Parex Resources Backtesting

Parex Resources -- Canada Stock  

CAD 20.67  0.31  1.48%

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

February 20, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
April 21, 2018
0.00
If you would invest  0.00  in Parex Resources on February 20, 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 60 days. Parex Resources is related to or competes with Boralex, North American, Lithium Americas, Taseko Mines, and Lydian International. Parex Resources Inc. engages in the exploration, development, production, and marketing of oil and natural gas in Colomb...

Parex Resources Upside/Downside Indicators

Downside Deviation1.17
Information Ratio0.0828
Maximum Drawdown5.65
Value At Risk1.78
Potential Upside1.93
  

Parex Resources Market Premium Indicators

Risk Adjusted Performance0.0881
Jensen Alpha0.0435
Total Risk Alpha0.068
Sortino Ratio0.0709
Treynor Ratio0.63

Parex Resources Backtested Returns

We consider Parex Resources not too risky. Parex Resources maintains Sharpe Ratio (i.e. Efficiency) of 0.019 which implies Parex Resources had 0.019% of return per unit of risk over the last 2 months. 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 which you can use to evaluate future volatility of the company. Please check Parex Resources Coefficient Of Variation of 1781.04, Semi Deviation of 0.7604 and Risk Adjusted Performance of 0.0881 to confirm if risk estimate we provide are consistent with the epected return of 0.0579%. Parex Resources has performance score of 1 on a scale of 0 to 100. The organization holds Beta of -0.0738 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 current trending patterns, 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 technical indicators you can presently evaluate if the expected return of 0.0579% will be sustainable into the future. Parex Resources right now holds a risk of 3.0455%. Please 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 will be following its historical price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.00 

No correlation between past and present

Parex Resources has no correlation between past and present. Overlapping area represents the amount of predictability between Parex Resources time series from February 20, 2018 to March 22, 2018 and March 22, 2018 to April 21, 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 0.0 indicates that just 0.0% of current Parex Resources price fluctuation can be explain by its past prices.
Average Price 20.98
Lagged Average Price 20.98

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 

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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 Coins and Tokens Correlation module to utilize digital token correlation table to build portfolio of cryptocurrencies across multiple exchanges.