Permian Resources Stock Forward View
| PR Stock | USD 20.92 0.24 1.16% |
The Naive Prediction reference data for Permian Resources is derived from the equity's published trading history. The resulting forecast and deviation statistics are presented as reference data for informational context. Forecast values and accuracy statistics are presented for informational purposes. All values shown are derived from publicly available market data.
The Naive Prediction forecasted value of Permian Resources on the next trading day is expected to be 21.22 with a mean absolute deviation of 0.19 and the sum of the absolute errors of 11.39.This model is not at all useful as a medium-long range forecasting tool of Permian Resources. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Permian Resources. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights. The forecast reference data presented here for Permian Resources reflects Naive Prediction model output and is intended as reference material for analytical use. Permian Resources Cash Forecast
Statistical forecasting of Permian Resources's financial indicators relies on detecting patterns in past data. Business cycle sensitivity and seasonal effects are factored into forward-looking estimates of Permian Resources's position. Statistical pattern recognition reveals recurring cycles in Permian Resources' cash generation. Forward-looking estimates are generated with quantified uncertainty ranges.
Cash | First Reported 2013-03-31 | Previous Quarter 111.8 M | Current Value 153.7 M | Quarterly Volatility 137.8 M |
Macro event markers
Naive Prediction Price Forecast For the 26th of March
Given 90 days horizon, the Naive Prediction forecasted value of Permian Resources on the next trading day is expected to be 21.22 with a mean absolute deviation of 0.19 , mean absolute percentage error of 0.06 , and the sum of the absolute errors of 11.39 .Please note that although there have been many attempts to predict Permian Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Permian Resources' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Permian Resources | Permian Resources Price Prediction | Research Analysis |
Forecasted Value
Forecasting Permian Resources for the next session involves measuring the model's historical ability to define credible downside and upside scenarios. The current forecast range spans downside near 19.31 and upside near 23.14.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Permian Resources stock data series using in forecasting. Note that when a statistical model is used to represent Permian Resources stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 115.2162 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1867 |
| MAPE | Mean absolute percentage error | 0.0115 |
| SAE | Sum of the absolute errors | 11.3872 |
Other Forecasting Options for Permian Resources
Fibonacci retracement levels applied to Permian Stock price swings identify potential support and resistance zones. Extreme price moves in Permian occur more frequently than standard risk models assume. Support and resistance levels derived from Permian Resources' historical data identify zones where buying or selling pressure has stalled moves. A volume spike without a corresponding price move can signal accumulation or distribution ahead of a directional breakout.Permian Resources Related Equities
Permian Resources's market space within the Energy space is best grasped by looking at the firms listed below. Market cap and total value checks frame Permian Resources' size within the competitive field.
| Risk & Return | Correlation |
Permian Resources Market Strength Events
Tracking market strength indicators for Permian Resources provides context for understanding stock momentum dynamics. Tracking these indicators helps identify periods where trading Permian Resources is likely to be most rewarding. These tools are essential for timing trades in Permian Resources with a quantitative framework. Market strength indicators for Permian Resources are most useful when viewed as part of a broader analytical framework.
| Accumulation Distribution | 205507.0 | |||
| Daily Balance Of Power | 0.4615 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 20.66 | |||
| Day Typical Price | 20.75 | |||
| Price Action Indicator | 0.38 | |||
| Period Momentum Indicator | 0.24 |
Permian Resources Risk Indicators
Properly assessing Permian Resources' risk indicators is a prerequisite for building reliable price forecasts. This analysis provides context for determining the appropriate level of risk to accept when holding Permian Resources'. Analyzing Permian Resources' risk indicators provides a critical input for investment risk management. By quantifying the risk in Permian Resources' investment, investors can make more informed decisions about hedging strategies.
| Mean Deviation | 1.62 | |||
| Semi Deviation | 1.31 | |||
| Standard Deviation | 1.96 | |||
| Variance | 3.84 | |||
| Downside Variance | 3.08 | |||
| Semi Variance | 1.71 | |||
| Expected Short fall | -1.92 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Permian Resources
A coverage review of Permian Resources shows when the security is attracting above-average attention from contributors and market observers. The stronger process compares story flow with performance, theme classification, and the level of short-term market interest.
Contributor Headline
Latest Perspective From Macroaxis
Permian Resources Short Properties
Short-interest signals around Permian Resources can help investors judge whether skeptical positioning is starting to pressure price predictability and market tone. The practical goal is to identify when the balance between long and short participation may be changing the quality of the setup.
| Common Stock Shares Outstanding | 731 M | |
| Cash And Short Term Investments | 153.7 M |
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