Permian Resources is trading at 14.50 as of the 30th of January 2025. This is a 2.11% increase since the beginning of the trading day. The stock's lowest day price was 14.3. Permian Resources has hardly any chance of experiencing financial distress in the next few years and had a ok performance during the last 90 days. The performance scores are derived for the period starting the 31st of December 2024 and ending today, the 30th of January 2025. Click here to learn more.
Although Permian Resources' alpha and beta are two of the key measurements used to evaluate Permian Resources' performance over the market, the standard measures of volatility play an important role as well.
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Permian Resources stock to make a market-neutral strategy. Peer analysis of Permian Resources could also be used in its relative valuation, which is a method of valuing Permian Resources by comparing valuation metrics with similar companies.