Source Rock Royalties Stock Price on May 24, 2024
| SRR Stock | 0.90 0.01 1.12% |
If you're considering investing in Source Stock, it is important to understand the factors that can impact its price. As of today, the current price of Source Rock stands at 0.90, as last reported on the 2nd of December, with the highest price reaching 0.90 and the lowest price hitting 0.88 during the day. At this stage we consider Source Stock to be very risky. Source Rock Royalties owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0406, which indicates the firm had a 0.0406% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Source Rock Royalties, which you can use to evaluate the volatility of the company. Please validate Source Rock's Semi Deviation of 1.35, risk adjusted performance of 0.0357, and Coefficient Of Variation of 2511.28 to confirm if the risk estimate we provide is consistent with the expected return of 0.066%.
At this time, Source Rock's Common Stock Shares Outstanding is fairly stable compared to the past year. Sale Purchase Of Stock is expected to grow at the current pace this year, whereas Total Stockholder Equity is likely to drop slightly above 23.3 M in 2024. . At this time, Source Rock's Price Book Value Ratio is fairly stable compared to the past year. Price To Operating Cash Flows Ratio is likely to climb to 14.96 in 2024, whereas Price Earnings Ratio is likely to drop 22.62 in 2024. Source Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Source |
Sharpe Ratio = 0.0406
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Estimated Market Risk
| 1.62 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Source Rock is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Source Rock by adding it to a well-diversified portfolio.
Price Book 1.5598 | Enterprise Value Ebitda 6.3875 | Price Sales 5.4197 | Shares Float 31.4 M | Earnings Share 0.04 |
Source Rock Valuation on May 24, 2024
It is possible to determine the worth of Source Rock on a given historical date. On May 24, 2024 Source was worth 0.84 at the beginning of the trading date compared to the closed value of 0.84. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Source Rock stock. Still, in general, we apply an absolute valuation method to find Source Rock's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Source Rock where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Source Rock's related companies.
| Open | High | Low | Close | Volume | |
| 0.83 | 0.84 | 0.83 | 0.84 | 6,849 | |
05/24/2024 | 0.84 | 0.84 | 0.84 | 0.84 | 3,237 |
| 0.83 | 0.84 | 0.83 | 0.84 | 3,550 |
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Source Rock Trading Date Momentum on May 24, 2024
| On May 27 2024 Source Rock Royalties was traded for 0.84 at the closing time. The highest daily price throughout the period was 0.84 and the lowest price was 0.83 . The daily volume was 3.5 K. The net trading volume on 05/27/2024 did not result in any price rise and fall. The trading price change to current closing price is 1.19% . |
Source Rock Royalties Fundamentals Correlations and Trends
By evaluating Source Rock's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Source Rock's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Source financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Source Rock Stock history
Source Rock investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Source is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Source Rock Royalties will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Source Rock stock prices may prove useful in developing a viable investing in Source Rock
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 45.2 M | 48.6 M | |
| Net Income Applicable To Common Shares | 2.9 M | 3.1 M |
Source Rock Quarterly Net Working Capital |
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Source Rock Stock Technical Analysis
Source Rock 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.
Price Boundaries
Source Rock Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Source Rock Royalties cannot be verified against its exchange. Please verify the symbol is currently traded on TSX Venture Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Source Rock December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Source Rock stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Source Rock shares will generate the highest return on investment. By undertsting and applying Source Rock stock market strength indicators, traders can identify Source Rock Royalties entry and exit signals to maximize returns
Source Rock Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Source Rock's price direction in advance. Along with the technical and fundamental analysis of Source Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Source to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0357 | |||
| Jensen Alpha | 0.0237 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.2271 |
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Additional Tools for Source Stock Analysis
When running Source Rock's price analysis, check to measure Source Rock'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 Source Rock is operating at the current time. Most of Source Rock's value examination focuses on studying past and present price action to predict the probability of Source Rock's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Source Rock's price. Additionally, you may evaluate how the addition of Source Rock to your portfolios can decrease your overall portfolio volatility.