Petro Victory Energy Corp Stock Market Value
VRY Stock | CAD 1.99 0.01 0.51% |
Symbol | Petro |
Petro Victory 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Petro Victory's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Petro Victory.
04/08/2022 |
| 03/28/2024 |
If you would invest 0.00 in Petro Victory on April 8, 2022 and sell it all today you would earn a total of 0.00 from holding Petro Victory Energy Corp or generate 0.0% return on investment in Petro Victory over 720 days. Petro Victory is related to or competes with Bluestone Resources, Vertex Resource, and Strategic Metals. Petro-Victory Energy Corp., through its subsidiaries, engages in petroleum and natural gas exploration, and other energy... More
Petro Victory Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Petro Victory's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Petro Victory Energy Corp upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.07) | |||
Maximum Drawdown | 18.64 | |||
Value At Risk | (4.76) | |||
Potential Upside | 4.48 |
Petro Victory Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Petro Victory's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Petro Victory's standard deviation. In reality, there are many statistical measures that can use Petro Victory historical prices to predict the future Petro Victory's volatility.Risk Adjusted Performance | (0) | |||
Jensen Alpha | (0.04) | |||
Total Risk Alpha | (0.64) | |||
Treynor Ratio | 0.2802 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Petro Victory's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Petro-Victory Energy Corp Backtested Returns
Petro-Victory Energy Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.021, which implies the firm had a -0.021% return per unit of risk over the last 3 months. Petro-Victory Energy Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Petro Victory's Variance of 6.5, coefficient of variation of (4,767), and Risk Adjusted Performance of (0) to confirm the risk estimate we provide. The company holds a Beta of -0.23, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Petro Victory are expected to decrease at a much lower rate. During the bear market, Petro Victory is likely to outperform the market. Petro-Victory Energy Corp has an expected return of -0.0535%. Please make sure to check Petro-Victory Energy Corp value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Petro-Victory Energy Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.24 |
Weak predictability
Petro Victory Energy Corp has weak predictability. Overlapping area represents the amount of predictability between Petro Victory time series from 8th of April 2022 to 3rd of April 2023 and 3rd of April 2023 to 28th of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Petro-Victory Energy Corp price movement. The serial correlation of 0.24 indicates that over 24.0% of current Petro Victory price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.24 | |
Spearman Rank Test | 0.18 | |
Residual Average | 0.0 | |
Price Variance | 0.09 |
Petro-Victory Energy Corp lagged returns against current returns
Autocorrelation, which is Petro Victory stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Petro Victory's stock expected returns. We can calculate the autocorrelation of Petro Victory returns to help us make a trade decision. For example, suppose you find that Petro Victory has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
Timeline |
Petro Victory regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Petro Victory stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Petro Victory stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Petro Victory stock over time.
Current vs Lagged Prices |
Timeline |
Petro Victory Lagged Returns
When evaluating Petro Victory's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Petro Victory stock have on its future price. Petro Victory autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Petro Victory autocorrelation shows the relationship between Petro Victory stock current value and its past values and can show if there is a momentum factor associated with investing in Petro Victory Energy Corp.
Regressed Prices |
Timeline |
Also Currently Popular
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.CLSK | CleanSpark | |
V | Visa Class A | |
CDLX | Cardlytics |
Check out Petro Victory Correlation, Petro Victory Volatility and Petro Victory Alpha and Beta module to complement your research on Petro Victory. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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When running Petro Victory's price analysis, check to measure Petro Victory'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 Petro Victory is operating at the current time. Most of Petro Victory's value examination focuses on studying past and present price action to predict the probability of Petro Victory's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Petro Victory's price. Additionally, you may evaluate how the addition of Petro Victory to your portfolios can decrease your overall portfolio volatility.
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Petro Victory 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.