Par Price To Free Cash Flows Ratio from 2010 to 2024
| PARR Stock | USD 15.14 0.86 5.37% |
Price To Free Cash Flows Ratio | First Reported 2010-12-31 | Previous Quarter 4.39437559 | Current Value 4.61 | Quarterly Volatility 17.82063809 |
Check Par Pacific financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Par Pacific's main balance sheet or income statement drivers, such as Depreciation And Amortization of 125.8 M, Interest Expense of 76.1 M or Total Revenue of 8.6 B, as well as many indicators such as Price To Sales Ratio of 0.28, Dividend Yield of 0.0016 or PTB Ratio of 1.72. Par financial statements analysis is a perfect complement when working with Par Pacific Valuation or Volatility modules.
Par | Price To Free Cash Flows Ratio |
Latest Par Pacific's Price To Free Cash Flows Ratio Growth Pattern
Below is the plot of the Price To Free Cash Flows Ratio of Par Pacific Holdings over the last few years. It is Par Pacific's Price To Free Cash Flows Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Par Pacific's overall financial position and show how it may be relating to other accounts over time.
| Price To Free Cash Flows Ratio | 10 Years Trend |
|
Price To Free Cash Flows Ratio |
| Timeline |
Par Price To Free Cash Flows Ratio Regression Statistics
| Arithmetic Mean | 1.62 | |
| Geometric Mean | 5.60 | |
| Coefficient Of Variation | 1,102 | |
| Mean Deviation | 12.04 | |
| Median | (0.08) | |
| Standard Deviation | 17.82 | |
| Sample Variance | 317.58 | |
| Range | 70.7116 | |
| R-Value | 0.25 | |
| Mean Square Error | 320.97 | |
| R-Squared | 0.06 | |
| Significance | 0.37 | |
| Slope | 0.99 | |
| Total Sum of Squares | 4,446 |
Par Price To Free Cash Flows Ratio History
About Par Pacific Financial Statements
Par Pacific shareholders use historical fundamental indicators, such as Price To Free Cash Flows Ratio, to determine how well the company is positioned to perform in the future. Although Par Pacific investors may analyze each financial statement separately, they are all interrelated. The changes in Par Pacific's assets and liabilities, for example, are also reflected in the revenues and expenses on on Par Pacific's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Price To Free Cash Flows Ratio | 4.39 | 4.61 |
Pair Trading with Par Pacific
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Par Pacific position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Par Pacific will appreciate offsetting losses from the drop in the long position's value.Moving together with Par Stock
| 0.81 | DINO | HF Sinclair Corp | PairCorr |
| 0.73 | DK | Delek Energy | PairCorr |
| 0.61 | BPT | BP Prudhoe Bay | PairCorr |
| 0.73 | CVI | CVR Energy | PairCorr |
Moving against Par Stock
The ability to find closely correlated positions to Par Pacific could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Par Pacific when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Par Pacific - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Par Pacific Holdings to buy it.
The correlation of Par Pacific is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Par Pacific moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Par Pacific Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Par Pacific can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Par Stock Analysis
When running Par Pacific's price analysis, check to measure Par Pacific's 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 Par Pacific is operating at the current time. Most of Par Pacific's value examination focuses on studying past and present price action to predict the probability of Par Pacific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Par Pacific's price. Additionally, you may evaluate how the addition of Par Pacific to your portfolios can decrease your overall portfolio volatility.