Petronas Gas Berhad Stock Market Value
| PNAGF Stock | USD 3.88 0.00 0.00% |
| Symbol | PETRONAS |
PETRONAS Gas '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 PETRONAS Gas' 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 PETRONAS Gas.
| 12/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in PETRONAS Gas on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding PETRONAS Gas Berhad or generate 0.0% return on investment in PETRONAS Gas over 30 days. PETRONAS Gas is related to or competes with Kaiser Aluminum, CVR Partners, HUHUTECH International, Flexible Solutions, CECO Environmental, Ecolab, and Ecovyst. PETRONAS Gas Berhad operates as a gas infrastructure and utilities company in Malaysia More
PETRONAS Gas 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 PETRONAS Gas' 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 PETRONAS Gas Berhad upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 2.5 |
PETRONAS Gas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PETRONAS Gas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PETRONAS Gas' standard deviation. In reality, there are many statistical measures that can use PETRONAS Gas historical prices to predict the future PETRONAS Gas' volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | 3.09 |
PETRONAS Gas Berhad Backtested Returns
PETRONAS Gas Berhad maintains Sharpe Ratio (i.e., Efficiency) of -0.14, which implies the firm had a -0.14% return per unit of standard deviation over the last 3 months. PETRONAS Gas Berhad exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PETRONAS Gas' Risk Adjusted Performance of (0.12), market risk adjusted performance of 3.1, and Coefficient Of Variation of (741.29) to confirm the risk estimate we provide. The company holds a Beta of -0.018, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PETRONAS Gas are expected to decrease at a much lower rate. During the bear market, PETRONAS Gas is likely to outperform the market. At this point, PETRONAS Gas Berhad has a negative expected return of -0.0493%. Please make sure to check PETRONAS Gas' treynor ratio, and the relationship between the standard deviation and kurtosis , to decide if PETRONAS Gas Berhad performance from the past will be repeated at future time.
Auto-correlation | 0.49 |
Average predictability
PETRONAS Gas Berhad has average predictability. Overlapping area represents the amount of predictability between PETRONAS Gas time series from 5th of December 2024 to 20th of December 2024 and 20th of December 2024 to 4th of January 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 PETRONAS Gas Berhad price movement. The serial correlation of 0.49 indicates that about 49.0% of current PETRONAS Gas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PETRONAS Gas Berhad lagged returns against current returns
Autocorrelation, which is PETRONAS Gas 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 PETRONAS Gas' pink sheet expected returns. We can calculate the autocorrelation of PETRONAS Gas returns to help us make a trade decision. For example, suppose you find that PETRONAS Gas 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 |
PETRONAS Gas 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 PETRONAS Gas pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PETRONAS Gas pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PETRONAS Gas pink sheet over time.
Current vs Lagged Prices |
| Timeline |
PETRONAS Gas Lagged Returns
When evaluating PETRONAS Gas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PETRONAS Gas pink sheet have on its future price. PETRONAS Gas 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, PETRONAS Gas autocorrelation shows the relationship between PETRONAS Gas pink sheet current value and its past values and can show if there is a momentum factor associated with investing in PETRONAS Gas Berhad.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in PETRONAS Pink Sheet
PETRONAS Gas financial ratios help investors to determine whether PETRONAS 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 PETRONAS with respect to the benefits of owning PETRONAS Gas security.