Sitio Royalties Corp Stock Market Value
| STR Stock | USD 24.52 0.12 0.49% |
| Symbol | Sitio |
Sitio Royalties Corp 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 Sitio Royalties. If investors know Sitio 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 Sitio Royalties 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 309.559 | Dividend Share 1.5 | Earnings Share (0.05) | Revenue Per Share 7.605 | Quarterly Revenue Growth (0.05) |
The market value of Sitio Royalties Corp is measured differently than its book value, which is the value of Sitio that is recorded on the company's balance sheet. Investors also form their own opinion of Sitio Royalties' value that differs from its market value or its book value, called intrinsic value, which is Sitio Royalties' 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 Sitio Royalties' market value can be influenced by many factors that don't directly affect Sitio Royalties' 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 Sitio Royalties' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sitio Royalties is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sitio Royalties' 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.
Sitio Royalties '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 Sitio Royalties' 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 Sitio Royalties.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Sitio Royalties on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Sitio Royalties Corp or generate 0.0% return on investment in Sitio Royalties over 720 days. Sitio Royalties is related to or competes with Black Stone, Dorchester Minerals, MV Oil, VOC Energy, Kimbell Royalty, Coterra Energy, and San Juan. Sitio Royalties Corp. operates as oil and gas mineral and royalty company More
Sitio Royalties 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 Sitio Royalties' 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 Sitio Royalties Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.85 | |||
| Information Ratio | 0.047 | |||
| Maximum Drawdown | 8.57 | |||
| Value At Risk | (2.62) | |||
| Potential Upside | 3.96 |
Sitio Royalties Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sitio Royalties' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sitio Royalties' standard deviation. In reality, there are many statistical measures that can use Sitio Royalties historical prices to predict the future Sitio Royalties' volatility.| Risk Adjusted Performance | 0.083 | |||
| Jensen Alpha | 0.0921 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.052 | |||
| Treynor Ratio | 0.1881 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sitio Royalties' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Sitio Royalties Corp Backtested Returns
Currently, Sitio Royalties Corp is very steady. Sitio Royalties Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0922, which indicates the firm had a 0.0922% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sitio Royalties Corp, which you can use to evaluate the volatility of the company. Please validate Sitio Royalties' Risk Adjusted Performance of 0.083, semi deviation of 1.68, and Coefficient Of Variation of 993.92 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. Sitio Royalties has a performance score of 7 on a scale of 0 to 100. The entity has a beta of 1.04, which indicates a somewhat significant risk relative to the market. Sitio Royalties returns are very sensitive to returns on the market. As the market goes up or down, Sitio Royalties is expected to follow. Sitio Royalties Corp right now has a risk of 2.07%. Please validate Sitio Royalties sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to decide if Sitio Royalties will be following its existing price patterns.
Auto-correlation | -0.08 |
Very weak reverse predictability
Sitio Royalties Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Sitio Royalties time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 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 Sitio Royalties Corp price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Sitio Royalties price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 1.65 |
Sitio Royalties Corp lagged returns against current returns
Autocorrelation, which is Sitio Royalties 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 Sitio Royalties' stock expected returns. We can calculate the autocorrelation of Sitio Royalties returns to help us make a trade decision. For example, suppose you find that Sitio Royalties 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 |
Sitio Royalties 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 Sitio Royalties stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sitio Royalties stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sitio Royalties stock over time.
Current vs Lagged Prices |
| Timeline |
Sitio Royalties Lagged Returns
When evaluating Sitio Royalties' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sitio Royalties stock have on its future price. Sitio Royalties 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, Sitio Royalties autocorrelation shows the relationship between Sitio Royalties stock current value and its past values and can show if there is a momentum factor associated with investing in Sitio Royalties Corp.
Regressed Prices |
| Timeline |
Pair Trading with Sitio Royalties
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 Sitio Royalties 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 Sitio Royalties will appreciate offsetting losses from the drop in the long position's value.Moving together with Sitio Stock
| 0.7 | AR | Antero Resources Corp | PairCorr |
| 0.74 | EP | Empire Petroleum Corp | PairCorr |
| 0.86 | LB | LandBridge Company Upward Rally | PairCorr |
| 0.84 | PR | Permian Resources Aggressive Push | PairCorr |
Moving against Sitio Stock
| 0.7 | BRN | Barnwell Industries | PairCorr |
| 0.51 | BRY | Berry Petroleum Corp | PairCorr |
| 0.38 | APA | APA Corporation | PairCorr |
The ability to find closely correlated positions to Sitio Royalties could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sitio Royalties 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 Sitio Royalties - 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 Sitio Royalties Corp to buy it.
The correlation of Sitio Royalties 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 Sitio Royalties moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sitio Royalties Corp 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 Sitio Royalties 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 Sitio Stock Analysis
When running Sitio Royalties' price analysis, check to measure Sitio Royalties' 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 Sitio Royalties is operating at the current time. Most of Sitio Royalties' value examination focuses on studying past and present price action to predict the probability of Sitio Royalties' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sitio Royalties' price. Additionally, you may evaluate how the addition of Sitio Royalties to your portfolios can decrease your overall portfolio volatility.