PetroChina (China) Market Value
| 601857 Stock | 7.88 0.02 0.25% |
| Symbol | PetroChina |
PetroChina '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 PetroChina'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 PetroChina.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in PetroChina on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding PetroChina Co Ltd or generate 0.0% return on investment in PetroChina over 90 days. PetroChina is related to or competes with Beijing Balance, Changjiang Jinggong, Xian International, ShenZhen GAD, Guangzhou Boji, Allmed Medical, and Nanjing Vishee. More
PetroChina 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 PetroChina'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 PetroChina Co Ltd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 5.82 | |||
| Value At Risk | (2.60) | |||
| Potential Upside | 2.38 |
PetroChina Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PetroChina's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PetroChina's standard deviation. In reality, there are many statistical measures that can use PetroChina historical prices to predict the future PetroChina's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | 0.032 | |||
| Treynor Ratio | 2.81 |
PetroChina Backtested Returns
PetroChina maintains Sharpe Ratio (i.e., Efficiency) of -0.0809, which implies the firm had a -0.0809 % return per unit of risk over the last 3 months. PetroChina exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PetroChina's Variance of 1.74, coefficient of variation of (1,278), and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The company holds a Beta of -0.0403, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PetroChina are expected to decrease at a much lower rate. During the bear market, PetroChina is likely to outperform the market. At this point, PetroChina has a negative expected return of -0.11%. Please make sure to check PetroChina's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if PetroChina performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.33 |
Below average predictability
PetroChina Co Ltd has below average predictability. Overlapping area represents the amount of predictability between PetroChina time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of PetroChina price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current PetroChina price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
PetroChina lagged returns against current returns
Autocorrelation, which is PetroChina 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 PetroChina's stock expected returns. We can calculate the autocorrelation of PetroChina returns to help us make a trade decision. For example, suppose you find that PetroChina 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 |
PetroChina 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 PetroChina stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PetroChina stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PetroChina stock over time.
Current vs Lagged Prices |
| Timeline |
PetroChina Lagged Returns
When evaluating PetroChina's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PetroChina stock have on its future price. PetroChina 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, PetroChina autocorrelation shows the relationship between PetroChina stock current value and its past values and can show if there is a momentum factor associated with investing in PetroChina Co Ltd.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in PetroChina Stock
PetroChina financial ratios help investors to determine whether PetroChina 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 PetroChina with respect to the benefits of owning PetroChina security.