Parex Resources Stock Probability of Future Stock Price Finishing Under 11.80
| PXT Stock | CAD 15.24 0.21 1.40% |
Parex |
Parex Resources Target Price Odds to finish below 11.80
The tendency of Parex Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to C$ 11.80 or more in 90 days |
| 15.24 | 90 days | 11.80 | about 12.15 |
Based on a normal probability distribution, the odds of Parex Resources to drop to C$ 11.80 or more in 90 days from now is about 12.15 (This Parex Resources probability density function shows the probability of Parex Stock to fall within a particular range of prices over 90 days) . Probability of Parex Resources price to stay between C$ 11.80 and its current price of C$15.24 at the end of the 90-day period is about 77.98 .
Assuming the 90 days trading horizon Parex Resources has a beta of -0.0942 indicating as returns on the benchmark increase, returns on holding Parex Resources are expected to decrease at a much lower rate. During a bear market, however, Parex Resources is likely to outperform the market. Additionally Parex Resources has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Parex Resources Price Density |
| Price |
Predictive Modules for Parex Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Parex Resources. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Parex Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Parex Resources is not an exception. The market had few large corrections towards the Parex Resources' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Parex Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Parex Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.09 | |
β | Beta against Dow Jones | -0.09 | |
σ | Overall volatility | 1.40 | |
Ir | Information ratio | -0.06 |
Parex Resources Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Parex Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Parex Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Parex Resources generated a negative expected return over the last 90 days | |
| Parex Resources has high historical volatility and very poor performance | |
| Parex Resources is unlikely to experience financial distress in the next 2 years | |
| About 56.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: BMO Capital Markets Issues Positive Forecast for Parex Resources Stock Price - MarketBeat |
Parex Resources Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Parex Stock often depends not only on the future outlook of the current and potential Parex Resources' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Parex Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 106.3 M | |
| Cash And Short Term Investments | 140.4 M |
Parex Resources Technical Analysis
Parex Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Parex Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Parex Resources. In general, you should focus on analyzing Parex Stock price patterns and their correlations with different microeconomic environments and drivers.
Parex Resources Predictive Forecast Models
Parex Resources' time-series forecasting models is one of many Parex Resources' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Parex Resources' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Parex Resources
Checking the ongoing alerts about Parex Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Parex Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Parex Resources generated a negative expected return over the last 90 days | |
| Parex Resources has high historical volatility and very poor performance | |
| Parex Resources is unlikely to experience financial distress in the next 2 years | |
| About 56.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: BMO Capital Markets Issues Positive Forecast for Parex Resources Stock Price - MarketBeat |
Other Information on Investing in Parex Stock
Parex Resources financial ratios help investors to determine whether Parex 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 Parex with respect to the benefits of owning Parex Resources security.