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Mineral Rights$47.01
-1.57%4:00PM 10/19/2020

Aggregated price index

Aggregated price index with volume information

Summary:

  • Mineral Rights stocks down 1.6% on average while median return down 1.3% in a day
  • Mineral Rights stocks down 3.5% on average while median return down 2.3% in a week
  • Mineral Rights stocks down 4.6% on average while median return down 4.4% 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 is based on equal weighted constituencies returns,Aggregated volume information is based on sum of all constituencies volumes

Index Constituencies

Related Stocks

Related ETFs

leak data

  • 1M winners are : Winners for past month are
  • 1M losers are : Losers for past month are $VNOM -7.0%
  • 1W winners are : Winners for past week are
  • 1W losers are : Losers for past week are $BSM -6.3%
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Correlation Analysis

Index correlation analysis

Correlation for the past month is 66.7%, for the past 3 months is 51.0%

In the past month for a 5 days rolling window, the highest corrrelation is 91.1%, the lowest correlation is 11.2%, the latest correlation is 87.1%

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 68.4% between BSM and DMLP

The lowest correlation is 65.3% between BSM and VNOM

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