Paramount Enterprise Value Multiple from 2010 to 2026
| POU Stock | CAD 25.43 0.01 0.04% |
Enterprise Value Multiple | First Reported 2010-12-31 | Previous Quarter 4.97 | Current Value 5.22 | Quarterly Volatility 149.61400273 |
Check Paramount Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Paramount Resources' main balance sheet or income statement drivers, such as Depreciation And Amortization of 570.3 M, Interest Expense of 8.5 M or Selling General Administrative of 60.1 M, as well as many indicators such as Price To Sales Ratio of 5.05, Dividend Yield of 0.0505 or PTB Ratio of 2.31. Paramount financial statements analysis is a perfect complement when working with Paramount Resources Valuation or Volatility modules.
Paramount | Enterprise Value Multiple |
Latest Paramount Resources' Enterprise Value Multiple Growth Pattern
Below is the plot of the Enterprise Value Multiple of Paramount Resources over the last few years. It is Paramount Resources' Enterprise Value Multiple historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Paramount Resources' overall financial position and show how it may be relating to other accounts over time.
| Enterprise Value Multiple | 10 Years Trend |
|
Enterprise Value Multiple |
| Timeline |
Paramount Enterprise Value Multiple Regression Statistics
| Arithmetic Mean | 46.19 | |
| Coefficient Of Variation | 323.92 | |
| Mean Deviation | 68.07 | |
| Median | 5.22 | |
| Standard Deviation | 149.61 | |
| Sample Variance | 22,384 | |
| Range | 638 | |
| R-Value | (0.05) | |
| Mean Square Error | 23,819 | |
| R-Squared | 0 | |
| Significance | 0.85 | |
| Slope | (1.45) | |
| Total Sum of Squares | 358,150 |
Paramount Enterprise Value Multiple History
About Paramount Resources Financial Statements
Paramount Resources investors utilize fundamental indicators, such as Enterprise Value Multiple, to predict how Paramount Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Enterprise Value Multiple | 4.97 | 5.22 |
Pair Trading with Paramount Resources
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 Paramount 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 Paramount Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Paramount Stock
Moving against Paramount Stock
| 0.53 | DND | Dye Durham | PairCorr |
| 0.45 | SAGE | Sage Potash Corp | PairCorr |
| 0.34 | GSTM | Goldstorm Metals Corp | PairCorr |
| 0.31 | CU-PJ | Canadian Utilities | PairCorr |
The ability to find closely correlated positions to Paramount 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 Paramount 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 Paramount 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 Paramount Resources to buy it.
The correlation of Paramount 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 Paramount Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Paramount 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 Paramount 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.Other Information on Investing in Paramount Stock
Paramount Resources financial ratios help investors to determine whether Paramount Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Paramount with respect to the benefits of owning Paramount Resources security.