Parex Resources Stock Price on September 18, 2024
| PXT Stock | CAD 14.91 0.15 1.02% |
Below is the normalized historical share price chart for Parex Resources extending back to November 12, 2009. 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 Parex Resources stands at 14.91, as last reported on the 27th of November, with the highest price reaching 15.10 and the lowest price hitting 14.78 during the day.
If you're considering investing in Parex Stock, it is important to understand the factors that can impact its price. Parex Resources appears to be not too volatile, given 3 months investment horizon. Parex 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-three technical indicators for Parex Resources, which you can use to evaluate the volatility of the company. Please evaluate Parex Resources' Variance of 12.83, risk adjusted performance of (0.02), and Coefficient Of Variation of (2,868) to confirm if our risk estimates are consistent with your expectations.
At this time, Parex Resources' Total Stockholder Equity is very stable compared to the past year. As of the 27th of November 2024, Common Stock Shares Outstanding is likely to grow to about 129.4 M, while Liabilities And Stockholders Equity is likely to drop about 1.3 B. . At this time, Parex Resources' Price Fair Value is very stable compared to the past year. Parex Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 18.9027 | 50 Day MA 13.2178 | Beta 1.413 |
Parex |
Sharpe Ratio = 0.1272
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Estimated Market Risk
| 2.08 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.27 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Parex 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 Parex Resources by adding it to a well-diversified portfolio.
Price Book 0.5345 | Enterprise Value Ebitda 1.4156 | Price Sales 1.2658 | Shares Float 97.6 M | Dividend Share 1.152 |
Parex Resources Valuation on September 18, 2024
It is possible to determine the worth of Parex Resources on a given historical date. On September 18, 2024 Parex was worth 12.23 at the beginning of the trading date compared to the closed value of 12.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Parex Resources stock. Still, in general, we apply an absolute valuation method to find Parex 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 Parex Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Parex Resources' related companies.
| Open | High | Low | Close | Volume | |
| 12.26 | 12.36 | 12.11 | 12.27 | 1,976,813 | |
09/18/2024 | 12.23 | 12.29 | 12.08 | 12.10 | 1,052,145 |
| 12.21 | 12.23 | 11.93 | 12.12 | 928,834 |
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Parex Resources Trading Date Momentum on September 18, 2024
| On September 19 2024 Parex Resources was traded for 12.12 at the closing time. The maximum traded price for the trading interval was 12.23 and the lowest daily price was 11.93 . The daily volume was recorded at 928.8 K. The volume of trading on 19th of September 2024 played a part in the next trading day price boost. The trading delta at closing time to the next closing price was 0.17% . The trading delta at closing time to the closing price today is 1.57% . |
Parex Resources Fundamentals Correlations and Trends
By evaluating Parex 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 Parex Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Parex financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Parex Resources Stock history
Parex 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 Parex is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Parex 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 Parex Resources stock prices may prove useful in developing a viable investing in Parex Resources
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 106.3 M | 129.4 M | |
| Net Income Applicable To Common Shares | 703.1 M | 738.2 M |
Parex Resources Stock Technical Analysis
Parex 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
Parex Resources Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Parex 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.
Parex Resources November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Parex 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 Parex Resources shares will generate the highest return on investment. By undertsting and applying Parex Resources stock market strength indicators, traders can identify Parex Resources entry and exit signals to maximize returns
Parex Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Parex Resources' price direction in advance. Along with the technical and fundamental analysis of Parex Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Parex 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 | (0.02) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | 1.05 |
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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.