Petrogress Stock Market Value
| PGAS Stock | USD 0.0001 0.00 0.00% |
| Symbol | Petrogress |
Petrogress '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 Petrogress' 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 Petrogress.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Petrogress on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Petrogress or generate 0.0% return on investment in Petrogress over 30 days. Petrogress is related to or competes with Equinor ASA, TotalEnergies, Ecopetrol, National Fuel, and Transportadora. Petrogress, Inc., through its subsidiaries, operates as an integrated energy company More
Petrogress 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 Petrogress' 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 Petrogress upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1114 | |||
| Maximum Drawdown | 335.71 |
Petrogress Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Petrogress' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Petrogress' standard deviation. In reality, there are many statistical measures that can use Petrogress historical prices to predict the future Petrogress' volatility.| Risk Adjusted Performance | 0.0929 | |||
| Jensen Alpha | 4.08 | |||
| Total Risk Alpha | (1.52) | |||
| Treynor Ratio | (5.50) |
Petrogress Backtested Returns
Petrogress is out of control given 3 months investment horizon. Petrogress maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of risk over the last 3 months. We were able to analyze seventeen different technical indicators, which can help you to evaluate if expected returns of 4.2% are justified by taking the suggested risk. Use Petrogress Variance of 1212.13, coefficient of variation of 869.45, and Risk Adjusted Performance of 0.0929 to evaluate company specific risk that cannot be diversified away. Petrogress holds a performance score of 9 on a scale of zero to a hundred. The company holds a Beta of -0.73, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Petrogress are expected to decrease at a much lower rate. During the bear market, Petrogress is likely to outperform the market. Use Petrogress market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and rate of daily change , to analyze future returns on Petrogress.
Auto-correlation | 0.00 |
No correlation between past and present
Petrogress has no correlation between past and present. Overlapping area represents the amount of predictability between Petrogress time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Petrogress price movement. The serial correlation of 0.0 indicates that just 0.0% of current Petrogress price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Petrogress lagged returns against current returns
Autocorrelation, which is Petrogress 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 Petrogress' pink sheet expected returns. We can calculate the autocorrelation of Petrogress returns to help us make a trade decision. For example, suppose you find that Petrogress 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 |
Petrogress 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 Petrogress pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Petrogress pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Petrogress pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Petrogress Lagged Returns
When evaluating Petrogress' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Petrogress pink sheet have on its future price. Petrogress 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, Petrogress autocorrelation shows the relationship between Petrogress pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Petrogress.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Petrogress Pink Sheet Analysis
When running Petrogress' price analysis, check to measure Petrogress' 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 Petrogress is operating at the current time. Most of Petrogress' value examination focuses on studying past and present price action to predict the probability of Petrogress' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Petrogress' price. Additionally, you may evaluate how the addition of Petrogress to your portfolios can decrease your overall portfolio volatility.