Petronas Gas (Malaysia) Today
| 6033 Stock | 18.16 0.02 0.11% |
Performance6 of 100
| Odds Of DistressLess than 9
|
Petronas Gas is selling for 18.16 as of the 8th of May 2024. This is a 0.11 percent up since the beginning of the trading day. The stock's lowest day price was 18.16. Petronas Gas has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Petronas Gas Bhd are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of March 2024 and ending today, the 8th of May 2024. Click here to learn more.
Moving together with Petronas Stock
| 0.69 | 7233 | Dufu Tech Corp | PairCorr |
| 0.61 | 4707 | Nestle Bhd | PairCorr |
Moving against Petronas Stock
| 0.64 | 0132 | TechnoDex Bhd | PairCorr |
| 0.57 | 5284 | Lotte Chemical Titan | PairCorr |
Follow Valuation Odds of Bankruptcy
Check how we calculate scores
Petronas Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Petronas Gas' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Petronas Gas or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Natural Gas Utilities, Utilities (View all Sectors) |
Petronas Gas Bhd (6033) is traded on Kuala Lumpur Exchange in Malaysia . The company currently falls under 'Large-Cap' category with a current market capitalization of 33.64 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Petronas Gas's market, we take the total number of its shares issued and multiply it by Petronas Gas's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Petronas Gas Bhd operates under Utilities sector and is part of Natural Gas Utilities industry.
Petronas Gas generates positive cash flow from operations, but has no cash available
Check Petronas Gas Probability Of Bankruptcy
Petronas Stock Price Odds Analysis
Proceeding from a normal probability distribution, the odds of Petronas Gas jumping above the current price in 90 days from now is nearly 4.78%. The Petronas Gas Bhd probability density function shows the probability of Petronas Gas stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Petronas Gas has a beta of 0.2698. This suggests as returns on the market go up, Petronas Gas average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Petronas Gas Bhd will be expected to be much smaller as well. Additionally, petronas Gas Bhd has an alpha of 0.0291, implying that it can generate a 0.0291 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Petronas Gas to move above the current price in 90 days from now is nearly 4.78 (This Petronas Gas Bhd probability density function shows the probability of Petronas Stock to fall within a particular range of prices over 90 days) .
Petronas Gas Bhd Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Petronas Gas market risk premium is the additional return an investor will receive from holding Petronas Gas long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Petronas Gas. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Petronas Gas' alpha and beta are two of the key measurements used to evaluate Petronas Gas' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.4257 | |||
| Semi Deviation | 0.4899 | |||
| Standard Deviation | 0.6903 | |||
| Variance | 0.4766 |
Petronas Stock Against Markets
Picking the right benchmark for Petronas Gas stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Petronas Gas stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Petronas Gas is critical whether you are bullish or bearish towards Petronas Gas Bhd at a given time. Please also check how Petronas Gas' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Petronas Gas without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Equity Valuation Now
Equity ValuationCheck real value of public entities based on technical and fundamental data |
| All Next | Launch Module |
How to buy Petronas Stock?
Before investing in Petronas Gas, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Petronas Gas. To buy Petronas Gas stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Petronas Gas. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Petronas Gas stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Petronas Gas Bhd stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Petronas Gas Bhd stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Petronas Gas Bhd, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Petronas Gas Bhd?
The danger of trading Petronas Gas Bhd is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Petronas Gas is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Petronas Gas. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Petronas Gas Bhd is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Petronas Gas Bhd. 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 Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Petronas Stock analysis
When running Petronas Gas' price analysis, check to measure Petronas Gas' 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 Petronas Gas is operating at the current time. Most of Petronas Gas' value examination focuses on studying past and present price action to predict the probability of Petronas Gas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Petronas Gas' price. Additionally, you may evaluate how the addition of Petronas Gas to your portfolios can decrease your overall portfolio volatility.
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency |