Aggregated price index
Aggregated price index with volume information
Summary:
- Mineral Rights stocks down 1.8% on average while median return down 2.1% in a day
- Mineral Rights stocks up 6.2% on average while median return up 6.3% in a week
- Mineral Rights stocks down 6.6% on average while median return down 6.1% in a month
- When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.
Aggregated price index (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.
Click on + to show price series and click on ticker for stock detail page
* P/E and MarketCap are refreshed daily using IEX Cloud service. P/B, P/S, PEG, growth, short%, HelbyInstitute are refreshed weekly using Yahoo feeds. For latest stock stats please visit Yahoo Finance.
* Price Patter: / is upward trend, \ is downward trend, - is sideway. Click on the ticker to go to stock page to see Bayesian Trend model plot of the time series.
* Channel and change points are derived from Bayesian Trend model, where the channel slope is the growth rate while change points are those the model partition the time series.
- 1M winners are : Winners for past month are
- 1M losers are : Losers for past month are $DMLP -12.9%
- 1W winners are : Winners for past week are $VNOM 6.7%
- 1W losers are : Losers for past week are
Correlation Analysis
Index correlation analysis
Correlation for the past month is 74.1%, for the past 3 months is 71.8%
In the past month for a 5 days rolling window, the highest corrrelation is 87.3%, the lowest correlation is 20.4%, the latest correlation is 54.0%
When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.
Among pairwise correlation, the highest correlation is 78.1% between BSM and DMLP
The lowest correlation is 70.7% between BSM and VNOM
Stock news
DALLAS, Sept. 30, 2022 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (the “Partnership”) (NASDAQ-DMLP) has completed its previously announced acquisition of mineral, royalty and overriding royalty interests of approximately 2,100 net royalty acres located in 12 counties across New Mexico and Texas. The transaction is structured as a non-taxable contribution and exchange. The contributing entity conveyed its interest to the Partnership in exchange for 816,719 common limited partnership units of D
In the latest trading session, Viper Energy Partners (VNOM) closed at $28.39, marking a -0.73% move from the previous day.
MIDLAND, Texas, Sept. 28, 2022 (GLOBE NEWSWIRE) -- Viper Energy Partners LP (NASDAQ: VNOM) (“Viper”), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it plans to release third quarter 2022 financial results on November 7, 2022 after the market closes. In connection with the earnings release, Viper will host a conference call and webcast for investors and analysts to discuss its results for the third quarter of 2022 on Tuesday, November 8, 2022 at 10:
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
DALLAS, Sept. 22, 2022 (GLOBE NEWSWIRE) -- William Casey McManemin, the Chief Executive Officer of Dorchester Minerals, L.P. (the “Company”), has announced he will step down from his position as Chief Executive Officer of the Company, effective as of October 1, 2022, with a view to facilitating an orderly plan of succession among the Company’s senior management. In connection with Mr. McManemin’s transition, the Company has appointed Bradley J. Ehrman to serve as its Chief Executive Officer, eff
In the latest trading session, Viper Energy Partners (VNOM) closed at $30.99, marking a +0.98% move from the previous day.
Back in August, I made the argument why now’s the right time to buy safe stocks. Just over a month later, this continues to be the case. The volatility and uncertainty that has rocked the stock market so far in 2022 doesn’t show many signs of letting up anytime soon. The Federal Reserve continues to raise interest rates. This is likely to continue, as interest rates remain at multi-decade highs. Climbing interest rates are likely to continue putting pressure on the speculative stocks that thrive