Parex Resources Stock Price on March 15, 2024
| PXT Stock | CAD 22.63 0.41 1.78% |
Below is the normalized historical share price chart for Parex Resources extending back to November 12, 2009. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Parex Resources stands at 22.63, as last reported on the 22nd of May, with the highest price reaching 22.96 and the lowest price hitting 22.57 during the day.
If you're considering investing in Parex Stock, it is important to understand the factors that can impact its price. We consider Parex Resources very steady. Parex Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Parex Resources, which you can use to evaluate the volatility of the company. Please check Parex Resources' Semi Deviation of 1.51, risk adjusted performance of 0.0825, and Coefficient Of Variation of 749.78 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%.
At this time, Parex Resources' Total Stockholder Equity is very stable compared to the past year. As of the 22nd of May 2024, Common Stock Shares Outstanding is likely to grow to about 129.2 M, while Other Stockholder Equity is likely to drop about 17.4 M. . At this time, Parex Resources' Price Fair Value is very stable compared to the past year. Parex Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 24.1573 | 50 Day MA 22.8958 | Beta 1.557 |
Parex |
Sharpe Ratio = 0.1182
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Estimated Market Risk
| 1.51 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.18 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Parex Resources is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Parex Resources by adding it to a well-diversified portfolio.
Price Book 0.9062 | Enterprise Value Ebitda 3.6456 | Price Sales 2.0736 | Shares Float 100.5 M | Dividend Share 1.136 |
Parex Resources Valuation on March 15, 2024
It is possible to determine the worth of Parex Resources on a given historical date. On March 15, 2024 Parex was worth 20.87 at the beginning of the trading date compared to the closed value of 21.08. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Parex Resources stock. Still, in general, we apply an absolute valuation method to find Parex Resources' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Parex Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Parex Resources' related companies.
| Open | High | Low | Close | Volume | |
| 20.69 | 21.09 | 20.44 | 20.90 | 718,535 | |
03/15/2024 | 20.87 | 21.19 | 20.76 | 21.08 | 688,730 |
| 21.16 | 21.28 | 20.92 | 21.21 | 1,085,962 |
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Parex Resources Trading Date Momentum on March 15, 2024
| On March 18 2024 Parex Resources was traded for 21.21 at the closing time. The maximum traded price for the trading interval was 21.28 and the lowest daily price was 20.92 . The daily volume was recorded at 1.1 M. The volume of trading on 18th of March 2024 played a part in the next trading day price boost. The trading delta at closing time to the next closing price was 0.62% . The trading delta at closing time to the closing price today is 0.57% . |
Parex Resources Fundamentals Correlations and Trends
By evaluating Parex Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Parex Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Parex financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Parex Resources Stock history
Parex Resources investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Parex is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Parex Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Parex Resources stock prices may prove useful in developing a viable investing in Parex Resources
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 104.5 M | 129.2 M | |
| Net Income Applicable To Common Shares | 703.1 M | 738.2 M |
Parex Resources Stock Technical Analysis
Parex Resources technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Parex Resources Period Price Range
Low | March 15, 2024
| High |
20.87 | 21.08 |
Parex Resources May 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Parex Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Parex Resources shares will generate the highest return on investment. By undertsting and applying Parex Resources stock market strength indicators, traders can identify Parex Resources entry and exit signals to maximize returns
Parex Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Parex Resources' price direction in advance. Along with the technical and fundamental analysis of Parex Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Parex to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0825 | |||
| Jensen Alpha | 0.2113 | |||
| Total Risk Alpha | 0.0056 | |||
| Sortino Ratio | 0.0669 | |||
| Treynor Ratio | (0.58) |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parex Resources. 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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Parex Stock analysis
When running Parex Resources' price analysis, check to measure Parex Resources' 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 Parex Resources is operating at the current time. Most of Parex Resources' value examination focuses on studying past and present price action to predict the probability of Parex Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Parex Resources' price. Additionally, you may evaluate how the addition of Parex Resources to your portfolios can decrease your overall portfolio volatility.
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