Parex Resources Backtesting

PXT -- Canada Stock  

CAD 18.59  0.63  3.28%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Parex Resources and determine expected loss or profit from investing in Parex Resources over given investment horizon. Additionally take a look at Parex Resources Hype Analysis, Parex Resources Correlation, Parex Resources Valuation, Parex Resources Volatility as well as analyze Parex Resources Alpha and Beta and Parex Resources Performance.
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

Parex Resources 'What if' Analysis

July 17, 2018
0.00
No Change 0.00  0.0%
In 31 days
August 16, 2018
0.00
If you would invest  0.00  in Parex Resources on July 17, 2018 and sell it all today you would earn a total of 0.00 from holding Parex Resources or generate 0.0% return on investment in Parex Resources over 30 days. Parex Resources is related to or competes with Lucara Diamond, Continental Gold, North American, Lithium Americas, Sherritt International, and TASEKO MINES. Parex Resources Inc. engages in the exploration, development, production, and marketing of oil and natural gas in Colomb...

Parex Resources Upside/Downside Indicators

Information Ratio0.28
Maximum Drawdown21.31
Value At Risk9.56
Potential Upside2.96
  

Parex Resources Market Premium Indicators

Risk Adjusted Performance0.12
Jensen Alpha1.27
Total Risk Alpha1.25
Treynor Ratio2.62

Parex Resources Backtested Returns

Macroaxis considers Parex Resources to be relatively volatile. Parex Resources maintains Sharpe Ratio (i.e. Efficiency) of -0.2694 which implies Parex Resources had -0.2694% of return per unit of risk over the last 1 month. Macroaxis philosophy towards forecasting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Parex Resources exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Parex Resources Coefficient Of Variation of 362.78 and Risk Adjusted Performance of 0.12 to confirm risk estimate we provide. Macroaxis gives Parex Resources performance score of 0 on a scale of 0 to 100. The organization holds Beta of 0.4842 which implies as returns on market increase, Parex Resources returns are expected to increase less than the market. However during bear market, the loss on holding Parex Resources will be expected to be smaller as well.. Even though it is essential to pay attention to Parex Resources 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. Parex Resources exposes twenty-one different technical indicators which can help you to evaluate its performance. Parex Resources has expected return of -1.2034%. Please be advised to check Parex Resources Information Ratio, Value At Risk as well as the relationship between Value At Risk and Expected Short fall to decide if Parex Resources past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.53 

Modest predictability

Parex Resources has modest predictability. Overlapping area represents the amount of predictability between Parex Resources time series from July 17, 2018 to August 1, 2018 and August 1, 2018 to August 16, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Parex Resources price movement. The serial correlation of 0.53 indicates that about 53.0% of current Parex Resources price fluctuation can be explain by its past prices.
Correlation Coefficient 0.53
Spearman Rank Test 0.15
Price Variance 2.29
Lagged Price Variance 1.13

Parex Resources lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Parex Resources regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Parex Resources Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - PXT

Parex Resources Investor Sentiment
Most of Macroaxis users are at this time bullish on Parex Resources. What is your perspective on investing in Parex Resources? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
Skip
Currently Active Assets on Macroaxis
S   
Purchased over 500 shares of
few days ago
Traded for 6.08
S   
Purchased over 500 shares of
few days ago
Traded for 6.08
MRN   
Purchased over 100 shares of
few days ago
Traded for 2.17
C   
Purchased over 40 shares of
few days ago
Traded for 71.99
F   
Purchased over 300 shares of
few days ago
Traded for 9.91
Additionally take a look at Parex Resources Hype Analysis, Parex Resources Correlation, Parex Resources Valuation, Parex Resources Volatility as well as analyze Parex Resources Alpha and Beta and Parex Resources Performance. Please also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.