Aggregated price index with volume information
Summary:
- Mineral Rights stocks down 0.6% on average while median return down -0.2% in a day
- Mineral Rights stocks down 2.4% on average while median return down 2.7% in a week
- Mineral Rights stocks up 3.6% on average while median return up 0.9% 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 13.3%
- 1M losers are : Losers for past month are $BSM -1.6%
- 1W winners are : Winners for past week are
- 1W losers are : Losers for past week are $DMLP -3.2%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 53.0%, for the past 3 months is 37.6%
In the past month for a 5 days rolling window, the highest corrrelation is 86.6%, the lowest correlation is 22.5%, the latest correlation is 56.9%
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 75.5% between BSM and VNOM
The lowest correlation is 40.1% between BSM and DMLP
Second quarter earnings are underway, and companies are declaring dividends.
HOUSTON, July 24, 2024--Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone," "BSM," "the Company", or "the Partnership") today declared the distribution attributable to the second quarter of 2024. Additionally, the Partnership announced the date of its second quarter earnings call.
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DALLAS, July 18, 2024 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (NASDAQ:DMLP) announced today the Partnership’s second quarter 2024 cash distribution. The distribution of $0.702058 per common unit represents activity for the three-month period ended June 30, 2024 and is payable on August 8, 2024 to common unitholders of record as of July 29, 2024. Cash receipts attributable to the Partnership’s Royalty Properties during the second quarter totaled approximately $26.1 million. Approximately 74
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