Rompetrol Well (Romania) Market Value
| PTR Stock | 0.57 0.01 1.79% |
| Symbol | Rompetrol |
Rompetrol Well '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 Rompetrol Well'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 Rompetrol Well.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Rompetrol Well on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Rompetrol Well or generate 0.0% return on investment in Rompetrol Well over 90 days.
Rompetrol Well 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 Rompetrol Well'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 Rompetrol Well upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.79 | |||
| Information Ratio | 0.0553 | |||
| Maximum Drawdown | 14.05 | |||
| Value At Risk | (3.45) | |||
| Potential Upside | 3.57 |
Rompetrol Well Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rompetrol Well's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rompetrol Well's standard deviation. In reality, there are many statistical measures that can use Rompetrol Well historical prices to predict the future Rompetrol Well's volatility.| Risk Adjusted Performance | 0.0157 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | 0.2944 | |||
| Sortino Ratio | 0.0444 | |||
| Treynor Ratio | (0.05) |
Rompetrol Well Backtested Returns
Rompetrol Well maintains Sharpe Ratio (i.e., Efficiency) of -0.0337, which implies the firm had a -0.0337 % return per unit of risk over the last 3 months. Rompetrol Well exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rompetrol Well's Risk Adjusted Performance of 0.0157, semi deviation of 1.87, and Coefficient Of Variation of 9098.33 to confirm the risk estimate we provide. The company holds a Beta of -0.3, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Rompetrol Well are expected to decrease at a much lower rate. During the bear market, Rompetrol Well is likely to outperform the market. At this point, Rompetrol Well has a negative expected return of -0.0702%. Please make sure to check Rompetrol Well's treynor ratio and the relationship between the downside variance and day typical price , to decide if Rompetrol Well performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.03 |
Virtually no predictability
Rompetrol Well has virtually no predictability. Overlapping area represents the amount of predictability between Rompetrol Well time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Rompetrol Well price movement. The serial correlation of 0.03 indicates that only 3.0% of current Rompetrol Well price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rompetrol Well lagged returns against current returns
Autocorrelation, which is Rompetrol Well 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 Rompetrol Well's stock expected returns. We can calculate the autocorrelation of Rompetrol Well returns to help us make a trade decision. For example, suppose you find that Rompetrol Well 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 |
Rompetrol Well 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 Rompetrol Well stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rompetrol Well stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rompetrol Well stock over time.
Current vs Lagged Prices |
| Timeline |
Rompetrol Well Lagged Returns
When evaluating Rompetrol Well's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rompetrol Well stock have on its future price. Rompetrol Well 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, Rompetrol Well autocorrelation shows the relationship between Rompetrol Well stock current value and its past values and can show if there is a momentum factor associated with investing in Rompetrol Well.
Regressed Prices |
| Timeline |
Pair Trading with Rompetrol Well
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 Rompetrol Well 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 Rompetrol Well will appreciate offsetting losses from the drop in the long position's value.Moving against Rompetrol Stock
The ability to find closely correlated positions to Rompetrol Well could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rompetrol Well 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 Rompetrol Well - 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 Rompetrol Well to buy it.
The correlation of Rompetrol Well 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 Rompetrol Well moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rompetrol Well 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 Rompetrol Well 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.