Paramount Return On Tangible Assets from 2010 to 2026
| POU Stock | CAD 26.07 0.60 2.36% |
Return On Tangible Assets | First Reported 2010-12-31 | Previous Quarter 0.0812 | Current Value 0.0853 | Quarterly Volatility 0.1761495 |
Check Paramount Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Paramount Resources' main balance sheet or income statement drivers, such as Depreciation And Amortization of 570.3 M, Interest Expense of 8.5 M or Selling General Administrative of 60.1 M, as well as many indicators such as Price To Sales Ratio of 5.05, Dividend Yield of 0.0505 or PTB Ratio of 2.31. Paramount financial statements analysis is a perfect complement when working with Paramount Resources Valuation or Volatility modules.
Paramount | Return On Tangible Assets |
Evaluating Paramount Resources's Return On Tangible Assets across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Paramount Resources's fundamental strength.
Latest Paramount Resources' Return On Tangible Assets Growth Pattern
Below is the plot of the Return On Tangible Assets of Paramount Resources over the last few years. It is a profitability metric that measures a company's ability to generate earnings from its tangible assets. Paramount Resources' Return On Tangible Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Paramount Resources' overall financial position and show how it may be relating to other accounts over time.
| Return On Tangible Assets | 10 Years Trend |
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Return On Tangible Assets |
| Timeline |
Paramount Return On Tangible Assets Regression Statistics
| Arithmetic Mean | 0.03 | |
| Geometric Mean | 0.06 | |
| Coefficient Of Variation | 512.16 | |
| Mean Deviation | 0.11 | |
| Median | 0.03 | |
| Standard Deviation | 0.18 | |
| Sample Variance | 0.03 | |
| Range | 0.8904 | |
| R-Value | 0.25 | |
| Mean Square Error | 0.03 | |
| R-Squared | 0.06 | |
| Significance | 0.33 | |
| Slope | 0.01 | |
| Total Sum of Squares | 0.50 |
Paramount Return On Tangible Assets History
About Paramount Resources Financial Statements
Paramount Resources investors utilize fundamental indicators, such as Return On Tangible Assets, to predict how Paramount Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.08 | 0.09 |
Pair Trading with Paramount Resources
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 Paramount Resources 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 Paramount Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Paramount Stock
Moving against Paramount Stock
The ability to find closely correlated positions to Paramount Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Paramount Resources 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 Paramount Resources - 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 Paramount Resources to buy it.
The correlation of Paramount Resources 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 Paramount Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Paramount Resources 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 Paramount Resources 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.Other Information on Investing in Paramount Stock
Paramount Resources financial ratios help investors to determine whether Paramount 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 Paramount with respect to the benefits of owning Paramount Resources security.