Parex Resources Technical Analysis

Parex Resources Inc -- Canada Stock  

CAD 18.00  0.20  1.12%

Parex Resources Inc holds Coefficient Of Variation of 754.09 and Risk Adjusted Performance of 0.23. Compared with Fundamental Indicators, Macroaxis technical analysis interface allows you to check existing technical drivers of Parex Resources as well as the relationship between them. In other words you can use this information to find out if the company will indeed mirror its model of past market data or the prices will eventually revert. We found nineteen technical drivers for Parex Resources Inc which can be compared to its competitors. 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 is priced some-what accurately providing market reflects its current price of 18.0 per share.
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Parex Resources Inc Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Parex Resources Inc volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.

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 0.1 % which may suggest that Parex Resources Inc market price will keep on failing further. It has 34 observation points and a regression sum of squares at 8.61, which is the sum of squared deviations for the predicted Parex Resources price change compared to its average price change.

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Correlation Analysis

Reduce portfolio risk simply by holding instruments which are not perfectly correlated
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Parex Resources Inc is rated below average in mean deviation category among related companies. It is currently under evaluation in standard deviation category among related companies creating about  1.33  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Parex Resources Inc is roughly  1.33 

Parex Resources Market Strength

Parex Resources February 19, 2018 Daily Price Condition