Permian Basin Royalty Stock Market Value
| PBT Stock | USD 13.86 0.10 0.73% |
| Symbol | Permian |
Permian Basin Royalty 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 Permian Basin. If investors know Permian 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 Permian Basin 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 0.159 | Earnings Share 0.78 | Revenue Per Share 0.642 | Quarterly Revenue Growth 0.158 | Return On Assets 6.3279 |
The market value of Permian Basin Royalty is measured differently than its book value, which is the value of Permian that is recorded on the company's balance sheet. Investors also form their own opinion of Permian Basin's value that differs from its market value or its book value, called intrinsic value, which is Permian Basin'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 Permian Basin's market value can be influenced by many factors that don't directly affect Permian Basin'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 Permian Basin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Permian Basin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Permian Basin'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.
Permian Basin '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 Permian Basin'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 Permian Basin.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in Permian Basin on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding Permian Basin Royalty or generate 0.0% return on investment in Permian Basin over 390 days. Permian Basin is related to or competes with Dorian LPG, Frontline, Torm PLC, Plains All, Hess Midstream, Plains GP, and Western Midstream. Permian Basin Royalty Trust, an express trust, holds overriding royalty interests in various oil and gas properties in t... More
Permian Basin 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 Permian Basin'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 Permian Basin Royalty upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.28 | |||
| Information Ratio | 0.1255 | |||
| Maximum Drawdown | 12.21 | |||
| Value At Risk | (4.38) | |||
| Potential Upside | 4.64 |
Permian Basin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Permian Basin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Permian Basin's standard deviation. In reality, there are many statistical measures that can use Permian Basin historical prices to predict the future Permian Basin's volatility.| Risk Adjusted Performance | 0.1376 | |||
| Jensen Alpha | 0.2677 | |||
| Total Risk Alpha | 0.0877 | |||
| Sortino Ratio | 0.1308 | |||
| Treynor Ratio | 0.3035 |
Permian Basin Royalty Backtested Returns
Permian Basin appears to be not too volatile, given 3 months investment horizon. Permian Basin Royalty maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Permian Basin Royalty, which you can use to evaluate the volatility of the company. Please evaluate Permian Basin's Risk Adjusted Performance of 0.1376, coefficient of variation of 583.18, and Semi Deviation of 2.0 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Permian Basin holds a performance score of 12. The company holds a Beta of 1.31, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Permian Basin will likely underperform. Please check Permian Basin's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Permian Basin's historical price patterns will revert.
Auto-correlation | 0.22 |
Weak predictability
Permian Basin Royalty has weak predictability. Overlapping area represents the amount of predictability between Permian Basin time series from 29th of October 2023 to 11th of May 2024 and 11th of May 2024 to 22nd 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 Permian Basin Royalty price movement. The serial correlation of 0.22 indicates that over 22.0% of current Permian Basin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
Permian Basin Royalty lagged returns against current returns
Autocorrelation, which is Permian Basin 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 Permian Basin's stock expected returns. We can calculate the autocorrelation of Permian Basin returns to help us make a trade decision. For example, suppose you find that Permian Basin 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 |
Permian Basin 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 Permian Basin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Permian Basin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Permian Basin stock over time.
Current vs Lagged Prices |
| Timeline |
Permian Basin Lagged Returns
When evaluating Permian Basin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Permian Basin stock have on its future price. Permian Basin 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, Permian Basin autocorrelation shows the relationship between Permian Basin stock current value and its past values and can show if there is a momentum factor associated with investing in Permian Basin Royalty.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Permian Stock Analysis
When running Permian Basin's price analysis, check to measure Permian Basin'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 Permian Basin is operating at the current time. Most of Permian Basin's value examination focuses on studying past and present price action to predict the probability of Permian Basin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Permian Basin's price. Additionally, you may evaluate how the addition of Permian Basin to your portfolios can decrease your overall portfolio volatility.