Petronor (Norway) Price on January 25, 2024
| PNOR Stock | NOK 9.99 0.11 1.11% |
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 9.99, as last reported on the 5th of May, with the highest price reaching 10.04 and the lowest price hitting 9.73 during the day. Petronor appears to be not too volatile, given 3 months investment horizon. Petronor EP maintains Sharpe Ratio (i.e., Efficiency) of 0.28, which implies the firm had a 0.28% return per unit of risk over the last 3 months. We have found thirty technical indicators for Petronor EP, which you can use to evaluate the volatility of the company. Please evaluate Petronor's Semi Deviation of 0.9385, risk adjusted performance of 0.1535, and Coefficient Of Variation of 427.43 to confirm if our risk estimates are consistent with your expectations.
Petronor Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Petronor |
Sharpe Ratio = 0.277
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Estimated Market Risk
| 1.51 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.42 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.28 actual daily | 21 79% of assets perform better |
Based on monthly moving average Petronor is performing at about 21% 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.
Petronor Valuation on January 25, 2024
It is possible to determine the worth of Petronor on a given historical date. On January 25, 2024 Petronor was worth 7.92 at the beginning of the trading date compared to the closed value of 7.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Petronor stock. Still, in general, we apply an absolute valuation method to find Petronor'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 Petronor where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Petronor's related companies.
| Open | High | Low | Close | Volume | |
| 8.00 | 8.02 | 7.94 | 7.98 | 17,660 | |
01/25/2024 | 7.92 | 8.07 | 7.90 | 7.90 | 107,973 |
| 7.80 | 8.01 | 7.80 | 8.00 | 38,425 |
| Backtest Petronor | | | Petronor History | | | Petronor Valuation | Previous | Next |
Petronor Trading Date Momentum on January 25, 2024
| On January 26 2024 Petronor EP was traded for 8.00 at the closing time. The highest price during the trading period was 8.01 and the lowest recorded bid was listed for 7.80 . The volume for the day was 38.4 K. This history from January 26, 2024 contributed to the next trading day price upswing. The trading delta at closing time to the next closing price was 1.27% . The trading delta at closing time to the current price is 1.14% . |
Petronor EP Fundamentals Correlations and Trends
By evaluating Petronor'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 Petronor's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Petronor financial account trend analysis is a perfect complement when working with valuation or volatility modules.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
Low | January 25, 2024
| High |
7.92 | 7.90 |
Petronor May 5, 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
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 | 0.1535 | |||
| Jensen Alpha | 0.3652 | |||
| Total Risk Alpha | 0.1744 | |||
| Sortino Ratio | 0.1825 | |||
| Treynor Ratio | (0.86) |
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| 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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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