Parex Resources Stock Price on February 12, 2024

PXT Stock  CAD 13.57  0.18  1.31%   
Below is the normalized historical share price chart for Parex Resources extending back to November 12, 2009. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Parex Resources stands at 13.57, as last reported on the 17th of December 2024, with the highest price reaching 13.79 and the lowest price hitting 13.36 during the day.
200 Day MA
18.4299
50 Day MA
13.914
Beta
1.413
 
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Covid
If you're considering investing in Parex Stock, it is important to understand the factors that can impact its price. Parex Resources appears to be not too volatile, given 3 months investment horizon. Parex Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Parex Resources, which you can use to evaluate the volatility of the company. Please evaluate Parex Resources' Semi Deviation of 1.9, coefficient of variation of 811.48, and Risk Adjusted Performance of 0.0956 to confirm if our risk estimates are consistent with your expectations.
  
At this time, Parex Resources' Total Stockholder Equity is very stable compared to the past year. As of the 17th of December 2024, Common Stock Shares Outstanding is likely to grow to about 129.4 M, while Liabilities And Stockholders Equity is likely to drop about 1.3 B. . At this time, Parex Resources' Price Fair Value is very stable compared to the past year. Parex Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1144

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Estimated Market Risk

 2.17
  actual daily
19
81% of assets are more volatile

Expected Return

 0.25
  actual daily
4
96% of assets have higher returns

Risk-Adjusted Return

 0.11
  actual daily
9
91% of assets perform better
Based on monthly moving average Parex Resources is performing at about 9% 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.
Price Book
0.487
Enterprise Value Ebitda
1.2746
Price Sales
1.1637
Shares Float
97.6 M
Dividend Share
1.152

Parex Resources Valuation on February 12, 2024

It is possible to determine the worth of Parex Resources on a given historical date. On February 12, 2024 Parex was worth 20.03 at the beginning of the trading date compared to the closed value of 20.06. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Parex Resources stock. 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
  19.91    20.12    19.91    20.07    377,800  
02/12/2024
  20.03    20.13    19.98    20.06    369,500  
  19.97    20.02    18.41    18.59    1,266,000  
Backtest Parex Resources  |  Parex Resources History  |  Parex Resources Valuation   PreviousNext  
Open Value
20.03
20.06
Closing Value
26.53
Upside

Parex Resources Trading Date Momentum on February 12, 2024

On February 13 2024 Parex Resources was traded for  18.59  at the closing time. The maximum traded price for the trading interval was 20.02  and the lowest daily price was  18.41 . The daily volume was recorded at 1.3 M. The volume of trading on 13th of February 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 7.33% . The trading delta at closing time to the closing price today is 2.84% .

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 Stock 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
Last ReportedProjected for Next Year
Common Stock Shares Outstanding106.3 M129.4 M
Net Income Applicable To Common Shares703.1 M738.2 M

Parex Resources Stock Technical Analysis

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.
A focus of Parex Resources technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Parex Resources trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Parex Resources Period Price Range

Low
December 17, 2024
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High

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Parex Resources cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto 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 17, 2024 Market Strength

Market strength indicators help investors to evaluate how Parex Resources stock 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 stock 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 Stock 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.

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.