Parex Resources Stock Price on December 5, 2024
PARXF Stock | USD 9.35 0.79 7.79% |
If you're considering investing in Parex Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Parex Resources stands at 9.35, as last reported on the 11th of December 2024, with the highest price reaching 10.01 and the lowest price hitting 9.32 during the day. At this point, Parex Resources is not too volatile. Parex Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.0507, which implies the firm had a 0.0507% return per unit of risk over the last 3 months. We have found thirty technical indicators for Parex Resources, which you can use to evaluate the volatility of the company. Please check Parex Resources' Risk Adjusted Performance of 0.0471, semi deviation of 2.04, and Coefficient Of Variation of 1788.16 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%.
Parex Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Parex |
Sharpe Ratio = 0.0507
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Estimated Market Risk
2.27 actual daily | 20 80% of assets are more volatile |
Expected Return
0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average Parex Resources is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Parex Resources by adding it to a well-diversified portfolio.
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Parex Resources Valuation on December 5, 2024
It is possible to determine the worth of Parex Resources on a given historical date. On December 5, 2024 Parex was worth 10.81 at the beginning of the trading date compared to the closed value of 10.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Parex Resources pink sheet. Still, in general, we apply an absolute valuation method to find Parex Resources' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Parex Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Parex Resources' related companies.
Open | High | Low | Close | Volume | |
11.00 | 11.00 | 10.52 | 10.62 | 2,519 | |
12/05/2024 | 10.81 | 10.90 | 10.80 | 10.90 | 1,400 |
10.74 | 10.74 | 10.52 | 10.53 | 12,300 |
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Parex Resources Trading Date Momentum on December 5, 2024
On December 06 2024 Parex Resources was traded for 10.53 at the closing time. The highest daily price throughout the period was 10.74 and the lowest price was 10.52 . The daily volume was 12.3 K. The net trading volume on 12/06/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 3.39% . The trading delta at closing time to current closing price is 8.17% . |
Parex Resources Fundamentals Correlations and Trends
By evaluating Parex Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Parex Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Parex financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Parex Resources Pink Sheet history
Parex Resources investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Parex is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Parex Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Parex Resources stock prices may prove useful in developing a viable investing in Parex Resources
Parex Resources Inc. engages in the exploration, development, production of oil and natural gas in Colombia. The company was incorporated in 2009 and is headquartered in Calgary, Canada. Parex Resources operates under Oil Gas EP classification in the United States and is traded on OTC Exchange. It employs 371 people.
Parex Resources Pink Sheet Technical Analysis
Parex Resources technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Parex Resources Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Parex Resources cannot be verified against its exchange. Please verify the symbol is currently traded on PINK Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Parex Resources December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Parex Resources pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Parex Resources shares will generate the highest return on investment. By undertsting and applying Parex Resources pink sheet market strength indicators, traders can identify Parex Resources entry and exit signals to maximize returns
Parex Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Parex Resources' price direction in advance. Along with the technical and fundamental analysis of Parex Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Parex to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | 0.0471 | |||
Jensen Alpha | 0.0845 | |||
Total Risk Alpha | (0.23) | |||
Sortino Ratio | (0) | |||
Treynor Ratio | 0.4818 |
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Volume Indicators |
Complementary Tools for Parex Pink Sheet analysis
When running Parex Resources' price analysis, check to measure Parex Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Parex Resources is operating at the current time. Most of Parex Resources' value examination focuses on studying past and present price action to predict the probability of Parex Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Parex Resources' price. Additionally, you may evaluate how the addition of Parex Resources to your portfolios can decrease your overall portfolio volatility.
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