Paramount Resources Stock Statistic Functions Beta

POU Stock  CAD 31.12  0.37  1.17%   
Paramount Resources statistic functions tool provides the execution environment for running the Beta function and other technical functions against Paramount Resources. Paramount Resources value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Beta function function is designed to identify and follow existing trends. Paramount Resources statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on Paramount Resources correlated with the market. If Beta is less than 0 Paramount Resources generally moves in the opposite direction as compared to the market. If Paramount Resources Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Paramount Resources is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Paramount Resources is generally in the same direction as the market. If Beta > 1 Paramount Resources moves generally in the same direction as, but more than the movement of the benchmark.

Paramount Resources Technical Analysis Modules

Most technical analysis of Paramount Resources help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Paramount from various momentum indicators to cycle indicators. When you analyze Paramount charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Paramount Resources Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Paramount Resources. We use our internally-developed statistical techniques to arrive at the intrinsic value of Paramount Resources based on widely used predictive technical indicators. In general, we focus on analyzing Paramount Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Paramount Resources's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Paramount Resources's intrinsic value. In addition to deriving basic predictive indicators for Paramount Resources, we also check how macroeconomic factors affect Paramount Resources price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2022 2023 2024 (projected)
Dividend Yield0.03980.09580.1
Price To Sales Ratio1.62.061.96
Hype
Prediction
LowEstimatedHigh
28.9431.4533.96
Details
Intrinsic
Valuation
LowRealHigh
22.4925.0034.64
Details
Naive
Forecast
LowNextHigh
30.2832.7935.29
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.000.000.00
Details

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Paramount Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Paramount Resources' short interest history, or implied volatility extrapolated from Paramount Resources options trading.

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Other Information on Investing in Paramount Stock

Paramount Resources financial ratios help investors to determine whether Paramount Stock 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.