Par Pacific (Germany) Market Value
| 61P Stock | EUR 16.30 0.10 0.61% |
| Symbol | Par |
Par Pacific 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Par Pacific's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Par Pacific.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Par Pacific on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Par Pacific Holdings or generate 0.0% return on investment in Par Pacific over 30 days. Par Pacific is related to or competes with Global Ship, G-III Apparel, Lendlease, UNITED RENTALS, AM EAGLE, SENECA FOODS-A, and United Rentals. Par Pacific Holdings, Inc. owns and operates energy and infrastructure businesses More
Par Pacific Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Par Pacific's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Par Pacific Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 14.39 | |||
| Value At Risk | (6.18) | |||
| Potential Upside | 4.03 |
Par Pacific Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Par Pacific's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Par Pacific's standard deviation. In reality, there are many statistical measures that can use Par Pacific historical prices to predict the future Par Pacific's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | (0.26) |
Par Pacific Holdings Backtested Returns
Par Pacific Holdings maintains Sharpe Ratio (i.e., Efficiency) of -0.0801, which implies the firm had a -0.0801% return per unit of risk over the last 3 months. Par Pacific Holdings exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Par Pacific's Coefficient Of Variation of (1,482), variance of 10.02, and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The company holds a Beta of 0.87, which implies possible diversification benefits within a given portfolio. Par Pacific returns are very sensitive to returns on the market. As the market goes up or down, Par Pacific is expected to follow. At this point, Par Pacific Holdings has a negative expected return of -0.25%. Please make sure to check Par Pacific's information ratio, total risk alpha, potential upside, as well as the relationship between the jensen alpha and treynor ratio , to decide if Par Pacific Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.01 |
Virtually no predictability
Par Pacific Holdings has virtually no predictability. Overlapping area represents the amount of predictability between Par Pacific time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Par Pacific Holdings price movement. The serial correlation of 0.01 indicates that just 1.0% of current Par Pacific price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Par Pacific Holdings lagged returns against current returns
Autocorrelation, which is Par Pacific stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Par Pacific's stock expected returns. We can calculate the autocorrelation of Par Pacific returns to help us make a trade decision. For example, suppose you find that Par Pacific has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Par Pacific regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Par Pacific stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Par Pacific stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Par Pacific stock over time.
Current vs Lagged Prices |
| Timeline |
Par Pacific Lagged Returns
When evaluating Par Pacific's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Par Pacific stock have on its future price. Par Pacific autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Par Pacific autocorrelation shows the relationship between Par Pacific stock current value and its past values and can show if there is a momentum factor associated with investing in Par Pacific Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Par Stock
When determining whether Par Pacific Holdings is a strong investment it is important to analyze Par Pacific's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Par Pacific's future performance. For an informed investment choice regarding Par Stock, refer to the following important reports:Check out Par Pacific Correlation, Par Pacific Volatility and Par Pacific Alpha and Beta module to complement your research on Par Pacific. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Par Pacific 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.