Petro River Oil Stock Market Value
Petro River's market value is the price at which a share of Petro River trades on a public exchange. It measures the collective expectations of Petro River Oil investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Petro River Oil and determine expected loss or profit from investing in Petro River over a given investment horizon. Check out Petro River Correlation, Petro River Volatility and Petro River Alpha and Beta module to complement your research on Petro River.
| Symbol | Petro |
Petro River '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 Petro River's 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 Petro River.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Petro River on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Petro River Oil or generate 0.0% return on investment in Petro River over 30 days. Petro River is related to or competes with Eastman Chemical, Juniata Valley, BCB Bancorp, Sensient Technologies, Ecolab, Artisan Partners, and Mativ Holdings. Petro River Oil Corp., an independent energy company, focuses on the exploration and development of conventional oil and... More
Petro River 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 Petro River's 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 Petro River Oil upside and downside potential and time the market with a certain degree of confidence.
Petro River Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Petro River's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Petro River's standard deviation. In reality, there are many statistical measures that can use Petro River historical prices to predict the future Petro River's volatility.Petro River Oil Backtested Returns
We have found zero technical indicators for Petro River Oil, which you can use to evaluate the volatility of the company. The company holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and Petro River are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Petro River Oil has no correlation between past and present. Overlapping area represents the amount of predictability between Petro River time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 Petro River Oil price movement. The serial correlation of 0.0 indicates that just 0.0% of current Petro River 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 |
Petro River Oil lagged returns against current returns
Autocorrelation, which is Petro River 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 Petro River's pink sheet expected returns. We can calculate the autocorrelation of Petro River returns to help us make a trade decision. For example, suppose you find that Petro River 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 |
Petro River 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 Petro River pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Petro River pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Petro River pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Petro River Lagged Returns
When evaluating Petro River's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Petro River pink sheet have on its future price. Petro River 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, Petro River autocorrelation shows the relationship between Petro River pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Petro River Oil.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Petro Pink Sheet
Petro River financial ratios help investors to determine whether Petro 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 Petro with respect to the benefits of owning Petro River security.