The organization holds Beta of -0.372 which implies as returns on market increase, returns on owning Oil Refineries are expected to decrease at a much smaller rate. During bear market, Oil Refineries is likely to outperform the market. Even though it is essential to pay attention to Oil Refineries
current trending patterns, it is always good to be careful when utilizing equity existing price patterns
. Macroaxis philosophy towards forecasting future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators
. Oil Refineries exposes twenty-one different technical indicators which can help you to evaluate its performance. Oil Refineries
has expected return of -0.049%. Please be advised to check Oil Refineries Jensen Alpha
as well as the relationship
between Potential Upside
to decide if Oil Refineries
past performance will be repeated at some point in the near future.
Over the last 30 days Oil Refineries Ltd has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Oil Refineries is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
|Fifty Two Week Low||145.10|
|Target High Price||0.53|
|Fifty Two Week High||198.10|
|Trailing Annual Dividend Yield||0.01%|
|Target Low Price||0.50|