MARKET COMPOSITE
Mineral Rights Stocks28-00-2024 20:00:00 PM
Price
$121.48
+ 2.46%
The list of companies include
* Latest intraday update before market close @ 19:45:41 PM 05/28/2024
Summary
:
Average return is up 2.6%
Median return is up 2.5%
3 out of 3 stocks are up (limited to those with intraday pricing feeds).
Top Movers
:
BSM + 1.7%VNOM + 2.5%DMLP + 3.6%

Aggregated price index with volume information

Summary:

  • Mineral Rights stocks up 2.5% on average while median return up 2.4% in a day
  • Mineral Rights stocks up 0.7% on average while median return up 1.2% in a week
  • Mineral Rights stocks down 2.5% on average while median return down 1.7% 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.

Related Stocks
Ticker
1d
7d
30d
PE Ratio
PE/G
P/B (mrq)
P/S (ttm)
Earning Growth
MarketCap
Short %
Held By Institutions %
RSI
Price Pattern
Resist Support
Days Since Channel Change
Channel Slope (daily rate %)
BSM2.8%
-0.7%
0.1%
10.893.612.887.44-79%3.4B1%16%52\/-226-0.0%
VNOM2.4%
1.5%
-2.5%
-1.931.9511.223.5B3%75%58\/\/2260.2%
DMLP2.2%
1.2%
-1.7%
6.5011.9334%1.3B0%17%51/\/Below support920.1%
* 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.
Detail Performance Summary
  • 1M winners are : Winners for past month are $BSM 0.1%
  • 1M losers are : Losers for past month are $VNOM -2.5%
  • 1W winners are : Winners for past week are $VNOM 1.5%
  • 1W losers are : Losers for past week are $BSM -0.7%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 17.7%, for the past 3 months is 14.4%

In the past month for a 5 days rolling window, the highest corrrelation is 66.4%, the lowest correlation is -47.9%, the latest correlation is 66.4%

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 38.5% between BSM and VNOM

The lowest correlation is 3.6% between BSM and DMLP

Stock news

    While the concept of oil & gas stocks to buy might seem anachronistic amid the push for renewable energy infrastructures, the harsh reality is this: the geopolitical turmoil that has upturned the international order will likely buttress hydrocarbon players. Fundamentally, we have a flashpoint in eastern Europe that appears only to worsen with time. Indeed, the latest news indicates that the scope of military aggression has expanded. That has terrible implications for the stability of hydrocarbon

    Black Stone Minerals, L.P. (NYSE:BSM) Q1 2024 Earnings Call Transcript May 7, 2024 Black Stone Minerals, L.P. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day and welcome to the Black Stone Minerals First Quarter Earnings Call. At this […]

    Amidst a tough quarter, BSM focuses on long-term growth through strategic acquisitions and robust hedging strategies.

    Q1 2024 Black Stone Minerals LP Earnings Call

    HOUSTON, May 06, 2024--Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone Minerals," "Black Stone," or "the Company") today announces its financial and operating results for the first quarter of 2024.

    With the geopolitical winds churning, the concept of cheap energy stocks has become even more critical. Basically, the window of opportunity may be fading. One major problem of course is the situation in the Middle East. While tensions have cooled relative to Iran and Israel launching missiles against each other, there’s always a chance of a miscalculation. Not too far away, Russia’s invasion of Ukraine shows no sign of abatement. With Russia also owning vast energy resources, a global supply ch

    The last inflation report, which came in worse than expected, had investors worried about the Federal Reserve’s plans for interest rates this year. The central bank held rates steady in its most recent decision, cooling fears that a hike is in the offing. When combined with moderate gains in the Q1 earnings reports, it makes sense that we saw stocks rebounding as confidence in the market was restored. However, according to JPMorgan’s chief market strategist Marko Kolanovic, we’re not out of the

    Viper Energy, Inc. ( NASDAQ:VNOM ) shareholders are probably feeling a little disappointed, since its shares fell 6.1...

    DALLAS, May 02, 2024 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (the “Partnership”) (NASDAQ-DMLP) announced today the Partnership’s net income for the quarter ended March 31, 2024 of $18,167,000, or $0.44 per common unit. A comparison of the Partnership’s consolidated results for the quarter ended March 31, 2024 and 2023 are set forth below: Three Months Ended March 31, 2024 2023Operating Revenues $30,979,000 $40,167,000Net Income $18,167,000 $28,070,000Net Income Per Common Unit $0.44 $0.71

    OVERLAND PARK, KS / ACCESSWIRE / May 2, 2024 / Tortoise today announced that NuStar Energy LP (NYSE:NS) will be removed from the Tortoise MLP Index ®(TMLP) and the Tortoise North American Pipeline IndexSM (TNAP) as a result of the approved acquisition ...