Pacific Petroleum is selling at 16250.00 as of the 2nd of December 2024; that is 0.91 percent decrease since the beginning of the trading day. The stock's open price was 16400.0. Pacific Petroleum has hardly any chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Pacific Petroleum Transportation are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of September 2024 and ending today, the 2nd of December 2024. Click here to learn more.
Although Pacific Petroleum's alpha and beta are two of the key measurements used to evaluate Pacific Petroleum's performance over the market, the standard measures of volatility play an important role as well.
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Pacific Petroleum stock to make a market-neutral strategy. Peer analysis of Pacific Petroleum could also be used in its relative valuation, which is a method of valuing Pacific Petroleum by comparing valuation metrics with similar companies.