|Parex Resources Inc -- Canada Stock|| |
CAD 15.81 0.28 1.8%
Parex Resources Inc Trend Analysis
Use this graph to draw trend lines for Parex Resources Inc. You can use it to identify possible trend reversals for Parex Resources as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Parex Resources price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Parex Resources Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Parex Resources Inc applied against its price change over selected period. The best fit line has a slop of 0.04701 %
which means Parex Resources Inc will continue generating value for investors. It has 34 observation points and a regression sum of squares at 1.8, which is the sum of squared deviations for the predicted Parex Resources price change compared to its average price change.