Parex Resources Stock Performance
| PXT Stock | CAD 13.75 0.22 1.63% |
On a scale of 0 to 100, Parex Resources holds a performance score of 8. The company holds a Beta of -0.0141, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Parex Resources are expected to decrease at a much lower rate. During the bear market, Parex Resources is likely to outperform the market. Please check Parex Resources' expected short fall, and the relationship between the value at risk and daily balance of power , to make a quick decision on whether Parex Resources' historical price patterns will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Parex Resources are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating basic indicators, Parex Resources displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
Forward Dividend Yield 0.112 | Payout Ratio 0.5536 | Last Split Factor 1:10 | Forward Dividend Rate 1.54 | Dividend Date 2024-12-16 |
1 | Parex Resources Reports Q3 Results and Dividend - TipRanks | 11/05/2024 |
2 | Its Time to Buy 1 Canadian Stock That Hasnt Been This Cheap in Years - MSN | 12/05/2024 |
| Begin Period Cash Flow | 419 M |
Parex |
Parex Resources Relative Risk vs. Return Landscape
If you would invest 1,195 in Parex Resources on September 17, 2024 and sell it today you would earn a total of 180.00 from holding Parex Resources or generate 15.06% return on investment over 90 days. Parex Resources is generating 0.2424% of daily returns assuming 2.1521% volatility of returns over the 90 days investment horizon. Simply put, 19% of all stocks have less volatile historical return distribution than Parex Resources, and 96% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Parex Resources Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Parex Resources' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Parex Resources, and traders can use it to determine the average amount a Parex Resources' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1126
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Estimated Market Risk
| 2.15 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.24 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Parex Resources is performing at about 8% 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.
Parex Resources Fundamentals Growth
Parex Stock prices reflect investors' perceptions of the future prospects and financial health of Parex Resources, and Parex Resources fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Parex Stock performance.
| Return On Equity | 0.14 | ||||
| Return On Asset | 0.14 | ||||
| Profit Margin | 0.23 % | ||||
| Operating Margin | 0.45 % | ||||
| Current Valuation | 1.2 B | ||||
| Shares Outstanding | 99.22 M | ||||
| Price To Earning | 21.98 X | ||||
| Price To Book | 0.49 X | ||||
| Price To Sales | 1.18 X | ||||
| Revenue | 1.17 B | ||||
| Gross Profit | 1.11 B | ||||
| EBITDA | 648.66 M | ||||
| Net Income | 459.31 M | ||||
| Cash And Equivalents | 419 M | ||||
| Cash Per Share | 3.50 X | ||||
| Total Debt | 95.74 M | ||||
| Debt To Equity | 0 % | ||||
| Current Ratio | 1.81 X | ||||
| Book Value Per Share | 19.43 X | ||||
| Cash Flow From Operations | 376.47 M | ||||
| Earnings Per Share | 3.61 X | ||||
| Market Capitalization | 1.36 B | ||||
| Total Asset | 2.42 B | ||||
| Retained Earnings | 1.28 B | ||||
| Working Capital | 79.03 M | ||||
| Current Asset | 188.85 M | ||||
| Current Liabilities | 112.14 M | ||||
About Parex Resources Performance
By examining Parex Resources' fundamental ratios, stakeholders can obtain critical insights into Parex Resources' financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Parex Resources is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 5.55 | 5.27 | |
| Return On Tangible Assets | 0.20 | 0.21 | |
| Return On Capital Employed | 0.37 | 0.55 | |
| Return On Assets | 0.19 | 0.20 | |
| Return On Equity | 0.23 | 0.46 |
Things to note about Parex Resources performance evaluation
Checking the ongoing alerts about Parex Resources for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Parex Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Parex Resources is unlikely to experience financial distress in the next 2 years | |
| About 55.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Its Time to Buy 1 Canadian Stock That Hasnt Been This Cheap in Years - MSN |
- Analyzing Parex Resources' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Parex Resources' stock is overvalued or undervalued compared to its peers.
- Examining Parex Resources' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Parex Resources' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Parex Resources' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Parex Resources' stock. These opinions can provide insight into Parex Resources' potential for growth and whether the stock is currently undervalued or overvalued.
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.