Aggregated price index with volume information
Summary:
- Mineral Rights stocks up 1.0% on average while median return up 1.2% in a day
- Mineral Rights stocks down 0.3% on average while median return down 0.3% in a week
- Mineral Rights stocks down 1.7% on average while median return down 3.2% 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 $BSM 5.7%
- 1M losers are : Losers for past month are $DMLP -5.4%
- 1W winners are : Winners for past week are $BSM 1.3%
- 1W losers are : Losers for past week are $DMLP -2.0%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 11.3%, for the past 3 months is 9.2%
In the past month for a 5 days rolling window, the highest corrrelation is 60.7%, the lowest correlation is -47.9%, the latest correlation is 31.4%
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 30.4% between BSM and VNOM
The lowest correlation is -1.6% between BSM and DMLP
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 ...
Viper Energy Partners LP (NASDAQ:VNOM) Q1 2024 Earnings Call Transcript May 1, 2024 Viper Energy Partners LP 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, ladies and gentlemen, and thank you for standing by. Welcome to the Viper […]