Permian Resources Stock Technical Analysis
| PR Stock | USD 15.59 0.05 0.32% |
As of the 28th of November, Permian Resources holds the Semi Deviation of 1.99, coefficient of variation of 1487.79, and Risk Adjusted Performance of 0.0576. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Permian Resources, as well as the relationship between them. Please check Permian Resources information ratio and downside variance to decide if Permian Resources is priced some-what accurately, providing market reflects its current price of 15.59 per share. Given that Permian Resources has jensen alpha of 0.0134, we recommend you to check out Permian Resources's recent market performance to make sure the company can sustain itself at a future point.
Permian 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 Permian, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to PermianPermian |
Permian Resources Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 17.36 | Strong Buy | 20 | Odds |
Most Permian analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Permian stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Permian Resources, talking to its executives and customers, or listening to Permian conference calls.
Permian 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.
Permian Resources Technical Analysis
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. 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 Permian Resources volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Permian Resources Trend Analysis
Use this graph to draw trend lines for Permian Resources. You can use it to identify possible trend reversals for Permian 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 Permian Resources price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Permian Resources Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Permian Resources applied against its price change over selected period. The best fit line has a slop of 0.04 , which suggests that Permian Resources will keep on generating value for investors. It has 122 observation points and a regression sum of squares at 47.74, which is the sum of squared deviations for the predicted Permian Resources price change compared to its average price change.About Permian 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 Permian 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 Permian Resources based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Permian Resources price pattern first instead of the macroeconomic environment surrounding Permian Resources. By analyzing Permian 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 Permian 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 Permian Resources specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | Dividend Yield | 0.0299 | 0.0314 | Price To Sales Ratio | 1.52 | 1.45 |
Permian Resources November 28, 2024 Technical Indicators
Most technical analysis of Permian 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 Permian from various momentum indicators to cycle indicators. When you analyze Permian 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 | 0.0576 | |||
| Market Risk Adjusted Performance | 0.1447 | |||
| Mean Deviation | 1.66 | |||
| Semi Deviation | 1.99 | |||
| Downside Deviation | 2.09 | |||
| Coefficient Of Variation | 1487.79 | |||
| Standard Deviation | 2.02 | |||
| Variance | 4.09 | |||
| Information Ratio | 0.0028 | |||
| Jensen Alpha | 0.0134 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0027 | |||
| Treynor Ratio | 0.1347 | |||
| Maximum Drawdown | 8.22 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 2.9 | |||
| Downside Variance | 4.37 | |||
| Semi Variance | 3.96 | |||
| Expected Short fall | (1.80) | |||
| Skewness | (0.31) | |||
| Kurtosis | (0.09) |
Permian Resources November 28, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Permian stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 111,547 | ||
| Daily Balance Of Power | (0.14) | ||
| Rate Of Daily Change | 1.00 | ||
| Day Median Price | 15.74 | ||
| Day Typical Price | 15.69 | ||
| Price Action Indicator | (0.17) |
Additional Tools for Permian Stock Analysis
When running Permian Resources' price analysis, check to measure Permian 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 Permian Resources is operating at the current time. Most of Permian Resources' value examination focuses on studying past and present price action to predict the probability of Permian Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Permian Resources' price. Additionally, you may evaluate how the addition of Permian Resources to your portfolios can decrease your overall portfolio volatility.