Par Pacific Stock Forecast - Maximum Drawdown
| PARR Stock | USD 16.52 0.10 0.60% |
Par Stock Forecast is based on your current time horizon. Although Par Pacific's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Par Pacific's systematic risk associated with finding meaningful patterns of Par Pacific fundamentals over time.
Par |
Open Interest Against 2024-12-20 Par Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Par Pacific's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Par Pacific's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Par Pacific stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Par Pacific's open interest, investors have to compare it to Par Pacific's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Par Pacific is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Par. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
| Check Par Pacific Volatility | Backtest Par Pacific | Trend Details |
Par Pacific Trading Date Momentum
| On December 03 2024 Par Pacific Holdings was traded for 17.26 at the closing time. The top price for the day was 17.89 and the lowest listed price was 17.25 . The trading volume for the day was 728.1 K. The trading history from December 3, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 2.27% . The trading delta at closing time against the current closing price is 7.25% . |
| Compare Par Pacific to competition |
Other Forecasting Options for Par Pacific
For every potential investor in Par, whether a beginner or expert, Par Pacific's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Par Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Par. Basic forecasting techniques help filter out the noise by identifying Par Pacific's price trends.Par Pacific Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Par Pacific stock to make a market-neutral strategy. Peer analysis of Par Pacific could also be used in its relative valuation, which is a method of valuing Par Pacific by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Par Pacific Holdings Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Par Pacific's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Par Pacific's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Volume Indicators |
Par Pacific Market Strength Events
Market strength indicators help investors to evaluate how Par Pacific stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Par Pacific shares will generate the highest return on investment. By undertsting and applying Par Pacific stock market strength indicators, traders can identify Par Pacific Holdings entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 16.52 | |||
| Day Typical Price | 16.52 | |||
| Price Action Indicator | (0.05) | |||
| Period Momentum Indicator | (0.10) |
Par Pacific Risk Indicators
The analysis of Par Pacific's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Par Pacific's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting par stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.26 | |||
| Standard Deviation | 2.98 | |||
| Variance | 8.86 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Par Pacific
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 Par Pacific 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 Par Pacific will appreciate offsetting losses from the drop in the long position's value.Moving together with Par Stock
| 0.89 | DINO | HF Sinclair Corp | PairCorr |
| 0.72 | DK | Delek Energy | PairCorr |
| 0.61 | BPT | BP Prudhoe Bay | PairCorr |
| 0.72 | CVI | CVR Energy | PairCorr |
Moving against Par Stock
The ability to find closely correlated positions to Par Pacific could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Par Pacific 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 Par Pacific - 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 Par Pacific Holdings to buy it.
The correlation of Par Pacific 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 Par Pacific moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Par Pacific Holdings 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 Par Pacific 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.Additional Tools for Par Stock Analysis
When running Par Pacific's price analysis, check to measure Par Pacific's 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 Par Pacific is operating at the current time. Most of Par Pacific's value examination focuses on studying past and present price action to predict the probability of Par Pacific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Par Pacific's price. Additionally, you may evaluate how the addition of Par Pacific to your portfolios can decrease your overall portfolio volatility.