Petroleo Brasileiro (Spain) Market Value
| XPBRA Stock | EUR 6.50 0.22 3.50% |
| Symbol | Petroleo |
Petroleo Brasileiro '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 Petroleo Brasileiro'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 Petroleo Brasileiro.
| 01/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in Petroleo Brasileiro on January 4, 2023 and sell it all today you would earn a total of 0.00 from holding Petroleo Brasileiro SA or generate 0.0% return on investment in Petroleo Brasileiro over 690 days. Petroleo Brasileiro is related to or competes with Repsol, Metrovacesa, Elecnor SA, Mapfre, Amper SA, Altia Consultores, and Coca Cola. Petrleo Brasileiro S.A. - Petrobras operates in the oil, natural gas, and energy industries in Brazil and internationall... More
Petroleo Brasileiro 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 Petroleo Brasileiro'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 Petroleo Brasileiro SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.37 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 6.68 | |||
| Value At Risk | (1.82) | |||
| Potential Upside | 2.71 |
Petroleo Brasileiro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Petroleo Brasileiro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Petroleo Brasileiro's standard deviation. In reality, there are many statistical measures that can use Petroleo Brasileiro historical prices to predict the future Petroleo Brasileiro's volatility.| Risk Adjusted Performance | 0.0393 | |||
| Jensen Alpha | 0.0136 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1608 |
Petroleo Brasileiro Backtested Returns
As of now, Petroleo Stock is not too volatile. Petroleo Brasileiro maintains Sharpe Ratio (i.e., Efficiency) of 0.0169, which implies the firm had a 0.0169% return per unit of risk over the last 3 months. We have found thirty technical indicators for Petroleo Brasileiro, which you can use to evaluate the volatility of the company. Please check Petroleo Brasileiro's Risk Adjusted Performance of 0.0393, coefficient of variation of 2208.96, and Semi Deviation of 1.19 to confirm if the risk estimate we provide is consistent with the expected return of 0.0235%. Petroleo Brasileiro has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 0.34, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Petroleo Brasileiro's returns are expected to increase less than the market. However, during the bear market, the loss of holding Petroleo Brasileiro is expected to be smaller as well. Petroleo Brasileiro right now holds a risk of 1.39%. Please check Petroleo Brasileiro potential upside, accumulation distribution, price action indicator, as well as the relationship between the expected short fall and day median price , to decide if Petroleo Brasileiro will be following its historical price patterns.
Auto-correlation | 0.66 |
Good predictability
Petroleo Brasileiro SA has good predictability. Overlapping area represents the amount of predictability between Petroleo Brasileiro time series from 4th of January 2023 to 15th of December 2023 and 15th of December 2023 to 24th 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 Petroleo Brasileiro price movement. The serial correlation of 0.66 indicates that around 66.0% of current Petroleo Brasileiro price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 1.36 |
Petroleo Brasileiro lagged returns against current returns
Autocorrelation, which is Petroleo Brasileiro 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 Petroleo Brasileiro's stock expected returns. We can calculate the autocorrelation of Petroleo Brasileiro returns to help us make a trade decision. For example, suppose you find that Petroleo Brasileiro 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 |
Petroleo Brasileiro 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 Petroleo Brasileiro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Petroleo Brasileiro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Petroleo Brasileiro stock over time.
Current vs Lagged Prices |
| Timeline |
Petroleo Brasileiro Lagged Returns
When evaluating Petroleo Brasileiro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Petroleo Brasileiro stock have on its future price. Petroleo Brasileiro 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, Petroleo Brasileiro autocorrelation shows the relationship between Petroleo Brasileiro stock current value and its past values and can show if there is a momentum factor associated with investing in Petroleo Brasileiro SA.
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 Petroleo Stock
Petroleo Brasileiro financial ratios help investors to determine whether Petroleo Stock 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 Petroleo with respect to the benefits of owning Petroleo Brasileiro security.