PetroChina (China) Price on September 27, 2023
| 601857 Stock | 8.34 0.08 0.95% |
Below is the normalized historical share price chart for PetroChina Co Ltd extending back to November 05, 2007. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of PetroChina stands at 8.34, as last reported on the 21st of December, with the highest price reaching 8.44 and the lowest price hitting 8.33 during the day.
If you're considering investing in PetroChina Stock, it is important to understand the factors that can impact its price. At this point, PetroChina is somewhat reliable. PetroChina maintains Sharpe Ratio (i.e., Efficiency) of 0.0418, which implies the firm had a 0.0418% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for PetroChina, which you can use to evaluate the volatility of the company. Please check PetroChina's Risk Adjusted Performance of 0.0564, coefficient of variation of 1579.42, and Semi Deviation of 1.83 to confirm if the risk estimate we provide is consistent with the expected return of 0.0905%.
The current year's Other Stockholder Equity is expected to grow to about 401.8 B, whereas Total Stockholder Equity is forecasted to decline to about 1.3 T. . PetroChina Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 9.1962 | 50 Day MA 8.275 | Beta 0.81 |
PetroChina |
Sharpe Ratio = 0.0418
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | 601857 | High Risk | Huge Risk |
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Estimated Market Risk
| 2.16 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average PetroChina is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of PetroChina by adding it to a well-diversified portfolio.
Price Book 1.0342 | Enterprise Value Ebitda 5.9071 | Price Sales 0.4905 | Shares Float 29.1 B | Wall Street Target Price 10.36 |
PetroChina Valuation on September 27, 2023
It is possible to determine the worth of PetroChina on a given historical date. On September 27, 2023 PetroChina was worth 8.03 at the beginning of the trading date compared to the closed value of 8.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of PetroChina stock. Still, in general, we apply an absolute valuation method to find PetroChina's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of PetroChina where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against PetroChina's related companies.
| Open | High | Low | Close | Volume | |
| 8.00 | 8.03 | 7.96 | 7.98 | 89,133,151 | |
09/27/2023 | 8.03 | 8.05 | 7.98 | 8.00 | 75,460,401 |
| 8.15 | 8.18 | 7.96 | 7.98 | 125,017,238 |
| Backtest PetroChina | | | PetroChina History | | | PetroChina Valuation | Previous | Next |
PetroChina Trading Date Momentum on September 27, 2023
| On September 28 2023 PetroChina Co Ltd was traded for 7.98 at the closing time. The highest price during the trading period was 8.18 and the lowest recorded bid was listed for 7.96 . The volume for the day was 125 M. This history from September 28, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 0.25% . The trading delta at closing time to the current price is 2.62% . |
PetroChina Fundamentals Correlations and Trends
By evaluating PetroChina's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among PetroChina's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. PetroChina financial account trend analysis is a perfect complement when working with valuation or volatility modules.About PetroChina Stock history
PetroChina investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for PetroChina is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in PetroChina will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing PetroChina stock prices may prove useful in developing a viable investing in PetroChina
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 164.7 B | 146.4 B | |
| Net Income Applicable To Common Shares | 171.8 B | 180.4 B |
PetroChina Stock Technical Analysis
PetroChina technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
PetroChina Period Price Range
Low | December 21, 2024
| High |
0.00 | 0.00 |
PetroChina Co Ltd cannot be verified against its exchange. Please verify the symbol is currently traded on Shanghai Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
PetroChina December 21, 2024 Market Strength
Market strength indicators help investors to evaluate how PetroChina stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading PetroChina shares will generate the highest return on investment. By undertsting and applying PetroChina stock market strength indicators, traders can identify PetroChina Co Ltd entry and exit signals to maximize returns
PetroChina Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for PetroChina's price direction in advance. Along with the technical and fundamental analysis of PetroChina Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of PetroChina to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0564 | |||
| Jensen Alpha | 0.1238 | |||
| Total Risk Alpha | 0.0643 | |||
| Sortino Ratio | 0.0474 | |||
| Treynor Ratio | (4.50) |
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for PetroChina Stock analysis
When running PetroChina's price analysis, check to measure PetroChina'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 PetroChina is operating at the current time. Most of PetroChina's value examination focuses on studying past and present price action to predict the probability of PetroChina's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PetroChina's price. Additionally, you may evaluate how the addition of PetroChina to your portfolios can decrease your overall portfolio volatility.
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