Paramount Resources Stock Market Value
| PRMRF Stock | USD 20.28 0.29 1.41% |
| Symbol | Paramount |
Paramount Resources '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 Paramount Resources' pink sheet 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 Paramount Resources.
| 02/05/2023 |
| 01/25/2025 |
If you would invest 0.00 in Paramount Resources on February 5, 2023 and sell it all today you would earn a total of 0.00 from holding Paramount Resources or generate 0.0% return on investment in Paramount Resources over 720 days. Paramount Resources is related to or competes with Gear Energy, Birchcliff Energy, Canacol Energy, Cardinal Energy, Headwater Exploration, and Freehold Royalties. Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crud... More
Paramount Resources 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 Paramount Resources' pink sheet 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 Paramount Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.4 | |||
| Information Ratio | 0.0508 | |||
| Maximum Drawdown | 17.43 | |||
| Value At Risk | (2.31) | |||
| Potential Upside | 3.8 |
Paramount Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paramount Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paramount Resources' standard deviation. In reality, there are many statistical measures that can use Paramount Resources historical prices to predict the future Paramount Resources' volatility.| Risk Adjusted Performance | 0.0686 | |||
| Jensen Alpha | 0.1622 | |||
| Total Risk Alpha | 0.0384 | |||
| Sortino Ratio | 0.0888 | |||
| Treynor Ratio | 1.09 |
Paramount Resources Backtested Returns
At this point, Paramount Resources is not too volatile. Paramount Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.0585, which implies the firm had a 0.0585 % 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 check Paramount Resources' Risk Adjusted Performance of 0.0686, coefficient of variation of 1362.0, and Semi Deviation of 1.2 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. Paramount Resources has a performance score of 4 on a scale of 0 to 100. The company holds a Beta of 0.15, which implies not very significant fluctuations relative to the market. As returns on the market increase, Paramount Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Paramount Resources is expected to be smaller as well. Paramount Resources right now holds a risk of 2.43%. Please check Paramount Resources potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Paramount Resources will be following its historical price patterns.
Auto-correlation | -0.39 |
Poor reverse predictability
Paramount Resources has poor reverse predictability. Overlapping area represents the amount of predictability between Paramount Resources time series from 5th of February 2023 to 31st of January 2024 and 31st of January 2024 to 25th of January 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 Paramount Resources price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Paramount Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 2.09 |
Paramount Resources lagged returns against current returns
Autocorrelation, which is Paramount Resources pink sheet'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 Paramount Resources' pink sheet expected returns. We can calculate the autocorrelation of Paramount Resources returns to help us make a trade decision. For example, suppose you find that Paramount Resources has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Paramount Resources 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 Paramount Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paramount Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paramount Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Paramount Resources Lagged Returns
When evaluating Paramount Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paramount Resources pink sheet have on its future price. Paramount Resources 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, Paramount Resources autocorrelation shows the relationship between Paramount Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Paramount Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Paramount Pink Sheet
Paramount Resources financial ratios help investors to determine whether Paramount Pink Sheet 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.