Petroreconcavo (Brazil) Price on August 2, 2024
RECV3 Stock | BRL 15.87 0.17 1.08% |
If you're considering investing in Petroreconcavo Stock, it is important to understand the factors that can impact its price. As of today, the current price of Petroreconcavo stands at 15.87, as last reported on the 22nd of December, with the highest price reaching 15.99 and the lowest price hitting 15.62 during the day. Petroreconcavo SA maintains Sharpe Ratio (i.e., Efficiency) of -0.0349, which implies the firm had a -0.0349% return per unit of risk over the last 3 months. Petroreconcavo SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Petroreconcavo's Coefficient Of Variation of (2,031), risk adjusted performance of (0.03), and Variance of 5.23 to confirm the risk estimate we provide.
Petroreconcavo Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Petroreconcavo |
Sharpe Ratio = -0.0349
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Estimated Market Risk
2.32 actual daily | 20 80% of assets are more volatile |
Expected Return
-0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Petroreconcavo is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Petroreconcavo by adding Petroreconcavo to a well-diversified portfolio.
Petroreconcavo Valuation on August 2, 2024
It is possible to determine the worth of Petroreconcavo on a given historical date. On August 2, 2024 Petroreconcavo was worth 18.81 at the beginning of the trading date compared to the closed value of 18.41. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Petroreconcavo stock. Still, in general, we apply an absolute valuation method to find Petroreconcavo's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Petroreconcavo where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Petroreconcavo's related companies.
Open | High | Low | Close | Volume | |
19.45 | 19.77 | 18.69 | 18.81 | 4,030,500 | |
08/02/2024 | 18.81 | 19.09 | 18.34 | 18.41 | 2,862,700 |
17.90 | 18.23 | 17.59 | 18.13 | 1,973,700 |
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Petroreconcavo Trading Date Momentum on August 2, 2024
On August 05 2024 Petroreconcavo SA was traded for 18.13 at the closing time. The highest price during the trading period was 18.23 and the lowest recorded bid was listed for 17.59 . The volume for the day was 2 M. This history from August 5, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 1.52% . The trading delta at closing time to the current price is 8.47% . |
Petroreconcavo SA Fundamentals Correlations and Trends
By evaluating Petroreconcavo's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Petroreconcavo's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Petroreconcavo financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Petroreconcavo Stock history
Petroreconcavo investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Petroreconcavo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Petroreconcavo SA will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Petroreconcavo stock prices may prove useful in developing a viable investing in Petroreconcavo
Petroreconcavo S.A. engages in the exploration, production, transportation, processing, and commercialization of oil and natural gas in Brazil. The company was founded in 1999 and is based in Mata de Sao Joao, Brazil. PETRORECSA operates under Oil Gas EP classification in Brazil and is traded on Sao Paolo Stock Exchange. It employs 532 people.
Petroreconcavo Stock Technical Analysis
Petroreconcavo technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Petroreconcavo Period Price Range
Low | December 22, 2024
| High |
0.00 | 0.00 |
Petroreconcavo SA cannot be verified against its exchange. Please verify the symbol is currently traded on Sao Paulo Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Petroreconcavo December 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Petroreconcavo stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Petroreconcavo shares will generate the highest return on investment. By undertsting and applying Petroreconcavo stock market strength indicators, traders can identify Petroreconcavo SA entry and exit signals to maximize returns
Petroreconcavo Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Petroreconcavo's price direction in advance. Along with the technical and fundamental analysis of Petroreconcavo Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Petroreconcavo to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.03) | |||
Jensen Alpha | (0.14) | |||
Total Risk Alpha | (0.19) | |||
Treynor Ratio | (0.20) |
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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.