Natural Resource Partners Stock Market Value
| NRP Stock | USD 109.00 1.60 1.49% |
| Symbol | Natural |
Natural Resource Partners Price To Book Ratio
Is Oil, Gas & Consumable Fuels 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 Natural Resource. If investors know Natural 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 Natural Resource 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 (0.31) | Dividend Share 3 | Earnings Share 12.41 | Revenue Per Share 19.916 | Quarterly Revenue Growth (0.29) |
The market value of Natural Resource Partners is measured differently than its book value, which is the value of Natural that is recorded on the company's balance sheet. Investors also form their own opinion of Natural Resource's value that differs from its market value or its book value, called intrinsic value, which is Natural Resource'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 Natural Resource's market value can be influenced by many factors that don't directly affect Natural Resource'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 Natural Resource's value and its price as these two are different measures arrived at by different means. Investors typically determine if Natural Resource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Natural Resource'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.
Natural Resource '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 Natural Resource'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 Natural Resource.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Natural Resource on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Natural Resource Partners or generate 0.0% return on investment in Natural Resource over 30 days. Natural Resource is related to or competes with Hallador Energy, Consol Energy, Adaro Energy, Alliance Resource, Peabody Energy, NACCO Industries, and Thungela Resources. Natural Resource Partners L.P., through its subsidiaries, owns, manages, and leases a portfolio of mineral properties in... More
Natural Resource 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 Natural Resource'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 Natural Resource Partners upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.27 | |||
| Information Ratio | 0.1187 | |||
| Maximum Drawdown | 9.46 | |||
| Value At Risk | (1.91) | |||
| Potential Upside | 3.98 |
Natural Resource Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Natural Resource's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Natural Resource's standard deviation. In reality, there are many statistical measures that can use Natural Resource historical prices to predict the future Natural Resource's volatility.| Risk Adjusted Performance | 0.149 | |||
| Jensen Alpha | 0.2139 | |||
| Total Risk Alpha | 0.05 | |||
| Sortino Ratio | 0.1756 | |||
| Treynor Ratio | 0.3168 |
Natural Resource Partners Backtested Returns
Natural Resource appears to be very steady, given 3 months investment horizon. Natural Resource Partners has Sharpe Ratio of 0.18, which conveys that the firm had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Natural Resource, which you can use to evaluate the volatility of the firm. Please exercise Natural Resource's Mean Deviation of 1.48, risk adjusted performance of 0.149, and Downside Deviation of 1.27 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Natural Resource holds a performance score of 14. The company secures a Beta (Market Risk) of 1.08, which conveys a somewhat significant risk relative to the market. Natural Resource returns are very sensitive to returns on the market. As the market goes up or down, Natural Resource is expected to follow. Please check Natural Resource's downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to make a quick decision on whether Natural Resource's current price movements will revert.
Auto-correlation | 0.18 |
Very weak predictability
Natural Resource Partners has very weak predictability. Overlapping area represents the amount of predictability between Natural Resource time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 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 Natural Resource Partners price movement. The serial correlation of 0.18 indicates that over 18.0% of current Natural Resource price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 2.93 |
Natural Resource Partners lagged returns against current returns
Autocorrelation, which is Natural Resource 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 Natural Resource's stock expected returns. We can calculate the autocorrelation of Natural Resource returns to help us make a trade decision. For example, suppose you find that Natural Resource 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 |
Natural Resource 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 Natural Resource stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Natural Resource stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Natural Resource stock over time.
Current vs Lagged Prices |
| Timeline |
Natural Resource Lagged Returns
When evaluating Natural Resource's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Natural Resource stock have on its future price. Natural Resource 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, Natural Resource autocorrelation shows the relationship between Natural Resource stock current value and its past values and can show if there is a momentum factor associated with investing in Natural Resource Partners.
Regressed Prices |
| Timeline |
Pair Trading with Natural Resource
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 Natural Resource 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 Natural Resource will appreciate offsetting losses from the drop in the long position's value.Moving together with Natural Stock
| 0.69 | NC | NACCO Industries | PairCorr |
| 0.89 | BTU | Peabody Energy Corp | PairCorr |
| 0.89 | HNRG | Hallador Energy | PairCorr |
| 0.86 | ARLP | Alliance Resource Fiscal Year End 3rd of February 2025 | PairCorr |
Moving against Natural Stock
| 0.68 | EC | Ecopetrol SA ADR | PairCorr |
| 0.63 | BP | BP PLC ADR | PairCorr |
| 0.51 | E | Eni SpA ADR | PairCorr |
| 0.51 | DINO | HF Sinclair Corp | PairCorr |
| 0.45 | VIVK | Vivakor | PairCorr |
The ability to find closely correlated positions to Natural Resource could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Natural Resource 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 Natural Resource - 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 Natural Resource Partners to buy it.
The correlation of Natural Resource 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 Natural Resource moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Natural Resource 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 Natural Resource 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 Natural Stock Analysis
When running Natural Resource's price analysis, check to measure Natural Resource'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 Natural Resource is operating at the current time. Most of Natural Resource's value examination focuses on studying past and present price action to predict the probability of Natural Resource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Natural Resource's price. Additionally, you may evaluate how the addition of Natural Resource to your portfolios can decrease your overall portfolio volatility.