Parex Resources Stock Technical Analysis
| PXT Stock | CAD 14.76 0.02 0.14% |
As of the 27th of November, Parex Resources holds the Coefficient Of Variation of (2,868), variance of 12.83, and Risk Adjusted Performance of (0.02). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Parex Resources, as well as the relationship between them.
Parex Resources Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Parex, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ParexParex |
Parex Resources technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Parex Resources Technical Analysis
The output start index for this execution was four with a total number of output elements of fifty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Parex Resources volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Parex Resources Trend Analysis
Use this graph to draw trend lines for Parex Resources. You can use it to identify possible trend reversals for Parex Resources as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Parex Resources price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Parex Resources Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Parex Resources applied against its price change over selected period. The best fit line has a slop of 0.05 , which means Parex Resources will continue generating value for investors. It has 122 observation points and a regression sum of squares at 77.71, which is the sum of squared deviations for the predicted Parex Resources price change compared to its average price change.About Parex Resources Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Parex Resources on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Parex Resources based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Parex Resources price pattern first instead of the macroeconomic environment surrounding Parex Resources. By analyzing Parex Resources's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Parex Resources's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Parex Resources specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0447 | 0.0594 | 0.0337 | Price To Sales Ratio | 1.03 | 1.71 | 1.62 |
Parex Resources November 27, 2024 Technical Indicators
Most technical analysis of Parex 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 Parex from various momentum indicators to cycle indicators. When you analyze Parex charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.02) | |||
| Market Risk Adjusted Performance | 1.06 | |||
| Mean Deviation | 1.91 | |||
| Coefficient Of Variation | (2,868) | |||
| Standard Deviation | 3.58 | |||
| Variance | 12.83 | |||
| Information Ratio | (0.07) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | 1.05 | |||
| Maximum Drawdown | 24.77 | |||
| Value At Risk | (3.19) | |||
| Potential Upside | 2.9 | |||
| Skewness | (4.37) | |||
| Kurtosis | 28.72 |
Other Information on Investing in Parex Stock
Parex Resources financial ratios help investors to determine whether Parex 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 Parex with respect to the benefits of owning Parex Resources security.