Permrock Royalty Trust Stock Market Value
| PRT Stock | USD 4.02 0.03 0.75% |
| Symbol | PermRock |
PermRock Royalty Trust 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 PermRock Royalty. If investors know PermRock 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 PermRock 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 (0.49) | Earnings Share 0.42 | Revenue Per Share 0.503 | Quarterly Revenue Growth (0.45) | Return On Assets 0.0412 |
The market value of PermRock Royalty Trust is measured differently than its book value, which is the value of PermRock that is recorded on the company's balance sheet. Investors also form their own opinion of PermRock Royalty's value that differs from its market value or its book value, called intrinsic value, which is PermRock 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 PermRock Royalty's market value can be influenced by many factors that don't directly affect PermRock 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 PermRock Royalty's value and its price as these two are different measures arrived at by different means. Investors typically determine if PermRock Royalty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PermRock 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.
PermRock 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 PermRock 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 PermRock Royalty.
| 09/02/2023 |
| 11/25/2024 |
If you would invest 0.00 in PermRock Royalty on September 2, 2023 and sell it all today you would earn a total of 0.00 from holding PermRock Royalty Trust or generate 0.0% return on investment in PermRock Royalty over 450 days. PermRock Royalty is related to or competes with MV Oil, San Juan, Sabine Royalty, Cross Timbers, Mesa Royalty, VOC Energy, and North European. PermRock Royalty Trust owns 80 percent net profits interest in the oil and natural gas production properties acquired by... More
PermRock 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 PermRock 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 PermRock Royalty Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.14 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 8.8 | |||
| Value At Risk | (3.19) | |||
| Potential Upside | 2.57 |
PermRock Royalty Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PermRock Royalty's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PermRock Royalty's standard deviation. In reality, there are many statistical measures that can use PermRock Royalty historical prices to predict the future PermRock Royalty's volatility.| Risk Adjusted Performance | 0.0079 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (3.24) |
PermRock Royalty Trust Backtested Returns
PermRock Royalty Trust maintains Sharpe Ratio (i.e., Efficiency) of -0.0288, which implies the firm had a -0.0288% return per unit of risk over the last 3 months. PermRock Royalty Trust exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PermRock Royalty's Semi Deviation of 1.94, coefficient of variation of 35319.26, and Risk Adjusted Performance of 0.0079 to confirm the risk estimate we provide. The company holds a Beta of 0.0015, which implies not very significant fluctuations relative to the market. As returns on the market increase, PermRock Royalty's returns are expected to increase less than the market. However, during the bear market, the loss of holding PermRock Royalty is expected to be smaller as well. At this point, PermRock Royalty Trust has a negative expected return of -0.0522%. Please make sure to check PermRock Royalty's downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to decide if PermRock Royalty Trust performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.5 |
Modest reverse predictability
PermRock Royalty Trust has modest reverse predictability. Overlapping area represents the amount of predictability between PermRock Royalty time series from 2nd of September 2023 to 14th of April 2024 and 14th of April 2024 to 25th 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 PermRock Royalty Trust price movement. The serial correlation of -0.5 indicates that about 50.0% of current PermRock Royalty price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
PermRock Royalty Trust lagged returns against current returns
Autocorrelation, which is PermRock 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 PermRock Royalty's stock expected returns. We can calculate the autocorrelation of PermRock Royalty returns to help us make a trade decision. For example, suppose you find that PermRock 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 |
PermRock 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 PermRock Royalty stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PermRock Royalty stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PermRock Royalty stock over time.
Current vs Lagged Prices |
| Timeline |
PermRock Royalty Lagged Returns
When evaluating PermRock Royalty's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PermRock Royalty stock have on its future price. PermRock 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, PermRock Royalty autocorrelation shows the relationship between PermRock Royalty stock current value and its past values and can show if there is a momentum factor associated with investing in PermRock Royalty Trust.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for PermRock Stock Analysis
When running PermRock Royalty's price analysis, check to measure PermRock 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 PermRock Royalty is operating at the current time. Most of PermRock Royalty's value examination focuses on studying past and present price action to predict the probability of PermRock 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 PermRock Royalty's price. Additionally, you may evaluate how the addition of PermRock Royalty to your portfolios can decrease your overall portfolio volatility.