Kimbell Operating Cycle from 2010 to 2024

KRP Stock  USD 15.67  0.11  0.70%   
Kimbell Royalty Operating Cycle yearly trend continues to be relatively stable with very little volatility. Operating Cycle is likely to grow to 85.19 this year. During the period from 2010 to 2024, Kimbell Royalty Operating Cycle destribution of quarterly values had range of 296.2 K from its regression line and mean deviation of  81,073. View All Fundamentals
 
Operating Cycle  
First Reported
2010-12-31
Previous Quarter
81.12904225
Current Value
85.19
Quarterly Volatility
102.9 K
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Kimbell Royalty financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Kimbell Royalty's main balance sheet or income statement drivers, such as Depreciation And Amortization of 101.7 M, Interest Expense of 27.2 M or Selling General Administrative of 34.8 M, as well as many indicators such as Price To Sales Ratio of 3.49, Dividend Yield of 0.13 or PTB Ratio of 0.0014. Kimbell financial statements analysis is a perfect complement when working with Kimbell Royalty Valuation or Volatility modules.
  
Check out the analysis of Kimbell Royalty Correlation against competitors.

Latest Kimbell Royalty's Operating Cycle Growth Pattern

Below is the plot of the Operating Cycle of Kimbell Royalty Partners over the last few years. It is Kimbell Royalty's Operating Cycle historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Kimbell Royalty's overall financial position and show how it may be relating to other accounts over time.
Operating Cycle10 Years Trend
Slightly volatile
   Operating Cycle   
       Timeline  

Kimbell Operating Cycle Regression Statistics

Arithmetic Mean(60,755)
Geometric Mean823.80
Coefficient Of Variation(169.41)
Mean Deviation81,073
Median36.29
Standard Deviation102,928
Sample Variance10.6B
Range296.2K
R-Value(0.48)
Mean Square Error8.8B
R-Squared0.23
Significance0.07
Slope(11,068)
Total Sum of Squares148.3B

Kimbell Operating Cycle History

2024 85.19
2023 81.13
2022-278.2 K
2021-296.1 K
2020-124.3 K
2019-121.5 K
2018 139.56

About Kimbell Royalty Financial Statements

Kimbell Royalty shareholders use historical fundamental indicators, such as Operating Cycle, to determine how well the company is positioned to perform in the future. Although Kimbell Royalty investors may analyze each financial statement separately, they are all interrelated. The changes in Kimbell Royalty's assets and liabilities, for example, are also reflected in the revenues and expenses on on Kimbell Royalty's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Operating Cycle 81.13  85.19 

Pair Trading with Kimbell Royalty

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 Kimbell Royalty 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 Kimbell Royalty will appreciate offsetting losses from the drop in the long position's value.

Moving together with Kimbell Stock

  0.68AR Antero Resources CorpPairCorr
  0.74LB LandBridge CompanyPairCorr
  0.79PR Permian ResourcesPairCorr

Moving against Kimbell Stock

  0.49BRN Barnwell Industries Earnings Call This WeekPairCorr
  0.45BRY Berry Petroleum Corp Buyout TrendPairCorr
The ability to find closely correlated positions to Kimbell Royalty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kimbell Royalty 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 Kimbell Royalty - 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 Kimbell Royalty Partners to buy it.
The correlation of Kimbell Royalty 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 Kimbell Royalty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kimbell Royalty Partners 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 Kimbell Royalty 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.
Pair CorrelationCorrelation Matching

Additional Tools for Kimbell Stock Analysis

When running Kimbell Royalty's price analysis, check to measure Kimbell Royalty'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 Kimbell Royalty is operating at the current time. Most of Kimbell Royalty's value examination focuses on studying past and present price action to predict the probability of Kimbell Royalty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kimbell Royalty's price. Additionally, you may evaluate how the addition of Kimbell Royalty to your portfolios can decrease your overall portfolio volatility.