Parex Resources Stock Technical Analysis
| PARXF Stock | USD 10.79 0.18 1.70% |
As of the 2nd of December, Parex Resources holds the Risk Adjusted Performance of (0.02), coefficient of variation of (2,556), and Variance of 12.88. 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. Please check Parex Resources risk adjusted performance, variance, as well as the relationship between the Variance and potential upside to decide if Parex Resources is priced some-what accurately, providing market reflects its current price of 10.79 per share. Given that Parex Resources has information ratio of (0.08), we recommend you to check out Parex Resources's recent market performance to make sure the company can sustain itself at a future point.
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 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.
Parex Resources Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. 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 0.03 , which means Parex Resources will continue generating value for investors. It has 122 observation points and a regression sum of squares at 34.15, 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.
Parex Resources December 2, 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 | (0.97) | |||
| Mean Deviation | 1.97 | |||
| Coefficient Of Variation | (2,556) | |||
| Standard Deviation | 3.59 | |||
| Variance | 12.88 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | (0.98) | |||
| Maximum Drawdown | 23.61 | |||
| Value At Risk | (3.24) | |||
| Potential Upside | 3.58 | |||
| Skewness | (4.33) | |||
| Kurtosis | 28.18 |
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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