Petrochina Co Ltd Stock Market Value

PCCYF Stock  USD 0.71  0.01  1.39%   
PetroChina's market value is the price at which a share of PetroChina trades on a public exchange. It measures the collective expectations of PetroChina Co Ltd investors about its performance. PetroChina is trading at 0.71 as of the 4th of December 2024. This is a 1.39 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.69.
With this module, you can estimate the performance of a buy and hold strategy of PetroChina Co Ltd and determine expected loss or profit from investing in PetroChina over a given investment horizon. Check out PetroChina Correlation, PetroChina Volatility and PetroChina Alpha and Beta module to complement your research on PetroChina.
Symbol

Please note, there is a significant difference between PetroChina's value and its price as these two are different measures arrived at by different means. Investors typically determine if PetroChina is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PetroChina's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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 pink sheet 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.
0.00
10/05/2024
No Change 0.00  0.0 
In 2 months and 2 days
12/04/2024
0.00
If you would invest  0.00  in PetroChina on October 5, 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 60 days. PetroChina is related to or competes with Equinor ASA, TotalEnergies, Ecopetrol, National Fuel, and Transportadora. PetroChina Company Limited, together with its subsidiaries, engages in a range of petroleum related products, services, ... 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 pink sheet 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PetroChina's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.040.724.76
Details
Intrinsic
Valuation
LowRealHigh
0.030.634.67
Details
Naive
Forecast
LowNextHigh
0.010.704.74
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.700.710.72
Details

PetroChina Backtested Returns

PetroChina maintains Sharpe Ratio (i.e., Efficiency) of -0.0161, which implies the firm had a -0.0161% return per unit of risk over the last 3 months. PetroChina exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PetroChina's Variance of 17.09, coefficient of variation of (1,531), and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The company holds a Beta of 0.36, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PetroChina's returns are expected to increase less than the market. However, during the bear market, the loss of holding PetroChina is expected to be smaller as well. At this point, PetroChina has a negative expected return of -0.0649%. Please make sure to check PetroChina's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and day typical price , to decide if PetroChina performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.60  

Good predictability

PetroChina Co Ltd has good predictability. Overlapping area represents the amount of predictability between PetroChina time series from 5th of October 2024 to 4th of November 2024 and 4th of November 2024 to 4th of December 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 PetroChina price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current PetroChina price fluctuation can be explain by its past prices.
Correlation Coefficient0.6
Spearman Rank Test0.39
Residual Average0.0
Price Variance0.0

PetroChina lagged returns against current returns

Autocorrelation, which is PetroChina pink sheet'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 pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PetroChina pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PetroChina pink sheet 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 pink sheet 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 pink sheet 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  

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Other Information on Investing in PetroChina Pink Sheet

PetroChina financial ratios help investors to determine whether PetroChina Pink Sheet 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.