Value
| 71644EAG7 | 105.10 0.00 0.00% |
| Symbol | PETRO |
PETRO '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's bond 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.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in PETRO on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding PETRO CDA 595 percent or generate 0.0% return on investment in PETRO over 720 days. PETRO is related to or competes with Fidus Investment, MGIC Investment, NETGEAR, Link Real, Air Transport, Volaris, and Arrow Electronics. More
PETRO 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's bond 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 CDA 595 percent upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.45 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 9.81 | |||
| Value At Risk | (3.58) | |||
| Potential Upside | 2.88 |
PETRO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PETRO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PETRO's standard deviation. In reality, there are many statistical measures that can use PETRO historical prices to predict the future PETRO's volatility.| Risk Adjusted Performance | 0.0264 | |||
| Jensen Alpha | 0.0771 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.25) |
PETRO CDA 595 Backtested Returns
At this point, PETRO is very steady. PETRO CDA 595 maintains Sharpe Ratio (i.e., Efficiency) of 0.0111, which implies the entity had a 0.0111% return per unit of standard deviation over the last 3 months. We have found twenty-four technical indicators for PETRO CDA 595, which you can use to evaluate the volatility of the bond. Please check PETRO's Market Risk Adjusted Performance of (0.24), semi deviation of 2.27, and Risk Adjusted Performance of 0.0264 to confirm if the risk estimate we provide is consistent with the expected return of 0.0206%. The bond holds a Beta of -0.2, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PETRO are expected to decrease at a much lower rate. During the bear market, PETRO is likely to outperform the market.
Auto-correlation | -0.07 |
Very weak reverse predictability
PETRO CDA 595 percent has very weak reverse predictability. Overlapping area represents the amount of predictability between PETRO time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 CDA 595 price movement. The serial correlation of -0.07 indicates that barely 7.0% of current PETRO price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 4.49 |
PETRO CDA 595 lagged returns against current returns
Autocorrelation, which is PETRO bond'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's bond expected returns. We can calculate the autocorrelation of PETRO returns to help us make a trade decision. For example, suppose you find that PETRO has exhibited high autocorrelation historically, and you observe that the bond 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 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PETRO bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PETRO bond over time.
Current vs Lagged Prices |
| Timeline |
PETRO Lagged Returns
When evaluating PETRO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PETRO bond have on its future price. PETRO 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 autocorrelation shows the relationship between PETRO bond current value and its past values and can show if there is a momentum factor associated with investing in PETRO CDA 595 percent.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in PETRO Bond
PETRO financial ratios help investors to determine whether PETRO Bond 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 PETRO with respect to the benefits of owning PETRO security.