Petrleo Brasileiro (Brazil) Market Value
| PETR3 Stock | BRL 42.62 0.87 2.08% |
| Symbol | Petrleo |
Petrleo 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 Petrleo 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 Petrleo Brasileiro.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Petrleo Brasileiro on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Petrleo Brasileiro SA or generate 0.0% return on investment in Petrleo Brasileiro over 720 days. Petrleo Brasileiro is related to or competes with Vale SA, Petrleo Brasileiro, Banco Do, Banco Bradesco, and Gerdau SA. Petrleo Brasileiro S.A. - Petrobras produce and sells oil and gas in Brazil and internationally More
Petrleo 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 Petrleo 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 Petrleo Brasileiro SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.11 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 6.9 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 2.57 |
Petrleo Brasileiro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Petrleo Brasileiro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Petrleo Brasileiro's standard deviation. In reality, there are many statistical measures that can use Petrleo Brasileiro historical prices to predict the future Petrleo Brasileiro's volatility.| Risk Adjusted Performance | 0.0302 | |||
| Jensen Alpha | 0.0435 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0.82) |
Petrleo Brasileiro Backtested Returns
Currently, Petrleo Brasileiro SA is very steady. Petrleo Brasileiro maintains Sharpe Ratio (i.e., Efficiency) of 0.0598, which implies the firm had a 0.0598% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Petrleo Brasileiro, which you can use to evaluate the volatility of the company. Please check Petrleo Brasileiro's Semi Deviation of 1.06, coefficient of variation of 2984.36, and Risk Adjusted Performance of 0.0302 to confirm if the risk estimate we provide is consistent with the expected return of 0.086%. Petrleo Brasileiro has a performance score of 4 on a scale of 0 to 100. The company holds a Beta of -0.0461, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Petrleo Brasileiro are expected to decrease at a much lower rate. During the bear market, Petrleo Brasileiro is likely to outperform the market. Petrleo Brasileiro right now holds a risk of 1.44%. Please check Petrleo Brasileiro semi variance, accumulation distribution, and the relationship between the potential upside and skewness , to decide if Petrleo Brasileiro will be following its historical price patterns.
Auto-correlation | 0.75 |
Good predictability
Petrleo Brasileiro SA has good predictability. Overlapping area represents the amount of predictability between Petrleo Brasileiro time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Petrleo Brasileiro price movement. The serial correlation of 0.75 indicates that around 75.0% of current Petrleo Brasileiro price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 7.74 |
Petrleo Brasileiro lagged returns against current returns
Autocorrelation, which is Petrleo 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 Petrleo Brasileiro's stock expected returns. We can calculate the autocorrelation of Petrleo Brasileiro returns to help us make a trade decision. For example, suppose you find that Petrleo 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 |
Petrleo 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 Petrleo Brasileiro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Petrleo Brasileiro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Petrleo Brasileiro stock over time.
Current vs Lagged Prices |
| Timeline |
Petrleo Brasileiro Lagged Returns
When evaluating Petrleo Brasileiro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Petrleo Brasileiro stock have on its future price. Petrleo 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, Petrleo Brasileiro autocorrelation shows the relationship between Petrleo Brasileiro stock current value and its past values and can show if there is a momentum factor associated with investing in Petrleo Brasileiro SA.
Regressed Prices |
| Timeline |
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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.Additional Tools for Petrleo Stock Analysis
When running Petrleo Brasileiro's price analysis, check to measure Petrleo Brasileiro'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 Petrleo Brasileiro is operating at the current time. Most of Petrleo Brasileiro's value examination focuses on studying past and present price action to predict the probability of Petrleo Brasileiro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Petrleo Brasileiro's price. Additionally, you may evaluate how the addition of Petrleo Brasileiro to your portfolios can decrease your overall portfolio volatility.