Par Pacific Holdings Stock Market Value
| PARR Stock | USD 16.95 0.96 5.36% |
| Symbol | Par |
Par Pacific Holdings Price To Book Ratio
Is Oil & Gas Refining & Marketing space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Par Pacific. If investors know Par will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Par Pacific listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.95) | Earnings Share 5.15 | Revenue Per Share | Quarterly Revenue Growth (0.17) | Return On Assets |
The market value of Par Pacific Holdings is measured differently than its book value, which is the value of Par that is recorded on the company's balance sheet. Investors also form their own opinion of Par Pacific's value that differs from its market value or its book value, called intrinsic value, which is Par Pacific's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Par Pacific's market value can be influenced by many factors that don't directly affect Par Pacific's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Par Pacific's value and its price as these two are different measures arrived at by different means. Investors typically determine if Par Pacific is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Par Pacific's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
| 02/18/2023 |
| 02/07/2025 |
If you would invest 0.00 in Par Pacific on February 18, 2023 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 720 days. Par Pacific is related to or competes with Delek Logistics, CVR Energy, PBF Energy, HF Sinclair, Star Gas, Ultrapar Participacoes, and Delek Energy. 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.
| Downside Deviation | 3.28 | |||
| Information Ratio | 0.0291 | |||
| Maximum Drawdown | 15.96 | |||
| Value At Risk | (4.49) | |||
| Potential Upside | 3.96 |
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 | 0.0597 | |||
| Jensen Alpha | 0.2103 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0253 | |||
| Treynor Ratio | (0.37) |
Par Pacific Holdings Backtested Returns
Currently, Par Pacific Holdings is not too volatile. Par Pacific Holdings maintains Sharpe Ratio (i.e., Efficiency) of 0.0245, which implies the firm had a 0.0245 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Par Pacific Holdings, which you can use to evaluate the volatility of the company. Please check Par Pacific's Coefficient Of Variation of 1579.19, semi deviation of 2.94, and Risk Adjusted Performance of 0.0597 to confirm if the risk estimate we provide is consistent with the expected return of 0.0636%. Par Pacific has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of -0.46, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Par Pacific are expected to decrease at a much lower rate. During the bear market, Par Pacific is likely to outperform the market. Par Pacific Holdings right now holds a risk of 2.59%. Please check Par Pacific Holdings potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Par Pacific Holdings will be following its historical price patterns.
Auto-correlation | -0.68 |
Very good reverse predictability
Par Pacific Holdings has very good reverse predictability. Overlapping area represents the amount of predictability between Par Pacific time series from 18th of February 2023 to 13th of February 2024 and 13th of February 2024 to 7th of February 2025. 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 -0.68 indicates that around 68.0% of current Par Pacific price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 57.03 |
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 |
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
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.