PETRONOR Volatility

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PNOR -- Norway Stock  

NOK 0.98  0.02  2.00%

PETRONOR appears to be extremely dangerous, given 3 months investment horizon. PETRONOR EP LTD maintains Sharpe Ratio (i.e. Efficiency) of 0.18, which implies the firm had 0.18% of return per unit of standard deviation over the last 3 months. Our approach into forecasting the volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. By inspecting PETRONOR EP LTD technical indicators you can now evaluate if the expected return of 0.72% is justified by implied risk. Please employ PETRONOR EP LTD risk adjusted performance of 0.431, semi deviation of 2.32, and market risk adjusted performance of 9.59 to confirm if our risk estimates are consistent with your expectations.

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PETRONOR Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of PETRONOR daily returns, and it is calculated using variance and standard deviation. We also use PETRONOR's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of PETRONOR volatility.

90 Days Market Risk

Extremely Dangerous

Chance of Distress

90 Days Economic Sensitivity

Barely shadows the market

PETRONOR Market Sensitivity And Downside Risk

PETRONOR EP LTD beta coefficient measures the volatility of PETRONOR stock compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents PETRONOR stock's returns against your selected market. In other words, PETRONOR's beta of 0.11 provides an investor with an approximation of how much risk PETRONOR stock can potentially add to one of your existing portfolios. Let's try to break down what PETRONOR's beta means in this case. As returns on the market increase, PETRONOR returns are expected to increase less than the market. However, during the bear market, the loss on holding PETRONOR will be expected to be smaller as well.
3 Months Beta |Analyze PETRONOR EP LTD Demand Trend
Check current 30 days PETRONOR correlation with market (DOW)
β

Current PETRONOR Beta Coefficient

 = 

PETRONOR Central Daily Price Deviations

It is essential to understand the difference between upside risk (as represented by PETRONOR's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of PETRONOR stock's daily returns or price. Since the actual investment returns on holding a position in PETRONOR stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in PETRONOR.

PETRONOR EP LTD Volatility Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. PETRONOR Typical Price indicator is an average of each day price and can be used instead of closing price when creating different PETRONOR EP LTD moving average lines. View also all equity analysis or get more info about typical price price transform indicator.

PETRONOR Projected Return Density Against Market

Assuming the 30 trading days horizon, PETRONOR has a beta of 0.1061 indicating as returns on the market go up, PETRONOR average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding PETRONOR EP LTD will be expected to be much smaller as well. In addition to that, Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to PETRONOR or PETRONOR EP LTD sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that PETRONOR stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a PETRONOR stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision. The company has an alpha of 1.0001, implying that it can generate a 1.0 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 

PETRONOR Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to PETRONOR or PETRONOR EP LTD sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that PETRONOR stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a PETRONOR stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision. Assuming the 30 trading days horizon, the coefficient of variation of PETRONOR is 558.9. The daily returns are destributed with a variance of 16.37 and standard deviation of 4.05. The mean deviation of PETRONOR EP LTD is currently at 2.7. For similar time horizon, the selected benchmark (DOW) has volatility of 1.82
α
Alpha over DOW
=1.00
β
Beta against DOW=0.11
σ
Overall volatility
=4.05
Ir
Information ratio =0.20

PETRONOR Return Volatility

PETRONOR historical daily return volatility represents how much PETRONOR stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The company accepts 4.0464% volatility on return distribution over the 30 days horizon. By contrast, DOW inherits 1.8264% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

About PETRONOR Volatility

Volatility is a rate at which the price of PETRONOR or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of PETRONOR may increase or decrease. In other words, similar to PETRONOR's beta indicator, it measures the risk of PETRONOR and helps estimate the fluctuations that may happen in a short period of time. So if prices of PETRONOR fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility. Please read more on our technical analysis page.
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 is traded on Oslo Stock Exchange in Norway.

PETRONOR Investment Opportunity

PETRONOR EP LTD has a volatility of 4.05 and is 2.21 times more volatile than DOW. 35  of all equities and portfolios are less risky than PETRONOR. Compared to the overall equity markets, volatility of historical daily returns of PETRONOR EP LTD is lower than 35 () of all global equities and portfolios over the last 30 days. Use PETRONOR EP LTD to protect your portfolios against small markets fluctuations. The stock experiences a somewhat bearish sentiment, but market may correct it shortly. Check odds of PETRONOR to be traded at 0.9506 in 30 days. . Let's try to break down what PETRONOR's beta means in this case. As returns on the market increase, PETRONOR returns are expected to increase less than the market. However, during the bear market, the loss on holding PETRONOR will be expected to be smaller as well.

PETRONOR correlation with market

correlation synergy
Significant diversification
Overlapping area represents the amount of risk that can be diversified away by holding PETRONOR EP LTD and equity matching DJI index in the same portfolio.

PETRONOR Additional Risk Indicators

The analysis of various secondary risk indicators of PETRONOR is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in PETRONOR investment, and either accepting that risk or mitigating it. Along with some common measures of PETRONOR stock risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging your existing portfolio. Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing the like to determine which investment holds the most risk.
Risk Adjusted Performance0.431
Market Risk Adjusted Performance9.59
Mean Deviation3.05
Semi Deviation2.32
Downside Deviation3.22
Coefficient Of Variation427.93
Standard Deviation4.39

PETRONOR Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
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Please check Your Equity Center. Please also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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