PETROLEOS MEXICANOS 95 Market Value
| 71654QAM4 | 95.67 9.58 9.10% |
| Symbol | PETROLEOS |
PETROLEOS '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 PETROLEOS'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 PETROLEOS.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in PETROLEOS on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding PETROLEOS MEXICANOS 95 or generate 0.0% return on investment in PETROLEOS over 690 days. PETROLEOS is related to or competes with Iridium Communications, Amkor Technology, GMS, Flexible Solutions, Mind Technology, Playtika Holding, and Western Copper. More
PETROLEOS 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 PETROLEOS'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 PETROLEOS MEXICANOS 95 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 6.11 | |||
| Value At Risk | (9.10) | |||
| Potential Upside | 3.14 |
PETROLEOS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PETROLEOS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PETROLEOS's standard deviation. In reality, there are many statistical measures that can use PETROLEOS historical prices to predict the future PETROLEOS's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (0.21) |
PETROLEOS MEXICANOS Backtested Returns
PETROLEOS MEXICANOS maintains Sharpe Ratio (i.e., Efficiency) of -0.0805, which implies the entity had a -0.0805% return per unit of standard deviation over the last 3 months. PETROLEOS MEXICANOS exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PETROLEOS's Market Risk Adjusted Performance of (0.20), coefficient of variation of (1,242), and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The bond holds a Beta of 1.06, which implies a somewhat significant risk relative to the market. PETROLEOS returns are very sensitive to returns on the market. As the market goes up or down, PETROLEOS is expected to follow.
Auto-correlation | -0.49 |
Modest reverse predictability
PETROLEOS MEXICANOS 95 has modest reverse predictability. Overlapping area represents the amount of predictability between PETROLEOS time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 PETROLEOS MEXICANOS price movement. The serial correlation of -0.49 indicates that about 49.0% of current PETROLEOS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 4.79 |
PETROLEOS MEXICANOS lagged returns against current returns
Autocorrelation, which is PETROLEOS 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 PETROLEOS's bond expected returns. We can calculate the autocorrelation of PETROLEOS returns to help us make a trade decision. For example, suppose you find that PETROLEOS 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 |
PETROLEOS 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 PETROLEOS bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PETROLEOS bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PETROLEOS bond over time.
Current vs Lagged Prices |
| Timeline |
PETROLEOS Lagged Returns
When evaluating PETROLEOS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PETROLEOS bond have on its future price. PETROLEOS 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, PETROLEOS autocorrelation shows the relationship between PETROLEOS bond current value and its past values and can show if there is a momentum factor associated with investing in PETROLEOS MEXICANOS 95.
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 PETROLEOS Bond
PETROLEOS financial ratios help investors to determine whether PETROLEOS 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 PETROLEOS with respect to the benefits of owning PETROLEOS security.