Refinaria (Brazil) Price on October 21, 2024
| RPMG3 Stock | BRL 2.69 0.25 10.25% |
If you're considering investing in Refinaria Stock, it is important to understand the factors that can impact its price. As of today, the current price of Refinaria stands at 2.69, as last reported on the 1st of December, with the highest price reaching 2.69 and the lowest price hitting 2.41 during the day. Refinaria de Petrleos maintains Sharpe Ratio (i.e., Efficiency) of -0.0591, which implies the firm had a -0.0591% return per unit of risk over the last 3 months. Refinaria de Petrleos exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Refinaria's Risk Adjusted Performance of (0.02), variance of 7.63, and Coefficient Of Variation of (3,367) to confirm the risk estimate we provide.
Refinaria Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Refinaria |
Sharpe Ratio = -0.0591
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Estimated Market Risk
| 2.71 actual daily | 24 76% of assets are more volatile |
Expected Return
| -0.16 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Refinaria is not performing at its full potential. However, 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 Refinaria by adding Refinaria to a well-diversified portfolio.
Refinaria Valuation on October 21, 2024
It is possible to determine the worth of Refinaria on a given historical date. On October 21, 2024 Refinaria was worth 3.0 at the beginning of the trading date compared to the closed value of 2.97. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Refinaria stock. Still, in general, we apply an absolute valuation method to find Refinaria'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 Refinaria where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Refinaria's related companies.
| Open | High | Low | Close | Volume | |
| 3.06 | 3.07 | 2.85 | 2.99 | 31,200 | |
10/21/2024 | 3.00 | 3.04 | 2.94 | 2.97 | 12,300 |
| 2.97 | 3.04 | 2.84 | 2.90 | 28,700 |
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Refinaria Trading Date Momentum on October 21, 2024
| On October 22 2024 Refinaria de Petrleos was traded for 2.90 at the closing time. The highest price during the trading period was 3.04 and the lowest recorded bid was listed for 2.84 . The volume for the day was 28.7 K. This history from October 22, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 2.36% . The trading delta at closing time to the current price is 2.02% . |
Refinaria de Petrleos Fundamentals Correlations and Trends
By evaluating Refinaria'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 Refinaria's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Refinaria financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Refinaria Stock history
Refinaria 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 Refinaria is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Refinaria de Petrleos 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 Refinaria stock prices may prove useful in developing a viable investing in Refinaria
Refinaria de Petrleos de Manguinhos S.A. refines petroleum products in Brazil. Refinaria de Petrleos de Manguinhos S.A. is a subsidiary of Manguinhos Participacoes S.A. PET MANGUINHON operates under Oil Gas Refining Marketing classification in Brazil and is traded on Sao Paolo Stock Exchange.
Refinaria Stock Technical Analysis
Refinaria 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
Refinaria Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Refinaria de Petrleos cannot be verified against its exchange. Please verify the symbol is currently traded on Sao Paulo 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.
Refinaria December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Refinaria stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Refinaria shares will generate the highest return on investment. By undertsting and applying Refinaria stock market strength indicators, traders can identify Refinaria de Petrleos entry and exit signals to maximize returns
Refinaria Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Refinaria's price direction in advance. Along with the technical and fundamental analysis of Refinaria Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Refinaria 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 | (0.02) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (0.48) |
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Additional Tools for Refinaria Stock Analysis
When running Refinaria's price analysis, check to measure Refinaria'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 Refinaria is operating at the current time. Most of Refinaria's value examination focuses on studying past and present price action to predict the probability of Refinaria's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Refinaria's price. Additionally, you may evaluate how the addition of Refinaria to your portfolios can decrease your overall portfolio volatility.