Permian Resources' market value is the price at which a share of Permian Resources trades on a public exchange. It measures the collective expectations of Permian Resources investors about its performance. Permian Resources is trading at 14.10 as of the 7th of February 2025. This is a 0.7% down since the beginning of the trading day. The stock's lowest day price was 14.1. With this module, you can estimate the performance of a buy and hold strategy of Permian Resources and determine expected loss or profit from investing in Permian Resources over a given investment horizon. Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Permian
Permian 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 Permian Resources' 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 Permian Resources.
0.00
02/18/2023
No Change 0.00
0.0
In 1 year 11 months and 21 days
02/07/2025
0.00
If you would invest 0.00 in Permian Resources on February 18, 2023 and sell it all today you would earn a total of 0.00 from holding Permian Resources or generate 0.0% return on investment in Permian Resources over 720 days.
Permian 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 Permian Resources' 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 Permian Resources upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Permian Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Permian Resources' standard deviation. In reality, there are many statistical measures that can use Permian Resources historical prices to predict the future Permian Resources' volatility.
Permian Resources appears to be not too volatile, given 3 months investment horizon. Permian Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16 % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Permian Resources, which you can use to evaluate the volatility of the company. Please evaluate Permian Resources' Risk Adjusted Performance of 0.1664, coefficient of variation of 518.4, and Variance of 4.92 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Permian Resources holds a performance score of 12. The company holds a Beta of -0.0578, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Permian Resources are expected to decrease at a much lower rate. During the bear market, Permian Resources is likely to outperform the market. Please check Permian Resources' potential upside, kurtosis, rate of daily change, as well as the relationship between the skewness and daily balance of power , to make a quick decision on whether Permian Resources' historical price patterns will revert.
Auto-correlation
-0.71
Almost perfect reverse predictability
Permian Resources has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Permian Resources 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 Permian Resources price movement. The serial correlation of -0.71 indicates that around 71.0% of current Permian Resources price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.71
Spearman Rank Test
-0.36
Residual Average
0.0
Price Variance
1.36
Permian Resources lagged returns against current returns
Autocorrelation, which is Permian Resources 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 Permian Resources' stock expected returns. We can calculate the autocorrelation of Permian Resources returns to help us make a trade decision. For example, suppose you find that Permian Resources 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
Permian 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 Permian Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Permian Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Permian Resources stock over time.
Current vs Lagged Prices
Timeline
Permian Resources Lagged Returns
When evaluating Permian Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Permian Resources stock have on its future price. Permian 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, Permian Resources autocorrelation shows the relationship between Permian Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Permian Resources.