Parex Resources Backtesting

Parex Resources Inc -- Canada Stock  

CAD 19.05  0.03  0.16%

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
 Time Horizon     30 Days    Login   to change

Parex Resources 'What if' Analysis

December 20, 2017
No Change 0.00  0.0%
In 31 days
January 19, 2018
If you would invest  0.00  in Parex Resources on December 20, 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, Continental Gold, and North American. 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

Macroaxis considers Parex Resources not too volatile given 1 month investment horizon. Parex Resources Inc maintains Sharpe Ratio (i.e. Efficiency) of 0.3237 which implies Parex Resources Inc had 0.3237% 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 employ Parex Resources Inc Coefficient Of Variation of 247.95, Semi Deviation of 0.3709 and Risk Adjusted Performance of 0.1815 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Parex Resources holds performance score of 21. The organization holds Beta of -1.7872 which implies as returns on market increase, returns on owning Parex Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Parex Resources is expected to significantly outperform it.. Although it is vital to follow to Parex Resources Inc current trending patterns, it is good to be conservative about what you can actually do with the information regarding 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 0.4758% will be sustainable into the future. Please employ Parex Resources Inc Information Ratio, Value At Risk as well as the relationship between Value At Risk and Expected Short fall to make a quick decision on weather Parex Resources historical price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.71 

Good predictability

Parex Resources Inc has good predictability. Overlapping area represents the amount of predictability between Parex Resources time series from December 20, 2017 to January 4, 2018 and January 4, 2018 to January 19, 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 Inc price movement. The serial correlation of 0.71 indicates that around 71.0% of current Parex Resources price fluctuation can be explain by its past prices.
Correlation Coefficient 0.71
Spearman Rank Test 0.53
Price Variance 0.09
Lagged Price Variance 0.33

Parex Resources Lagged Returns

 Regressed Prices 

Parex Resources Performance vs SPTSX Comp

The median price of Parex Resources for the period between Wed, Dec 20, 2017 and Fri, Jan 19, 2018 is 18.58 with a coefficient of variation of 5.15. The daily time series for the period is distributed with a sample standard deviation of 0.94, arithmetic mean of 18.22, and mean deviation of 0.76. The Stock received some media coverage during the period.
Price Growth (%)  
Parex Resources Inc Chaikin Money Flow Climbs Above Zero01/18/2018