Paramount Story

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PRMRF -- USA Stock  

USD 7.54  0.18  2.33%

As many of us are excited about energy space, it is fair to digest Paramount Resources within current market trends. We are going to address the reasons why we are still confident in anticipation of a recovery. A lot of the trends of the company otc stock price movements has been a demonstration of what is happening in the market overall. The appearance of sound primary indicators of the firm indicates a shorter-term price swing for shareholders of Paramount. Paramount Resources is scheduled to announce its earnings today.
Published over a month ago
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Should you take in Paramount Resources (OTC:PRMRF) based on latest technical indicators?
The company's average rating is Strong Sell from 1 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on Paramount Resources market sentiment investors' perception of the future value of Paramount. Let us look at a few aspects of Paramount technical analysis. The company has Profit Margin (PM) of (56.45) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average.
Using predictive technical analysis, we will analyze different prices and returns patterns and diagnose historical swings to determine the real value of Paramount Resources. In general, we focus on analyzing Paramount Resources stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Paramount Resources's daily price indicators and compare them against related drivers such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Paramount Resources's intrinsic value. In addition to deriving basic predictive indicators for Paramount Resources, we also check how macroeconomic factors affect Paramount Resources price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Paramount Resources' stock price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Paramount Resources in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Paramount Resources. Your research has to be compared to or analyzed against Paramount Resources' peers to derive any actionable benefits. When done correctly, Paramount Resources' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Paramount Resources.

How does Paramount Stands against Peers?

Analyzing Paramount Resources competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to Paramount Resources across multiple sectors and thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be.
Check out Paramount Resources Competition Details

How Paramount utilizes its cash?

To perform a cash flow analysis of Paramount Resources, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Paramount Resources is receiving and how much cash it distributes out in a given period. The Paramount Resources cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.

Closer look at Paramount Resources Semi Variance

Paramount Resources has current Semi Variance of 5.75. Semi-variance provides a good measure of downside volatility for equity or a portfolio. It is similar to variance, but it only looks at periods where the returns are less than the target or average level.

Semi-variance is the square of semi-deviation. Semi-variance is calculated by averaging the deviations of returns that have a result that is less than the mean.

Semi Variance 
 = 
SUM(RET DEV)2 
N(ZERO) 
 = 
5.75
SUM = Summation notation
RET DEV = Actual return deviation over selected period
N(ZERO) = Number of points with returns less than zero
Let's now compare Paramount Resources Semi Variance to its closest peers:
PRMRF
CNQ
EOG
OXY
STOSF
PRMRF5.749397345153372
CNQ4.8
EOG11.67
OXY11.06
STOSF4.37

Paramount technical analysis indicates possible turnaround

The semi deviation is down to 2.4 as of today. Paramount Resources shows above-average downside volatility for the selected time horizon. We advise investors to inspect Paramount Resources further and ensure that all market timing and asset allocation strategies are consistent with the estimation of Paramount Resources future alpha. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Paramount Resources' otc stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Paramount Resources' otc stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Our Takeaway on Paramount Resources Investment

Although many of the other players under the oil & gas e&p industry are still a bit expensive, Paramount Resources may offer a potential longer-term growth to shareholders. To conclude, as of the 3rd of March 2021, our research shows that Paramount Resources is a rather slightly risky investment opportunity with a below average probability of financial unrest in the next two years. From a slightly different view, the entity currently appears to be undervalued. Our primary 30 days buy-or-sell advice on the firm is Strong Hold.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Paramount Resources. Please refer to our Terms of Use for any information regarding our disclosure principles.

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