Petrolimex Information (Vietnam) Market Value
| PIA Stock | 29,500 200.00 0.67% |
| Symbol | Petrolimex |
Petrolimex Information '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 Petrolimex Information'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 Petrolimex Information.
| 03/15/2023 |
| 03/04/2025 |
If you would invest 0.00 in Petrolimex Information on March 15, 2023 and sell it all today you would earn a total of 0.00 from holding Petrolimex Information Technology or generate 0.0% return on investment in Petrolimex Information over 720 days.
Petrolimex Information 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 Petrolimex Information'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 Petrolimex Information Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.36 | |||
| Information Ratio | 0.0568 | |||
| Maximum Drawdown | 16.61 | |||
| Value At Risk | (3.90) | |||
| Potential Upside | 3.75 |
Petrolimex Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Petrolimex Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Petrolimex Information's standard deviation. In reality, there are many statistical measures that can use Petrolimex Information historical prices to predict the future Petrolimex Information's volatility.| Risk Adjusted Performance | 0.0359 | |||
| Jensen Alpha | 0.0363 | |||
| Total Risk Alpha | 0.3155 | |||
| Sortino Ratio | 0.0461 | |||
| Treynor Ratio | (0.1) |
Petrolimex Information Backtested Returns
Petrolimex Information appears to be very steady, given 3 months investment horizon. Petrolimex Information maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Petrolimex Information, which you can use to evaluate the volatility of the company. Please evaluate Petrolimex Information's Semi Deviation of 2.39, coefficient of variation of 2609.01, and Risk Adjusted Performance of 0.0359 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Petrolimex Information holds a performance score of 12. The company holds a Beta of -0.96, which implies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Petrolimex Information are expected to decrease slowly. On the other hand, during market turmoil, Petrolimex Information is expected to outperform it slightly. Please check Petrolimex Information's skewness, and the relationship between the potential upside and rate of daily change , to make a quick decision on whether Petrolimex Information's historical price patterns will revert.
Auto-correlation | 0.47 |
Average predictability
Petrolimex Information Technology has average predictability. Overlapping area represents the amount of predictability between Petrolimex Information time series from 15th of March 2023 to 9th of March 2024 and 9th of March 2024 to 4th 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 Petrolimex Information price movement. The serial correlation of 0.47 indicates that about 47.0% of current Petrolimex Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 5.7 M |
Petrolimex Information lagged returns against current returns
Autocorrelation, which is Petrolimex Information 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 Petrolimex Information's stock expected returns. We can calculate the autocorrelation of Petrolimex Information returns to help us make a trade decision. For example, suppose you find that Petrolimex Information 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 |
Petrolimex Information 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 Petrolimex Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Petrolimex Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Petrolimex Information stock over time.
Current vs Lagged Prices |
| Timeline |
Petrolimex Information Lagged Returns
When evaluating Petrolimex Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Petrolimex Information stock have on its future price. Petrolimex Information 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, Petrolimex Information autocorrelation shows the relationship between Petrolimex Information stock current value and its past values and can show if there is a momentum factor associated with investing in Petrolimex Information Technology.
Regressed Prices |
| Timeline |
Pair Trading with Petrolimex Information
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Petrolimex Information position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Petrolimex Information will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Petrolimex Information could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Petrolimex Information when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Petrolimex Information - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Petrolimex Information Technology to buy it.
The correlation of Petrolimex Information is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Petrolimex Information moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Petrolimex Information moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Petrolimex Information can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.