Permian Resources Stock Market Value
| PR Stock | USD 17.18 0.01 0.06% |
| Symbol | Permian |
Permian Resources Price To Book Ratio
Is Permian Resources' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Permian Resources. If investors know Permian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Permian Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.03 | Dividend Share 0.37 | Earnings Share 1.24 | Revenue Per Share 8.937 | Quarterly Revenue Growth 0.474 |
The market value of Permian Resources is measured differently than its book value, which is the value of Permian that is recorded on the company's balance sheet. Investors also form their own opinion of Permian Resources' value that differs from its market value or its book value, called intrinsic value, which is Permian Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Permian Resources' market value can be influenced by many factors that don't directly affect Permian Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Permian Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Permian Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Permian 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.
Permian Resources 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Permian Resources' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Permian Resources.
| 02/23/2024 |
| 04/23/2024 |
If you would invest 0.00 in Permian Resources on February 23, 2024 and sell it all today you would earn a total of 0.00 from holding Permian Resources or generate 0.0% return on investment in Permian Resources over 60 days. Permian Resources is related to or competes with Pioneer Natural, Devon Energy, EOG Resources, Coterra Energy, Range Resources, Southwestern Energy, and EQT. Permian Resources Corporation, an independent oil and natural gas company, focuses on the development of crude oil and r... More
Permian Resources Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Permian Resources' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Permian Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.37 | |||
| Information Ratio | 0.224 | |||
| Maximum Drawdown | 7.15 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 3.12 |
Permian Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Permian Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Permian Resources' standard deviation. In reality, there are many statistical measures that can use Permian Resources historical prices to predict the future Permian Resources' volatility.| Risk Adjusted Performance | 0.1809 | |||
| Jensen Alpha | 0.3219 | |||
| Total Risk Alpha | 0.2201 | |||
| Sortino Ratio | 0.2425 | |||
| Treynor Ratio | 0.3677 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Permian Resources' 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.
Permian Resources Backtested Returns
Permian Resources appears to be very steady, given 3 months investment horizon. Permian Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.29, which implies the firm had a 0.29% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Permian Resources, which you can use to evaluate the volatility of the company. Please evaluate Permian Resources' Risk Adjusted Performance of 0.1809, coefficient of variation of 351.65, and Semi Deviation of 0.9294 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Permian Resources holds a performance score of 22. The company holds a Beta of 1.12, which implies a somewhat significant risk relative to the market. Permian Resources returns are very sensitive to returns on the market. As the market goes up or down, Permian Resources is expected to follow. Please check Permian Resources' total risk alpha, downside variance, as well as the relationship between the Downside Variance and daily balance of power , to make a quick decision on whether Permian Resources' historical price patterns will revert.
Auto-correlation | -0.29 |
Weak reverse predictability
Permian Resources has weak reverse predictability. Overlapping area represents the amount of predictability between Permian Resources time series from 23rd of February 2024 to 24th of March 2024 and 24th of March 2024 to 23rd of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Permian Resources price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Permian Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Permian Resources lagged returns against current returns
Autocorrelation, which is Permian Resources stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Permian Resources' stock expected returns. We can calculate the autocorrelation of Permian Resources returns to help us make a trade decision. For example, suppose you find that Permian Resources has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Permian Resources regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Permian Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Permian Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Permian Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Permian Resources Lagged Returns
When evaluating Permian Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Permian Resources stock have on its future price. Permian Resources autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Permian Resources autocorrelation shows the relationship between Permian Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Permian Resources.
Regressed Prices |
| Timeline |
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Check out Permian Resources Correlation, Permian Resources Volatility and Permian Resources Alpha and Beta module to complement your research on Permian Resources. To learn how to invest in Permian Stock, please use our How to Invest in Permian Resources guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Permian Stock analysis
When running Permian Resources' price analysis, check to measure Permian 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 Permian Resources is operating at the current time. Most of Permian Resources' value examination focuses on studying past and present price action to predict the probability of Permian Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Permian Resources' price. Additionally, you may evaluate how the addition of Permian Resources to your portfolios can decrease your overall portfolio volatility.
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Permian Resources technical stock 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, stock market cycles, or different charting patterns.