You can utilize fundamental analysis to find out if Parex Resources is mispriced or if you can make any profits on it by purchasing it and then waiting for the market to recognize its mistake and reprise the security. We were able to interpolate and analyze data for thirty-nine available financial ratios for Parex Resources, which can be compared to its competitors. The stock experiences a large bullish trend. Check odds of Parex Resources to be traded at C$15.03 in 90 days. Key indicators impacting Parex Resources' financial strength include:
Parex Resources competes with Tourmaline Oil, PrairieSky Royalty, ARC Resources, and MEG Energy. 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 Canada and is traded on Toronto Stock Exchange. It employs 371 people.
You should never invest in Parex Resources without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Parex Stock, because this is throwing your money away. Analyzing the key information contained in Parex Resources' financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Parex Resources Key Financial Ratios
Parex Resources' financial ratios allow both analysts and investors to convert raw data from Parex Resources' financial statements into concise, actionable information that can be used to evaluate the performance of Parex Resources over time and compare it to other companies across industries.
Comparative valuation techniques use various fundamental indicators to help in determining Parex Resources's current stock value. Our valuation model uses many indicators to compare Parex Resources value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Parex Resources competition to find correlations between indicators driving Parex Resources's intrinsic value. More Info.
Parex Resources is regarded fifth in return on equity category among its peers. It is considered to be number one stock in return on asset category among its peers reporting about 3.45 of Return On Asset per Return On Equity. At this time, Parex Resources' Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Parex Resources by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Parex Resources' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.
Parex Resources Systematic Risk
Parex Resources' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Parex Resources volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Parex Resources correlated with the market. If Beta is less than 0 Parex Resources generally moves in the opposite direction as compared to the market. If Parex Resources Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Parex Resources is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Parex Resources is generally in the same direction as the market. If Beta > 1 Parex Resources moves generally in the same direction as, but more than the movement of the benchmark.
Parex Resources Total Assets Over Time
Today, most investors in Parex Resources Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Parex Resources' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Parex Resources growth as a starting point in their analysis.
Along with financial statement analysis, the daily predictive indicators of Parex Resources help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Parex Resources. We use our internally-developed statistical techniques to arrive at the intrinsic value of Parex Resources based on widely used predictive technical indicators. In general, we focus on analyzing Parex Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Parex Resources's daily price indicators and compare them against related drivers.
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.