Petronor (Norway) Price on May 11, 2020
| PNOR Stock | NOK 8.70 0.14 1.64% |
If you're considering investing in Petronor Stock, it is important to understand the factors that can impact its price. As of today, the current price of Petronor stands at 8.70, as last reported on the 24th of April, with the highest price reaching 8.72 and the lowest price hitting 8.61 during the day. We consider Petronor not too volatile. Petronor EP maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Petronor EP, which you can use to evaluate the volatility of the company. Please check Petronor's Risk Adjusted Performance of 0.0624, coefficient of variation of 1079.21, and Semi Deviation of 1.17 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%.
Petronor Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Petronor |
Sharpe Ratio = 0.1241
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Estimated Market Risk
| 1.35 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.17 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Petronor is performing at about 9% of its full potential. 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 Petronor by adding it to a well-diversified portfolio.
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.
About Petronor Stock history
Petronor 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 Petronor is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Petronor EP 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 Petronor stock prices may prove useful in developing a viable investing in Petronor
PetroNor EP Limited operates as an oil and gas exploration and production company in West Africa. The company was founded 2017 and is headquartered in London, the United Kingdom. PETRONOR operates under Oil Gas EP classification in Norway and is traded on Oslo Stock Exchange. It employs 20 people.
Petronor Stock Technical Analysis
Petronor 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
Petronor Period Price Range
Petronor April 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Petronor stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Petronor shares will generate the highest return on investment. By undertsting and applying Petronor stock market strength indicators, traders can identify Petronor EP entry and exit signals to maximize returns
| Accumulation Distribution | 1988.6 | |||
| Daily Balance Of Power | 1.272727 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 8.66 | |||
| Day Typical Price | 8.68 | |||
| Price Action Indicator | 0.1 | |||
| Period Momentum Indicator | 0.14 |
Petronor Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Petronor's price direction in advance. Along with the technical and fundamental analysis of Petronor Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Petronor 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 | 0.0624 | |||
| Jensen Alpha | 0.1127 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0232 | |||
| Treynor Ratio | (102.36) |
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| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Petronor EP. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Petronor Stock analysis
When running Petronor's price analysis, check to measure Petronor'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 Petronor is operating at the current time. Most of Petronor's value examination focuses on studying past and present price action to predict the probability of Petronor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Petronor's price. Additionally, you may evaluate how the addition of Petronor to your portfolios can decrease your overall portfolio volatility.
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