Petronas Gas Berhad Stock Market Value

PNAGF Stock  USD 3.88  0.00  0.00%   
PETRONAS Gas' market value is the price at which a share of PETRONAS Gas trades on a public exchange. It measures the collective expectations of PETRONAS Gas Berhad investors about its performance. PETRONAS Gas is trading at 3.88 as of the 1st of January 2025. This is a No Change since the beginning of the trading day. The stock's lowest day price was 3.88.
With this module, you can estimate the performance of a buy and hold strategy of PETRONAS Gas Berhad and determine expected loss or profit from investing in PETRONAS Gas over a given investment horizon. Check out PETRONAS Gas Correlation, PETRONAS Gas Volatility and PETRONAS Gas Alpha and Beta module to complement your research on PETRONAS Gas.
Symbol

Please note, there is a significant difference between PETRONAS Gas' value and its price as these two are different measures arrived at by different means. Investors typically determine if PETRONAS Gas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PETRONAS Gas' 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.

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.
0.00
09/03/2024
No Change 0.00  0.0 
In 4 months and 1 day
01/01/2025
0.00
If you would invest  0.00  in PETRONAS Gas on September 3, 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 120 days. PETRONAS Gas is related to or competes with Hertz Global, Reservoir Media, Socket Mobile, BCE, Avis Budget, Cooper Stnd, and Sphere Entertainment. 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.

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.
Hype
Prediction
LowEstimatedHigh
3.533.884.23
Details
Intrinsic
Valuation
LowRealHigh
3.563.914.26
Details
Naive
Forecast
LowNextHigh
3.533.884.23
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
3.883.883.88
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as PETRONAS Gas. Your research has to be compared to or analyzed against PETRONAS Gas' peers to derive any actionable benefits. When done correctly, PETRONAS Gas' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in PETRONAS Gas Berhad.

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 2.93, and Coefficient Of Variation of (741.29) to confirm the risk estimate we provide. The company holds a Beta of -0.019, 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

    
  -0.12  

Insignificant reverse predictability

PETRONAS Gas Berhad has insignificant reverse predictability. Overlapping area represents the amount of predictability between PETRONAS Gas time series from 3rd of September 2024 to 2nd of November 2024 and 2nd of November 2024 to 1st 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 -0.12 indicates that less than 12.0% of current PETRONAS Gas price fluctuation can be explain by its past prices.
Correlation Coefficient-0.12
Spearman Rank Test-0.45
Residual Average0.0
Price Variance0.0

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.