Aggregated price index with volume information
- Mineral Rights stocks down 0.7% on average while median return down 1.8% in a day
- Mineral Rights stocks down 1.9% on average while median return down 1.2% in a week
- Mineral Rights stocks down 0.4% on average while median return down -5.1% 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.
- 1M winners are : Winners for past month are $VNOM 6.5%
- 1M losers are : Losers for past month are $BSM -11.0%
- 1W winners are : Winners for past week are $DMLP 3.0%
- 1W losers are : Losers for past week are $BSM -7.3%
Index correlation analysis
Correlation for the past month is 8.1%, for the past 3 months is 29.0%
In the past month for a 5 days rolling window, the highest corrrelation is 85.3%, the lowest correlation is -35.2%, the latest correlation is -25.1%
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 24.1% between BSM and VNOM
The lowest correlation is -0.2% between DMLP and VNOM
An insider buy is usually a good indication of a value opportunity
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Viper Energy (VNOM) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Insider buying can often provide valuable insights into a company's prospects and the confidence that management and other insiders have in the business.
MIDLAND, Texas, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ: VNOM) (“Viper”) announced today the pricing of an underwritten public offering of 9,018,760 shares of its Class A common stock by certain selling stockholder (the “Secondary Offering”). The gross proceeds from the sale of the shares by the selling stockholder will be approximately $264 million. Viper will not receive any proceeds from the sale of the shares by the selling stockholder. As part of Viper’s stock repurchas
MIDLAND, Texas, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ: VNOM) (“Viper”) announced today the launch of an underwritten public offering of 9,018,760 shares of its Class A common stock by certain selling stockholder, subject to market and other conditions (the “Secondary Offering”). Viper will not receive any proceeds from the sale of the shares by the selling stockholder. Subject to the completion of the Secondary Offering and as part of Viper’s stock repurchase program, Vipe
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Viper Energy Partners LP (NASDAQ:VNOM) Q3 2023 Earnings Call Transcript November 7, 2023 Operator: Good day. And thank you for standing by. Welcome to the Viper Energy Partners Third Quarter 2023 Earnings Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded. I would now like to hand the conference over to […]
Higher oil-equivalent production volumes aid Viper Energy's (VNOM) earnings in Q3.