Petroreconcavo (Brazil) Market Value
| RECV3 Stock | BRL 16.35 0.79 5.08% |
| Symbol | Petroreconcavo |
Petroreconcavo '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 Petroreconcavo'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 Petroreconcavo.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Petroreconcavo on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Petroreconcavo SA or generate 0.0% return on investment in Petroreconcavo over 90 days. Petroreconcavo is related to or competes with Petro Rio, Vamos Locao, SIMPAR SA, and Ambipar Participaes. Petroreconcavo S.A. engages in the exploration, production, transportation, processing, and commercialization of oil and... More
Petroreconcavo 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 Petroreconcavo'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 Petroreconcavo SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.33 | |||
| Information Ratio | 0.0571 | |||
| Maximum Drawdown | 12.19 | |||
| Value At Risk | (3.78) | |||
| Potential Upside | 4.3 |
Petroreconcavo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Petroreconcavo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Petroreconcavo's standard deviation. In reality, there are many statistical measures that can use Petroreconcavo historical prices to predict the future Petroreconcavo's volatility.| Risk Adjusted Performance | 0.0213 | |||
| Jensen Alpha | 0.031 | |||
| Total Risk Alpha | 0.3417 | |||
| Sortino Ratio | 0.0605 | |||
| Treynor Ratio | (3.27) |
Petroreconcavo SA Backtested Returns
Currently, Petroreconcavo SA is not too volatile. Petroreconcavo SA maintains Sharpe Ratio (i.e., Efficiency) of 0.0326, which implies the firm had a 0.0326 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Petroreconcavo SA, which you can use to evaluate the volatility of the company. Please check Petroreconcavo's Semi Deviation of 2.25, risk adjusted performance of 0.0213, and Coefficient Of Variation of 5882.58 to confirm if the risk estimate we provide is consistent with the expected return of 0.0805%. Petroreconcavo has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of -0.0098, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Petroreconcavo are expected to decrease at a much lower rate. During the bear market, Petroreconcavo is likely to outperform the market. Petroreconcavo SA right now holds a risk of 2.47%. Please check Petroreconcavo SA treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to decide if Petroreconcavo SA will be following its historical price patterns.
Auto-correlation | 0.24 |
Weak predictability
Petroreconcavo SA has weak predictability. Overlapping area represents the amount of predictability between Petroreconcavo time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Petroreconcavo SA price movement. The serial correlation of 0.24 indicates that over 24.0% of current Petroreconcavo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Petroreconcavo SA lagged returns against current returns
Autocorrelation, which is Petroreconcavo 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 Petroreconcavo's stock expected returns. We can calculate the autocorrelation of Petroreconcavo returns to help us make a trade decision. For example, suppose you find that Petroreconcavo 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 |
Petroreconcavo 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 Petroreconcavo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Petroreconcavo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Petroreconcavo stock over time.
Current vs Lagged Prices |
| Timeline |
Petroreconcavo Lagged Returns
When evaluating Petroreconcavo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Petroreconcavo stock have on its future price. Petroreconcavo 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, Petroreconcavo autocorrelation shows the relationship between Petroreconcavo stock current value and its past values and can show if there is a momentum factor associated with investing in Petroreconcavo SA.
Regressed Prices |
| Timeline |
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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.Additional Tools for Petroreconcavo Stock Analysis
When running Petroreconcavo's price analysis, check to measure Petroreconcavo's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Petroreconcavo is operating at the current time. Most of Petroreconcavo's value examination focuses on studying past and present price action to predict the probability of Petroreconcavo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Petroreconcavo's price. Additionally, you may evaluate how the addition of Petroreconcavo to your portfolios can decrease your overall portfolio volatility.