Paramount Resources Stock Price on March 6, 2024
| POU Stock | CAD 30.45 0.13 0.43% |
Below is the normalized historical share price chart for Paramount Resources extending back to December 20, 1989. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Paramount Resources stands at 30.45, as last reported on the 11th of December 2024, with the highest price reaching 30.89 and the lowest price hitting 30.42 during the day.
If you're considering investing in Paramount Stock, it is important to understand the factors that can impact its price. Paramount Resources appears to be very steady, given 3 months investment horizon. Paramount Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Paramount Resources, which you can use to evaluate the volatility of the company. Please evaluate Paramount Resources' Risk Adjusted Performance of 0.1014, coefficient of variation of 765.43, and Semi Deviation of 1.21 to confirm if our risk estimates are consistent with your expectations.
At this time, Paramount Resources' Total Stockholder Equity is very stable compared to the past year. As of the 11th of December 2024, Liabilities And Stockholders Equity is likely to grow to about 4.6 B, while Common Stock Shares Outstanding is likely to drop about 94.9 M. . At this time, Paramount Resources' Price Earnings Ratio is very stable compared to the past year. As of the 11th of December 2024, Price To Free Cash Flows Ratio is likely to grow to 30.70, while Price To Sales Ratio is likely to drop 1.96. Paramount Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 29.1242 | 50 Day MA 28.493 | Beta 3.004 |
Paramount |
Sharpe Ratio = 0.1316
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | POU | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.4 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.32 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Paramount Resources is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Paramount Resources by adding it to a well-diversified portfolio.
Price Book 1.2428 | Enterprise Value Ebitda 5.1148 | Price Sales 2.484 | Shares Float 78.9 M | Dividend Share 1.625 |
Paramount Resources Valuation on March 6, 2024
It is possible to determine the worth of Paramount Resources on a given historical date. On March 6, 2024 Paramount was worth 27.73 at the beginning of the trading date compared to the closed value of 26.28. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Paramount Resources stock. Still, in general, we apply an absolute valuation method to find Paramount Resources' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Paramount Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Paramount Resources' related companies.
| Open | High | Low | Close | Volume | |
| 28.85 | 30.16 | 28.85 | 29.99 | 324,801 | |
03/06/2024 | 27.73 | 29.01 | 25.89 | 26.28 | 1,828,278 |
| 25.59 | 26.83 | 25.45 | 26.25 | 552,723 |
| Backtest Paramount Resources | | | Paramount Resources History | | | Paramount Resources Valuation | Previous | Next |
Paramount Resources Trading Date Momentum on March 6, 2024
| On March 07 2024 Paramount Resources was traded for 26.25 at the closing time. The maximum traded price for the trading interval was 26.83 and the lowest daily price was 25.45 . The daily volume was recorded at 552.7 K. The volume of trading on 7th of March 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 0.11% . The trading delta at closing time to the closing price today is 2.97% . |
Paramount Resources Fundamentals Correlations and Trends
By evaluating Paramount Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Paramount Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Paramount financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Paramount Resources Stock history
Paramount Resources investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Paramount is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Paramount Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Paramount Resources stock prices may prove useful in developing a viable investing in Paramount Resources
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 148.3 M | 94.9 M | |
| Net Income Applicable To Common Shares | 782.7 M | 821.8 M |
Paramount Resources Stock Technical Analysis
Paramount 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.
Price Boundaries
Paramount Resources Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Paramount Resources cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Paramount Resources December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Paramount Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Paramount Resources shares will generate the highest return on investment. By undertsting and applying Paramount Resources stock market strength indicators, traders can identify Paramount Resources entry and exit signals to maximize returns
Paramount Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Paramount Resources' price direction in advance. Along with the technical and fundamental analysis of Paramount Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Paramount to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1014 | |||
| Jensen Alpha | 0.314 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.1264 | |||
| Treynor Ratio | (3.50) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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.