Paramount Resources Stock Price on April 16, 2024
| PRMRF Stock | USD 23.41 0.01 0.04% |
If you're considering investing in Paramount Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Paramount Resources stands at 23.41, as last reported on the 4th of May, with the highest price reaching 23.57 and the lowest price hitting 23.07 during the day. Paramount Resources appears to be very steady, given 3 months investment horizon. Paramount Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the firm had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Paramount Resources, which you can use to evaluate the volatility of the company. Please evaluate Paramount Resources' Coefficient Of Variation of 802.62, semi deviation of 2.85, and Risk Adjusted Performance of 0.0875 to confirm if our risk estimates are consistent with your expectations.
Paramount Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Paramount |
Sharpe Ratio = 0.1885
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Estimated Market Risk
| 2.33 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.44 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Paramount Resources is performing at about 14% 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 Paramount Resources by adding it to a well-diversified portfolio.
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Paramount Resources Valuation on April 16, 2024
It is possible to determine the worth of Paramount Resources on a given historical date. On April 16, 2024 Paramount was worth 20.84 at the beginning of the trading date compared to the closed value of 20.94. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Paramount Resources pink sheet. Still, in general, we apply an absolute valuation method to find Paramount 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 Paramount Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Paramount Resources' related companies.
| Open | High | Low | Close | Volume | |
| 21.79 | 21.83 | 21.00 | 21.00 | 19,744 | |
04/16/2024 | 20.84 | 21.05 | 20.69 | 20.94 | 11,719 |
| 20.95 | 21.15 | 20.61 | 20.97 | 17,163 |
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Paramount Resources Trading Date Momentum on April 16, 2024
| On April 17 2024 Paramount Resources was traded for 20.97 at the closing time. The highest daily price throughout the period was 21.15 and the lowest price was 20.61 . The daily volume was 17.2 K. The net trading volume on 04/17/2024 added to the next day price rise. The trading delta at closing time to closing price of the next trading day was 0.14% . The trading delta at closing time to current closing price is 9.03% . |
Paramount Resources Fundamentals Correlations and Trends
By evaluating Paramount 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 Paramount Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Paramount financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Paramount Resources Pink Sheet history
Paramount 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 Paramount is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Paramount 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 Paramount Resources stock prices may prove useful in developing a viable investing in Paramount Resources
Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada. Paramount Resources Ltd. was founded in 1976 and is based in Calgary, Canada. Paramount Resources operates under Oil Gas EP classification in the United States and is traded on OTC Exchange. It employs 475 people.
Paramount Resources Pink Sheet Technical Analysis
Paramount Resources technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Paramount Resources Period Price Range
Low | April 16, 2024
| High |
20.84 | 20.94 |
Paramount Resources May 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Paramount Resources pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Paramount Resources shares will generate the highest return on investment. By undertsting and applying Paramount Resources pink sheet market strength indicators, traders can identify Paramount Resources entry and exit signals to maximize returns
Paramount Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Paramount Resources' price direction in advance. Along with the technical and fundamental analysis of Paramount Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Paramount 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 | 0.0875 | |||
| Jensen Alpha | 0.2386 | |||
| Total Risk Alpha | 0.1195 | |||
| Sortino Ratio | 0.0731 | |||
| Treynor Ratio | 0.2693 |
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| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paramount 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 metropolitan statistical area. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Paramount Pink Sheet analysis
When running Paramount Resources' price analysis, check to measure Paramount 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 Paramount Resources is operating at the current time. Most of Paramount Resources' value examination focuses on studying past and present price action to predict the probability of Paramount Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paramount Resources' price. Additionally, you may evaluate how the addition of Paramount Resources to your portfolios can decrease your overall portfolio volatility.
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