Parex Resources Cash per Share vs. Net Income

PXT Stock  CAD 21.64  0.12  0.56%   
Based on Parex Resources' profitability indicators, Parex Resources may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in April. Profitability indicators assess Parex Resources' ability to earn profits and add value for shareholders.
For Parex Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Parex Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Parex Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Parex Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Parex Resources over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Parex Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Parex Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Parex Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Parex Resources Net Income vs. Cash per Share Fundamental Analysis

Parex Net Income vs. Cash per Share

Parex Resources

 = 
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Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.

Parex Resources

Net Income

 = 

(Rev + Gain)

-

(Exp + Loss)

 = 
459.31 M
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.

Parex Net Income Comparison

Parex Resources is currently under evaluation in net income category among related companies.

Use Parex Resources in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Parex Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Parex Resources will appreciate offsetting losses from the drop in the long position's value.

Parex Resources Pair Trading

Parex Resources Pair Trading Analysis

The ability to find closely correlated positions to Parex Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Parex Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Parex Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Parex Resources to buy it.
The correlation of Parex Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Parex Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Parex Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Parex Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Parex Resources position

In addition to having Parex Resources in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Airlines Thematic Idea Now

Airlines
Airlines Theme
Domestic and international airlines and airline services. The Airlines theme has 38 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Airlines Theme or any other thematic opportunities.
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You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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To fully project Parex Resources' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Parex Resources at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Parex Resources' income statement, its balance sheet, and the statement of cash flows.
Potential Parex Resources investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Parex Resources investors may work on each financial statement separately, they are all related. The changes in Parex Resources's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Parex Resources's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.