The organization holds Beta of 1.4982 which implies as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Petroleo Brasileiro will likely underperform. Even though it is essential to pay attention to Petroleo Brasileiro
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
. Petroleo Brasileiro exposes twenty-one different technical indicators which can help you to evaluate its performance. Petroleo Brasileiro
has expected return of -0.0537%. Please be advised to check Petroleo Brasileiro Jensen Alpha
and Downside Variance
to decide if Petroleo Brasileiro
past performance will be repeated at some point in the near future.
Over the last 30 days Petroleo Brasileiro S A Petro has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively invariable forward-looking signals, Petroleo Brasileiro is not utilizing all of its potentials. The ongoing stock price agitation, may contribute to short term losses for the management.
|Fifty Two Week Low||10.31|
|Target High Price||23.00|
|Fifty Two Week High||17.90|
|Target Low Price||15.80|