Kimbell Royalty Partners Stock Market Value
| KRP Stock | USD 16.18 0.18 1.12% |
| Symbol | Kimbell |
Kimbell Royalty Partners Price To Book Ratio
Is Oil & Gas Exploration & Production space 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 Kimbell Royalty. If investors know Kimbell 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 Kimbell Royalty 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 0.131 | Dividend Share 1.75 | Earnings Share 0.51 | Revenue Per Share 4.355 | Quarterly Revenue Growth 0.034 |
The market value of Kimbell Royalty Partners is measured differently than its book value, which is the value of Kimbell that is recorded on the company's balance sheet. Investors also form their own opinion of Kimbell Royalty's value that differs from its market value or its book value, called intrinsic value, which is Kimbell Royalty'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 Kimbell Royalty's market value can be influenced by many factors that don't directly affect Kimbell Royalty'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 Kimbell Royalty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kimbell Royalty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kimbell Royalty'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.
Kimbell Royalty '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 Kimbell Royalty'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 Kimbell Royalty.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Kimbell Royalty on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Kimbell Royalty Partners or generate 0.0% return on investment in Kimbell Royalty over 720 days. Kimbell Royalty is related to or competes with Dorchester Minerals, Sitio Royalties, Coterra Energy, San Juan, Cross Timbers, Black Stone, and VOC Energy. Kimbell Royalty Partners, LP, together with its subsidiaries, acquires and owns mineral and royalty interests in oil and... More
Kimbell Royalty 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 Kimbell Royalty'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 Kimbell Royalty Partners upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.27 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 5.08 | |||
| Value At Risk | (1.89) | |||
| Potential Upside | 1.98 |
Kimbell Royalty Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kimbell Royalty's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kimbell Royalty's standard deviation. In reality, there are many statistical measures that can use Kimbell Royalty historical prices to predict the future Kimbell Royalty's volatility.| Risk Adjusted Performance | 0.0645 | |||
| Jensen Alpha | 0.02 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1737 |
Kimbell Royalty Partners Backtested Returns
Currently, Kimbell Royalty Partners is very steady. Kimbell Royalty Partners has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Kimbell Royalty, which you can use to evaluate the volatility of the firm. Please verify Kimbell Royalty's Risk Adjusted Performance of 0.0645, mean deviation of 0.7663, and Downside Deviation of 1.27 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. Kimbell Royalty has a performance score of 8 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.43, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kimbell Royalty's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kimbell Royalty is expected to be smaller as well. Kimbell Royalty Partners right now secures a risk of 1.01%. Please verify Kimbell Royalty Partners semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Kimbell Royalty Partners will be following its current price movements.
Auto-correlation | 0.31 |
Below average predictability
Kimbell Royalty Partners has below average predictability. Overlapping area represents the amount of predictability between Kimbell Royalty time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Kimbell Royalty Partners price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Kimbell Royalty price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.9 |
Kimbell Royalty Partners lagged returns against current returns
Autocorrelation, which is Kimbell Royalty 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 Kimbell Royalty's stock expected returns. We can calculate the autocorrelation of Kimbell Royalty returns to help us make a trade decision. For example, suppose you find that Kimbell Royalty 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 |
Kimbell Royalty 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 Kimbell Royalty stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kimbell Royalty stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kimbell Royalty stock over time.
Current vs Lagged Prices |
| Timeline |
Kimbell Royalty Lagged Returns
When evaluating Kimbell Royalty's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kimbell Royalty stock have on its future price. Kimbell Royalty 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, Kimbell Royalty autocorrelation shows the relationship between Kimbell Royalty stock current value and its past values and can show if there is a momentum factor associated with investing in Kimbell Royalty Partners.
Regressed Prices |
| Timeline |
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
| 0.72 | AR | Antero Resources Corp Potential Growth | PairCorr |
| 0.66 | EP | Empire Petroleum Corp | PairCorr |
| 0.77 | PR | Permian Resources | PairCorr |
| 0.7 | SM | SM Energy | PairCorr |
Moving against Kimbell Stock
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.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.