Petro Viking Energy Stock Market Value
| PTRVF Stock | USD 0 0.01 89.08% |
| Symbol | Petro |
Petro Viking '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 Viking'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 Viking.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Petro Viking on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Petro Viking Energy or generate 0.0% return on investment in Petro Viking over 30 days. Petro Viking is related to or competes with Parex Resources, Surge Energy, and Ngx Energy. Avila Energy Corporation, an integrated energy company, engages in the development, exploration, and production of oil a... More
Petro Viking 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 Viking'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 Viking Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1167 | |||
| Maximum Drawdown | 239.86 | |||
| Value At Risk | (46.67) |
Petro Viking Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Petro Viking's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Petro Viking's standard deviation. In reality, there are many statistical measures that can use Petro Viking historical prices to predict the future Petro Viking's volatility.| Risk Adjusted Performance | 0.1001 | |||
| Jensen Alpha | 14.3 | |||
| Total Risk Alpha | (5.13) | |||
| Treynor Ratio | (0.81) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Petro Viking's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Petro Viking Energy Backtested Returns
Petro Viking is out of control given 3 months investment horizon. Petro Viking Energy maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty different technical indicators, which can help you to evaluate if expected returns of 12.75% are justified by taking the suggested risk. Use Petro Viking Variance of 10973.76, coefficient of variation of 847.28, and Risk Adjusted Performance of 0.1001 to evaluate company specific risk that cannot be diversified away. Petro Viking holds a performance score of 9 on a scale of zero to a hundred. The company holds a Beta of -15.24, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Petro Viking are expected to decrease by larger amounts. On the other hand, during market turmoil, Petro Viking is expected to outperform it. Use Petro Viking value at risk and day median price , to analyze future returns on Petro Viking.
Auto-correlation | 0.06 |
Virtually no predictability
Petro Viking Energy has virtually no predictability. Overlapping area represents the amount of predictability between Petro Viking time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Viking Energy price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Petro Viking price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Petro Viking Energy lagged returns against current returns
Autocorrelation, which is Petro Viking 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 Viking's pink sheet expected returns. We can calculate the autocorrelation of Petro Viking returns to help us make a trade decision. For example, suppose you find that Petro Viking 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 Viking 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 Viking pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Petro Viking 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 Viking pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Petro Viking Lagged Returns
When evaluating Petro Viking's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Petro Viking pink sheet have on its future price. Petro Viking 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 Viking autocorrelation shows the relationship between Petro Viking pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Petro Viking Energy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Petro Pink Sheet
Petro Viking 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 Viking security.