Morningstar Partners, Lp Stock Market Value
| TXO Stock | 17.92 0.32 1.75% |
| Symbol | MorningStar |
MorningStar Partners, 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 MorningStar Partners,. If investors know MorningStar 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 MorningStar Partners, 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 (0.98) | Dividend Share 2.38 | Earnings Share (6.03) | Revenue Per Share 8.647 | Quarterly Revenue Growth (0.02) |
The market value of MorningStar Partners, is measured differently than its book value, which is the value of MorningStar that is recorded on the company's balance sheet. Investors also form their own opinion of MorningStar Partners,'s value that differs from its market value or its book value, called intrinsic value, which is MorningStar Partners,'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 MorningStar Partners,'s market value can be influenced by many factors that don't directly affect MorningStar Partners,'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 MorningStar Partners,'s value and its price as these two are different measures arrived at by different means. Investors typically determine if MorningStar Partners, is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MorningStar Partners,'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.
MorningStar Partners, '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 MorningStar Partners,'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 MorningStar Partners,.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in MorningStar Partners, on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding MorningStar Partners, LP or generate 0.0% return on investment in MorningStar Partners, over 30 days. MorningStar Partners, is related to or competes with Devon Energy, ConocoPhillips, Occidental Petroleum, Permian Resources, EOG Resources, Coterra Energy, and Range Resources. MorningStar Partners, is entity of United States More
MorningStar Partners, 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 MorningStar Partners,'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 MorningStar Partners, LP upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 7.52 | |||
| Value At Risk | (2.75) | |||
| Potential Upside | 3.18 |
MorningStar Partners, Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MorningStar Partners,'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MorningStar Partners,'s standard deviation. In reality, there are many statistical measures that can use MorningStar Partners, historical prices to predict the future MorningStar Partners,'s volatility.| Risk Adjusted Performance | 0.0026 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MorningStar Partners,'s 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.
MorningStar Partners, Backtested Returns
MorningStar Partners, has Sharpe Ratio of -0.0437, which conveys that the firm had a -0.0437% return per unit of risk over the last 3 months. MorningStar Partners, exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MorningStar Partners,'s Mean Deviation of 1.16, risk adjusted performance of 0.0026, and Standard Deviation of 1.61 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.63, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, MorningStar Partners,'s returns are expected to increase less than the market. However, during the bear market, the loss of holding MorningStar Partners, is expected to be smaller as well. At this point, MorningStar Partners, has a negative expected return of -0.071%. Please make sure to verify MorningStar Partners,'s maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and relative strength index , to decide if MorningStar Partners, performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.48 |
Average predictability
MorningStar Partners, LP has average predictability. Overlapping area represents the amount of predictability between MorningStar Partners, time series from 26th of October 2024 to 10th of November 2024 and 10th of November 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 MorningStar Partners, price movement. The serial correlation of 0.48 indicates that about 48.0% of current MorningStar Partners, price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
MorningStar Partners, lagged returns against current returns
Autocorrelation, which is MorningStar Partners, 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 MorningStar Partners,'s stock expected returns. We can calculate the autocorrelation of MorningStar Partners, returns to help us make a trade decision. For example, suppose you find that MorningStar Partners, 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 |
MorningStar Partners, 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 MorningStar Partners, stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MorningStar Partners, stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MorningStar Partners, stock over time.
Current vs Lagged Prices |
| Timeline |
MorningStar Partners, Lagged Returns
When evaluating MorningStar Partners,'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MorningStar Partners, stock have on its future price. MorningStar Partners, 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, MorningStar Partners, autocorrelation shows the relationship between MorningStar Partners, stock current value and its past values and can show if there is a momentum factor associated with investing in MorningStar Partners, LP.
Regressed Prices |
| Timeline |
Pair Trading with MorningStar Partners,
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 MorningStar Partners, 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 MorningStar Partners, will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to MorningStar Partners, could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MorningStar Partners, 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 MorningStar Partners, - 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 MorningStar Partners, LP to buy it.
The correlation of MorningStar Partners, 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 MorningStar Partners, moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MorningStar 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 MorningStar Partners, 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.Check out MorningStar Partners, Correlation, MorningStar Partners, Volatility and MorningStar Partners, Alpha and Beta module to complement your research on MorningStar Partners,. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
MorningStar Partners, 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.