Aggregated price index with volume information
Summary:
- Mineral Rights stocks down 0.8% on average while median return down 0.2% in a day
- Mineral Rights stocks down 3.9% on average while median return down 4.6% in a week
- Mineral Rights stocks up 2.3% on average while median return up 0.2% 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 4.3%
- 1M losers are : Losers for past month are $BSM -2.6%
- 1W winners are : Winners for past week are
- 1W losers are : Losers for past week are $BSM -5.4%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 28.7%, for the past 3 months is 14.5%
In the past month for a 5 days rolling window, the highest corrrelation is 71.2%, the lowest correlation is -44.3%, the latest correlation is -5.4%
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 50.9% between BSM and DMLP
The lowest correlation is -3.7% between DMLP and VNOM
DALLAS, April 18, 2024 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (NASDAQ:DMLP) announced today the Partnership’s first quarter 2024 cash distribution. The distribution of $0.781837 per common unit represents activity for the three-month period ended March 31, 2024 and is payable on May 9, 2024 to common unitholders of record as of April 29, 2024. Cash receipts attributable to the Partnership’s Royalty Properties during the first quarter totaled approximately $24.5 million. Approximately 71%
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HOUSTON, April 17, 2024--Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone," "BSM," "the Company", or "the Partnership") today declared the distribution attributable to the first quarter of 2024. Additionally, the Partnership announced the date of its first quarter 2024 earnings call.
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DALLAS, March 28, 2024 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (the “Partnership”) (NASDAQ-DMLP) announced today it completed an acquisition of mineral interests totaling approximately 1,485 net royalty acres located in two counties in Colorado. The transaction was structured as a non-taxable contribution and exchange. The contributing entities conveyed their interests to the Partnership in exchange for 505,369 common units representing limited partnership interests in Dorchester Minerals,
MIDLAND, Texas, March 25, 2024 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ: VNOM) (“Viper”), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it plans to release first quarter 2024 financial results on April 30, 2024 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 first quarter of 2024 on Wednesday, May 1, 2024 at 10:00 a.m. CT.
HOUSTON, March 25, 2024--Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone," "BSM," "the Company", or "the Partnership") today announced its participation in an upcoming investor relations event. Members of management will be participating in the following:
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