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Paramount Resources (Paramount Resources) 6-Month Price Index : 0.99 (As of Apr. 27, 2024)


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What is Paramount Resources 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-04-27), Paramount Resources's 6-Month Price Index is 0.99.

Competitive Comparison of Paramount Resources's 6-Month Price Index

For the Oil & Gas E&P subindustry, Paramount Resources's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Paramount Resources  (OTCPK:PRMRF) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index=Current Share Price / Share Price 6-Months Ago

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Paramount Resources  (OTCPK:PRMRF) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

Paramount Resources 6-Month Price Index Related Terms

Thank you for viewing the detailed overview of Paramount Resources's 6-Month Price Index provided by GuruFocus.com. Please click on the following links to see related term pages.

Paramount Resources (Paramount Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Paramount Resources Ltd (OTCPK:PRMRF) » Definitions » 6-Month Price Index
Comparable Companies
TSX:BTE TSX:ATH TSX:PEY TSX:VET TSX:ERF TSX:NVA TSX:PXT TSX:FRU TSX:TVE TSX:IPCO COP HKSE:00883 TSX:CNQ EOG PXD OXY HES MIC:NVTK ASX:WDS FANG
Traded in Other Exchanges
PQ51:Germany POU:Canada
Address
888 - 3rd Street SW, Suite 4700, Calgary, AB, CAN, T2P 5C5
Website
https://www.paramountres.com
Paramount Resources Ltd is a Canadian energy company that explores, develops, produces, and markets natural gas, crude oil, and natural gas liquids. The company takes part in exploration and production in Alberta and British Columbia. Sales for Paramount's products are priced in a multitude of markets that span the United States and Canada. Depending on the product, contracts can have daily, monthly, or long-term agreements. Assets for exploration and production are acquired by way of royalties that are paid to provincial governments and freehold landowners.

Paramount Resources (Paramount Resources) Headlines

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