Petrosea Tbk (Indonesia) Technical Analysis
| PTRO Stock | IDR 4,700 290.00 6.58% |
As of the 18th of April 2024, Petrosea Tbk holds the Variance of 18.76, risk adjusted performance of (0), and Coefficient Of Variation of (5,760). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Petrosea Tbk, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate thirteen technical drivers for Petrosea Tbk, which can be compared to its competitors. Please check Petrosea Tbk mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance to decide if Petrosea Tbk is priced some-what accurately, providing market reflects its current price of 4700.0 per share.
Petrosea Tbk Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Petrosea, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to PetroseaPetrosea |
Petrosea Tbk 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.
Petrosea Tbk Technical Analysis
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Petrosea Tbk Trend Analysis
Use this graph to draw trend lines for Petrosea Tbk. You can use it to identify possible trend reversals for Petrosea Tbk as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Petrosea Tbk price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Petrosea Tbk Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Petrosea Tbk applied against its price change over selected period. The best fit line has a slop of 11.48 , which may suggest that Petrosea Tbk market price will keep on failing further. It has 122 observation points and a regression sum of squares at 4987674.84, which is the sum of squared deviations for the predicted Petrosea Tbk price change compared to its average price change.About Petrosea Tbk Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Petrosea Tbk on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Petrosea Tbk based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Petrosea Tbk price pattern first instead of the macroeconomic environment surrounding Petrosea Tbk. By analyzing Petrosea Tbk's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Petrosea Tbk's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Petrosea Tbk specific price patterns or momentum indicators. Please read more on our technical analysis page.
Petrosea Tbk April 18, 2024 Technical Indicators
Most technical analysis of Petrosea help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Petrosea from various momentum indicators to cycle indicators. When you analyze Petrosea charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Price Transform | ||
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| Volume Indicators |
| Risk Adjusted Performance | (0) | |||
| Market Risk Adjusted Performance | 0.1707 | |||
| Mean Deviation | 3.05 | |||
| Coefficient Of Variation | (5,760) | |||
| Standard Deviation | 4.33 | |||
| Variance | 18.76 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | 0.1607 | |||
| Maximum Drawdown | 23.0 | |||
| Value At Risk | (5.54) | |||
| Potential Upside | 8.1 | |||
| Skewness | 0.2073 | |||
| Kurtosis | 2.34 |
Check out Your Equity Center to better understand how to build diversified portfolios. 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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Petrosea Stock analysis
When running Petrosea Tbk's price analysis, check to measure Petrosea Tbk'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 Petrosea Tbk is operating at the current time. Most of Petrosea Tbk's value examination focuses on studying past and present price action to predict the probability of Petrosea Tbk's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Petrosea Tbk's price. Additionally, you may evaluate how the addition of Petrosea Tbk to your portfolios can decrease your overall portfolio volatility.
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