PetroChina Company (Germany) Market Value
| PC6 Stock | EUR 0.67 0.02 2.90% |
| Symbol | PetroChina |
PetroChina Company '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 PetroChina Company'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 PetroChina Company.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in PetroChina Company on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding PetroChina Company Limited or generate 0.0% return on investment in PetroChina Company over 30 days. PetroChina Company is related to or competes with Gladstone Investment, LG Display, MGIC INVESTMENT, SEI INVESTMENTS, TRAVEL +, PLAY2CHILL, and KOOL2PLAY. PetroChina Company Limited, together with its subsidiaries, engages in a range of petroleum related products, services, ... More
PetroChina Company 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 PetroChina Company'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 PetroChina Company Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.54 | |||
| Information Ratio | 0.0605 | |||
| Maximum Drawdown | 53.09 | |||
| Value At Risk | (5.06) | |||
| Potential Upside | 6.67 |
PetroChina Company Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PetroChina Company's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PetroChina Company's standard deviation. In reality, there are many statistical measures that can use PetroChina Company historical prices to predict the future PetroChina Company's volatility.| Risk Adjusted Performance | 0.072 | |||
| Jensen Alpha | 0.4815 | |||
| Total Risk Alpha | (0.53) | |||
| Sortino Ratio | 0.1059 | |||
| Treynor Ratio | 3.12 |
PetroChina Limited Backtested Returns
PetroChina Company appears to be out of control, given 3 months investment horizon. PetroChina Limited maintains Sharpe Ratio (i.e., Efficiency) of 0.0827, which implies the firm had a 0.0827% return per unit of risk over the last 3 months. By analyzing PetroChina Company's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please evaluate PetroChina Company's Risk Adjusted Performance of 0.072, coefficient of variation of 1209.2, and Semi Deviation of 2.45 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PetroChina Company holds a performance score of 6. The company holds a Beta of 0.16, which implies not very significant fluctuations relative to the market. As returns on the market increase, PetroChina Company's returns are expected to increase less than the market. However, during the bear market, the loss of holding PetroChina Company is expected to be smaller as well. Please check PetroChina Company's treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether PetroChina Company's historical price patterns will revert.
Auto-correlation | 0.57 |
Modest predictability
PetroChina Company Limited has modest predictability. Overlapping area represents the amount of predictability between PetroChina Company time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 PetroChina Limited price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current PetroChina Company price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PetroChina Limited lagged returns against current returns
Autocorrelation, which is PetroChina Company 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 PetroChina Company's stock expected returns. We can calculate the autocorrelation of PetroChina Company returns to help us make a trade decision. For example, suppose you find that PetroChina Company 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 |
PetroChina Company 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 PetroChina Company stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PetroChina Company stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PetroChina Company stock over time.
Current vs Lagged Prices |
| Timeline |
PetroChina Company Lagged Returns
When evaluating PetroChina Company's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PetroChina Company stock have on its future price. PetroChina Company 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, PetroChina Company autocorrelation shows the relationship between PetroChina Company stock current value and its past values and can show if there is a momentum factor associated with investing in PetroChina Company Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in PetroChina Stock
PetroChina Company financial ratios help investors to determine whether PetroChina Stock 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 PetroChina with respect to the benefits of owning PetroChina Company security.