Parex Resources Technical Analysis

Parex Resources Inc -- Canada Stock  

CAD 15.81  0.28  1.8%

Parex Resources Inc holds Coefficient Of Variation of 614.89, Semi Deviation of 1.42 and Risk Adjusted Performance of 0.0508. 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 15.81 per share.
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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.

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Parex Resources Inc is regarded fifth in mean deviation category among related companies. It is regarded fifth in standard deviation category among related companies creating about  1.3  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Parex Resources Inc is roughly  1.3