Texas Pacific Land Stock Market Value
| TPL Stock | USD 1,637 64.92 4.13% |
| Symbol | Texas |
Texas Pacific Land 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 Texas Pacific. If investors know Texas 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 Texas Pacific 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 0.011 | Dividend Share 4.603 | Earnings Share 19.48 | Revenue Per Share 29.861 | Quarterly Revenue Growth 0.099 |
The market value of Texas Pacific Land is measured differently than its book value, which is the value of Texas that is recorded on the company's balance sheet. Investors also form their own opinion of Texas Pacific's value that differs from its market value or its book value, called intrinsic value, which is Texas Pacific'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 Texas Pacific's market value can be influenced by many factors that don't directly affect Texas Pacific'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 Texas Pacific's value and its price as these two are different measures arrived at by different means. Investors typically determine if Texas Pacific is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Texas Pacific'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.
Texas Pacific '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 Texas Pacific'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 Texas Pacific.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Texas Pacific on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Texas Pacific Land or generate 0.0% return on investment in Texas Pacific over 180 days. Texas Pacific is related to or competes with Magnolia Oil, Civitas Resources, California Resources, Matador Resources, Chord Energy, Diamondback Energy, and Antero Resources. Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses More
Texas Pacific 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 Texas Pacific'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 Texas Pacific Land upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.74 | |||
| Information Ratio | 0.3026 | |||
| Maximum Drawdown | 20.86 | |||
| Value At Risk | (2.87) | |||
| Potential Upside | 4.47 |
Texas Pacific Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Texas Pacific's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Texas Pacific's standard deviation. In reality, there are many statistical measures that can use Texas Pacific historical prices to predict the future Texas Pacific's volatility.| Risk Adjusted Performance | 0.2715 | |||
| Jensen Alpha | 0.8775 | |||
| Total Risk Alpha | 0.5687 | |||
| Sortino Ratio | 0.3292 | |||
| Treynor Ratio | 0.8374 |
Texas Pacific Land Backtested Returns
Texas Pacific is very steady given 3 months investment horizon. Texas Pacific Land owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.34, which indicates the firm had a 0.34% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.04% are justified by taking the suggested risk. Use Texas Pacific Land Risk Adjusted Performance of 0.2715, semi deviation of 1.91, and Coefficient Of Variation of 290.16 to evaluate company specific risk that cannot be diversified away. Texas Pacific holds a performance score of 27 on a scale of zero to a hundred. The entity has a beta of 1.22, which indicates 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, Texas Pacific will likely underperform. Use Texas Pacific Land expected short fall, as well as the relationship between the rate of daily change and period momentum indicator , to analyze future returns on Texas Pacific Land.
Auto-correlation | 0.73 |
Good predictability
Texas Pacific Land has good predictability. Overlapping area represents the amount of predictability between Texas Pacific time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 Texas Pacific Land price movement. The serial correlation of 0.73 indicates that around 73.0% of current Texas Pacific price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 59.7 K |
Texas Pacific Land lagged returns against current returns
Autocorrelation, which is Texas Pacific 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 Texas Pacific's stock expected returns. We can calculate the autocorrelation of Texas Pacific returns to help us make a trade decision. For example, suppose you find that Texas Pacific 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 |
Texas Pacific 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 Texas Pacific stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Texas Pacific stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Texas Pacific stock over time.
Current vs Lagged Prices |
| Timeline |
Texas Pacific Lagged Returns
When evaluating Texas Pacific's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Texas Pacific stock have on its future price. Texas Pacific 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, Texas Pacific autocorrelation shows the relationship between Texas Pacific stock current value and its past values and can show if there is a momentum factor associated with investing in Texas Pacific Land.
Regressed Prices |
| Timeline |
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Texas Pacific 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.