Black Stone Minerals Stock Market Value
| BSM Stock | USD 15.84 0.09 0.57% |
| Symbol | Black |
Black Stone Minerals Price To Book Ratio
Is Black Stone's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Black Stone. If investors know Black will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Black Stone listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.20) | Dividend Share 1.9 | Earnings Share 1.88 | Revenue Per Share 2.327 | Quarterly Revenue Growth (0.32) |
The market value of Black Stone Minerals is measured differently than its book value, which is the value of Black that is recorded on the company's balance sheet. Investors also form their own opinion of Black Stone's value that differs from its market value or its book value, called intrinsic value, which is Black Stone's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Black Stone's market value can be influenced by many factors that don't directly affect Black Stone's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Black Stone's value and its price as these two are different measures arrived at by different means. Investors typically determine if Black Stone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Black Stone's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Black Stone 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Black Stone's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Black Stone.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Black Stone on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Black Stone Minerals or generate 0.0% return on investment in Black Stone over 30 days. Black Stone is related to or competes with Dorchester Minerals, Sitio Royalties, MV Oil, VOC Energy, Cross Timbers, Kimbell Royalty, and Sabine Royalty. Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests More
Black Stone Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Black Stone's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Black Stone Minerals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.21 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 4.78 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 1.34 |
Black Stone Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Black Stone's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Black Stone's standard deviation. In reality, there are many statistical measures that can use Black Stone historical prices to predict the future Black Stone's volatility.| Risk Adjusted Performance | 0.0083 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Black Stone's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Black Stone Minerals Backtested Returns
Black Stone Minerals secures Sharpe Ratio (or Efficiency) of -0.0177, which signifies that the company had a -0.0177% return per unit of standard deviation over the last 3 months. Black Stone Minerals exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Black Stone's mean deviation of 0.8257, and Risk Adjusted Performance of 0.0083 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Black Stone's returns are expected to increase less than the market. However, during the bear market, the loss of holding Black Stone is expected to be smaller as well. Black Stone Minerals has an expected return of -0.0188%. Please make sure to confirm Black Stone Minerals coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to decide if Black Stone Minerals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.87 |
Excellent reverse predictability
Black Stone Minerals has excellent reverse predictability. Overlapping area represents the amount of predictability between Black Stone time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Black Stone Minerals price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Black Stone price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Black Stone Minerals lagged returns against current returns
Autocorrelation, which is Black Stone stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Black Stone's stock expected returns. We can calculate the autocorrelation of Black Stone returns to help us make a trade decision. For example, suppose you find that Black Stone has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Black Stone regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Black Stone stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Black Stone stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Black Stone stock over time.
Current vs Lagged Prices |
| Timeline |
Black Stone Lagged Returns
When evaluating Black Stone's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Black Stone stock have on its future price. Black Stone autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Black Stone autocorrelation shows the relationship between Black Stone stock current value and its past values and can show if there is a momentum factor associated with investing in Black Stone Minerals.
Regressed Prices |
| Timeline |
Pair Trading with Black Stone
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Black Stone position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Black Stone will appreciate offsetting losses from the drop in the long position's value.Moving together with Black Stock
| 0.61 | SD | SandRidge Energy Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Black Stone could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Black Stone when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Black Stone - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Black Stone Minerals to buy it.
The correlation of Black Stone is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Black Stone moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Black Stone Minerals moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Black Stone can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Black Stone Correlation, Black Stone Volatility and Black Stone Alpha and Beta module to complement your research on Black Stone. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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When running Black Stone's price analysis, check to measure Black Stone's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Black Stone is operating at the current time. Most of Black Stone's value examination focuses on studying past and present price action to predict the probability of Black Stone's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Black Stone's price. Additionally, you may evaluate how the addition of Black Stone to your portfolios can decrease your overall portfolio volatility.
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Black Stone technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.