Parex Resources Backtesting

Parex Resources Inc -- Canada Stock  

CAD 15.53  0.12  0.78%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Parex Resources Inc 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
Investment Horizon     30 Days    Login   to change

Parex Resources 'What if' Analysis

September 23, 2017
No Change 0.00  0.0%
In 30 days
October 23, 2017
If you would invest  0.00  in Parex Resources on September 23, 2017 and sell it all today you would earn a total of 0.00 from holding Parex Resources Inc or generate 0.0% return on investment in Parex Resources over 30 days. Parex Resources is related to or competes with Boralex, Lucara Diamond, China Gold, Taseko Mines, and Continental Gold. It holds interests in onshore exploration and production blocks totaling approximately 1 870 122 gross acres in Colombia

Parex Resources Upside/Downside Indicators


Parex Resources Market Premium Indicators

Parex Resources Inc lagged returns against current returns

 Current and Lagged Values 

Parex Resources regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Parex Resources Inc Backtested Returns

We consider Parex Resources not very risky. Parex Resources Inc maintains Sharpe Ratio (i.e. Efficiency) of 0.0096 which implies Parex Resources Inc had 0.0096% of return per unit of risk over the last 1 month. Our philosophy towards forecasting volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Parex Resources Inc which you can use to evaluate future volatility of the company. Please check Parex Resources Inc Coefficient Of Variation of 614.89, Semi Deviation of 1.42 and Risk Adjusted Performance of 0.0526 to confirm if risk estimate we provide are consistent with the epected return of 0.0152%. Parex Resources has performance score of 0 on a scale of 0 to 100. The organization holds Beta of -0.1087 which implies as returns on market increase, returns on owning Parex Resources are expected to decrease at a much smaller rate. During bear market, Parex Resources is likely to outperform the market.. Although it is extremely important to respect Parex Resources Inc current trending patternss, it is better to be realistic regarding the information on equity existing price patterns. The philosophy towards forecasting future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing Parex Resources Inc technical indicators you can presently evaluate if the expected return of 0.0152% will be sustainable into the future. Parex Resources Inc right now holds a risk of 1.5789%. Please check Parex Resources Inc Information Ratio, Value At Risk as well as the relationship between Value At Risk and Expected Short fall to decide if Parex Resources Inc will be following its historical price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.49) 

Modest reverse predictability

Parex Resources Inc has modest reverse predictability. Overlapping area represents the amount of predictability between Parex Resources time series from September 23, 2017 to October 8, 2017 and October 8, 2017 to October 23, 2017. 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 Inc price movement. The serial correlation of -0.49 indicates that about 49.0% of current Parex Resources price fluctuation can be explain by its past prices. Given that Parex Resources Inc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Parex Resources for similar time interval.
Correlation Coefficient -0.49
Spearman Rank Test 0.22
Price Variance 0.05
Lagged Price Variance 0.06

Parex Resources Lagged Returns

 Regressed Prices 

Parex Resources Performance vs SPTSX Comp

The median price of Parex Resources for the period between Sat, Sep 23, 2017 and Mon, Oct 23, 2017 is 15.52 with a coefficient of variation of 2.67. The daily time series for the period is distributed with a sample standard deviation of 0.41, arithmetic mean of 15.46, and mean deviation of 0.34. The Stock received some media coverage during the period.
Price Growth (%)  
Parex Resources Inc. EPS Estimated At 0.2710/16/2017