Petrofac Ltd Adr Stock Market Value
| POFCY Stock | USD 0.06 0 3.00% |
| Symbol | Petrofac |
Petrofac '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 Petrofac'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 Petrofac.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Petrofac on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Petrofac Ltd ADR or generate 0.0% return on investment in Petrofac over 30 days. Petrofac is related to or competes with Worley Parsons, Saipem SpA, Bri Chem, Pulse Seismic, and Calfrac Well. Petrofac Limited designs, builds, manages, and maintains infrastructure for the energy industries in the United Kingdom,... More
Petrofac 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 Petrofac'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 Petrofac Ltd ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 39.08 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 16.67 |
Petrofac Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Petrofac's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Petrofac's standard deviation. In reality, there are many statistical measures that can use Petrofac historical prices to predict the future Petrofac's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.59) | |||
| Total Risk Alpha | (1.63) | |||
| Treynor Ratio | (0.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Petrofac'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.
Petrofac ADR Backtested Returns
Petrofac ADR maintains Sharpe Ratio (i.e., Efficiency) of -0.0425, which implies the firm had a -0.0425% return per unit of risk over the last 3 months. Petrofac ADR exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Petrofac's Risk Adjusted Performance of (0.02), variance of 65.46, and Coefficient Of Variation of (2,406) to confirm the risk estimate we provide. The company holds a Beta of 2.16, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Petrofac will likely underperform. At this point, Petrofac ADR has a negative expected return of -0.35%. Please make sure to check Petrofac's value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Petrofac ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.41 |
Average predictability
Petrofac Ltd ADR has average predictability. Overlapping area represents the amount of predictability between Petrofac time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Petrofac ADR price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Petrofac price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Petrofac ADR lagged returns against current returns
Autocorrelation, which is Petrofac 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 Petrofac's pink sheet expected returns. We can calculate the autocorrelation of Petrofac returns to help us make a trade decision. For example, suppose you find that Petrofac 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 |
Petrofac 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 Petrofac pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Petrofac pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Petrofac pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Petrofac Lagged Returns
When evaluating Petrofac's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Petrofac pink sheet have on its future price. Petrofac 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, Petrofac autocorrelation shows the relationship between Petrofac pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Petrofac Ltd ADR.
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 Petrofac Pink Sheet Analysis
When running Petrofac's price analysis, check to measure Petrofac'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 Petrofac is operating at the current time. Most of Petrofac's value examination focuses on studying past and present price action to predict the probability of Petrofac's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Petrofac's price. Additionally, you may evaluate how the addition of Petrofac to your portfolios can decrease your overall portfolio volatility.