Petro Victory Energy Corp Stock Market Value
| VRY Stock | CAD 0.98 0.00 0.00% |
| Symbol | Petro |
Petro Victory '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 Victory'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 Petro Victory.
| 08/30/2024 |
| 11/28/2024 |
If you would invest 0.00 in Petro Victory on August 30, 2024 and sell it all today you would earn a total of 0.00 from holding Petro Victory Energy Corp or generate 0.0% return on investment in Petro Victory over 90 days. Petro Victory is related to or competes with Laurentian Bank, Fairfax Financial, MTY Food, A W, CI Financial, Bank of Nova Scotia, and North American. Petro-Victory Energy Corp., through its subsidiaries, engages in petroleum and natural gas exploration, and other energy... More
Petro Victory 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 Victory'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 Petro Victory Energy Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0373 | |||
| Maximum Drawdown | 56.87 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 10.47 |
Petro Victory Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Petro Victory's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Petro Victory's standard deviation. In reality, there are many statistical measures that can use Petro Victory historical prices to predict the future Petro Victory's volatility.| Risk Adjusted Performance | 0.0511 | |||
| Jensen Alpha | 0.534 | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | (0.28) |
Petro Victory Energy Backtested Returns
Petro Victory appears to be abnormally volatile, given 3 months investment horizon. Petro Victory Energy maintains Sharpe Ratio (i.e., Efficiency) of 0.055, which implies the firm had a 0.055% return per unit of risk over the last 3 months. We have found nineteen technical indicators for Petro Victory Energy, which you can use to evaluate the volatility of the company. Please evaluate Petro Victory's Variance of 50.21, risk adjusted performance of 0.0511, and Coefficient Of Variation of 1818.78 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Petro Victory holds a performance score of 4. The company holds a Beta of -1.34, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Petro Victory are expected to decrease by larger amounts. On the other hand, during market turmoil, Petro Victory is expected to outperform it. Please check Petro Victory's information ratio, as well as the relationship between the skewness and relative strength index , to make a quick decision on whether Petro Victory's historical price patterns will revert.
Auto-correlation | -0.66 |
Very good reverse predictability
Petro Victory Energy Corp has very good reverse predictability. Overlapping area represents the amount of predictability between Petro Victory time series from 30th of August 2024 to 14th of October 2024 and 14th of October 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 Petro Victory Energy price movement. The serial correlation of -0.66 indicates that around 66.0% of current Petro Victory price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Petro Victory Energy lagged returns against current returns
Autocorrelation, which is Petro Victory 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 Petro Victory's stock expected returns. We can calculate the autocorrelation of Petro Victory returns to help us make a trade decision. For example, suppose you find that Petro Victory 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 |
Petro Victory 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 Victory stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Petro Victory stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Petro Victory stock over time.
Current vs Lagged Prices |
| Timeline |
Petro Victory Lagged Returns
When evaluating Petro Victory's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Petro Victory stock have on its future price. Petro Victory 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 Victory autocorrelation shows the relationship between Petro Victory stock current value and its past values and can show if there is a momentum factor associated with investing in Petro Victory Energy Corp.
Regressed Prices |
| Timeline |
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Additional Tools for Petro Stock Analysis
When running Petro Victory's price analysis, check to measure Petro Victory'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 Petro Victory is operating at the current time. Most of Petro Victory's value examination focuses on studying past and present price action to predict the probability of Petro Victory's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Petro Victory's price. Additionally, you may evaluate how the addition of Petro Victory to your portfolios can decrease your overall portfolio volatility.