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
- 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%
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
Stock news
Viper Energy Partners was formed by Diamondback Energy in 2014 to own mineral royalty interests in the Permian Basin. At the end of 2019, Viper owns 24,304 net royalty acres that produced 26,137 boe/d. Proved reserves are mostly oil, and at the end of 2019 stand at 88,946 mboe.
DALLAS, Aug. 06, 2020 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (the “Partnership”) (NASDAQ-DMLP) announced today the Partnership’s net income for the quarter ended June 30, 2020 of $1,192,000, or $0.03 per common unit. A comparison of the Partnership’s consolidated results for the quarter ended June 30, 2020 and 2019 are set forth below: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Operating Revenues$6,795,000 $20,600,000 $22,271,000 $39,631,000 Net I...
Investment firm Raymond James has released its July performance recap, summing up the fourth month of the economic recovery. The firm notes that the early weeks of this recovery cycle showed a V-shaped turnaround for the economy, which has since slowed, taking a “treading water” patter. Raymond James sees defensive stock plays in a strong position, as they have somewhat outperformed since the second week of June.Raymond James strategist Tavis McCourt sees the slowing pattern as predictable, and ...
At this time, I would like to welcome everyone to the Second Quarter 2020 Black Stone Minerals Earnings Conference. Good morning everyone and thank you for joining us either by phone or online for the Black Stone Minerals second quarter 2020 earnings conference call. Before we start, I'd like to advise you that we will be making forward-looking statements during this call about our plans, expectations and assumptions regarding our future performance.
Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone Minerals," "Black Stone," or "the Company") today announces its financial and operating results for the second quarter of 2020.