Petrus Resources Stock Market Value
| PTRUF Stock | USD 1.03 0.02 1.98% |
| Symbol | Petrus |
Petrus Resources '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 Petrus Resources' otc 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 Petrus Resources.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Petrus Resources on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Petrus Resources or generate 0.0% return on investment in Petrus Resources over 180 days. Petrus Resources is related to or competes with FAR, Epsilon Energy, PetroShale, Reserve Petroleum, Pieridae Energy, San Leon, and Enwell Energy. Petrus Resources Ltd., an energy company, engages in the acquisition, exploration, development, and exploitation of oil ... More
Petrus Resources 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 Petrus Resources' otc 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 Petrus Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.13 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 13.24 | |||
| Value At Risk | (2.91) | |||
| Potential Upside | 2.88 |
Petrus Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Petrus Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Petrus Resources' standard deviation. In reality, there are many statistical measures that can use Petrus Resources historical prices to predict the future Petrus Resources' volatility.| Risk Adjusted Performance | 0.0558 | |||
| Jensen Alpha | 0.0897 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.5784 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Petrus Resources' 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.
Petrus Resources Backtested Returns
At this point, Petrus Resources is very risky. Petrus Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.0434, which implies the firm had a 0.0434% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Petrus Resources, which you can use to evaluate the volatility of the company. Please check Petrus Resources' Coefficient Of Variation of 1534.23, semi deviation of 1.82, and Risk Adjusted Performance of 0.0558 to confirm if the risk estimate we provide is consistent with the expected return of 0.0799%. Petrus Resources has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of 0.2, which implies not very significant fluctuations relative to the market. As returns on the market increase, Petrus Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Petrus Resources is expected to be smaller as well. Petrus Resources right now holds a risk of 1.84%. Please check Petrus Resources downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Petrus Resources will be following its historical price patterns.
Auto-correlation | 0.13 |
Insignificant predictability
Petrus Resources has insignificant predictability. Overlapping area represents the amount of predictability between Petrus Resources time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Petrus Resources price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Petrus Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Petrus Resources lagged returns against current returns
Autocorrelation, which is Petrus Resources otc 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 Petrus Resources' otc stock expected returns. We can calculate the autocorrelation of Petrus Resources returns to help us make a trade decision. For example, suppose you find that Petrus Resources has exhibited high autocorrelation historically, and you observe that the otc 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 |
Petrus Resources 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 Petrus Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Petrus Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Petrus Resources otc stock over time.
Current vs Lagged Prices |
| Timeline |
Petrus Resources Lagged Returns
When evaluating Petrus Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Petrus Resources otc stock have on its future price. Petrus Resources 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, Petrus Resources autocorrelation shows the relationship between Petrus Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Petrus Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Petrus OTC Stock
Petrus Resources financial ratios help investors to determine whether Petrus OTC 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 Petrus with respect to the benefits of owning Petrus Resources security.