Financial data analysis helps to confirm if markets are presently mispricing Paramount Resources. We are able to break down and analyze data for thirty-nine available financial ratios for Paramount Resources, which can be compared to its competitors. The stock experiences a large bullish trend. Check odds of Paramount Resources to be traded at C$34.29 in 90 days. Key indicators impacting Paramount Resources' financial strength include:
Understanding current and past Paramount Resources Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Paramount Resources' financial statements are interrelated, with each one affecting the others. For example, an increase in Paramount Resources' assets may result in an increase in income on the income statement.
Paramount Resources competes with Doman Building, NeXGold Mining, Cogeco Communications, Capstone Mining, and Falcon Energy. 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 Canada and is traded on Toronto Stock Exchange. It employs 559 people.
You should never invest in Paramount Resources without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Paramount Stock, because this is throwing your money away. Analyzing the key information contained in Paramount Resources' financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Paramount Resources Key Financial Ratios
Paramount Resources' financial ratios allow both analysts and investors to convert raw data from Paramount Resources' financial statements into concise, actionable information that can be used to evaluate the performance of Paramount Resources over time and compare it to other companies across industries.
Comparative valuation techniques use various fundamental indicators to help in determining Paramount Resources's current stock value. Our valuation model uses many indicators to compare Paramount Resources value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Paramount Resources competition to find correlations between indicators driving Paramount Resources's intrinsic value. More Info.
Paramount Resources is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers reporting about 0.56 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Paramount Resources is roughly 1.78 . At this time, Paramount Resources' Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Paramount Resources by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Paramount Resources' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.
Paramount Resources Systematic Risk
Paramount Resources' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Paramount Resources volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on Paramount Resources correlated with the market. If Beta is less than 0 Paramount Resources generally moves in the opposite direction as compared to the market. If Paramount Resources Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Paramount Resources is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Paramount Resources is generally in the same direction as the market. If Beta > 1 Paramount Resources moves generally in the same direction as, but more than the movement of the benchmark.
Paramount Resources Total Assets Over Time
Today, most investors in Paramount Resources Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Paramount Resources' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Paramount Resources growth as a starting point in their analysis.
Paramount Resources November 22, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Paramount Resources help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Paramount Resources. We use our internally-developed statistical techniques to arrive at the intrinsic value of Paramount Resources based on widely used predictive technical indicators. In general, we focus on analyzing Paramount 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.
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.