Kimbell Royalty Partners Stock Technical Analysis
KRP Stock | USD 16.13 0.09 0.56% |
As of the 29th of April, Kimbell Royalty secures the Risk Adjusted Performance of 0.1251, mean deviation of 0.7191, and Downside Deviation of 0.8751. Kimbell Royalty Partners technical analysis lets you operate historical price patterns with an objective to determine a pattern that forecasts the direction of the firm's future prices. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to interpolate data for nineteen technical drivers for Kimbell Royalty, which can be compared to its peers in the industry. Please verify Kimbell Royalty Partners coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and semi variance to decide if Kimbell Royalty Partners is priced some-what accurately, providing market reflects its recent price of 16.13 per share. Given that Kimbell Royalty Partners has jensen alpha of 0.1159, we recommend you to check Kimbell Royalty's last-minute market performance to make sure the company can sustain itself at a future point.
Kimbell Royalty Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Kimbell, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to KimbellKimbell |
Kimbell Royalty Analyst Consensus
Target Price | Advice | # of Analysts | |
22.33 | Strong Buy | 6 | Odds |
Most Kimbell analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Kimbell stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Kimbell Royalty Partners, talking to its executives and customers, or listening to Kimbell conference calls.
Kimbell Royalty 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.
Kimbell Royalty Partners Technical Analysis
The output start index for this execution was fourty with a total number of output elements of twenty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Kimbell Royalty Partners volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Kimbell Royalty Partners Trend Analysis
Use this graph to draw trend lines for Kimbell Royalty Partners. You can use it to identify possible trend reversals for Kimbell Royalty as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Kimbell Royalty price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Kimbell Royalty Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Kimbell Royalty Partners applied against its price change over selected period. The best fit line has a slop of 0.03 , which may imply that Kimbell Royalty Partners will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 30.41, which is the sum of squared deviations for the predicted Kimbell Royalty price change compared to its average price change.About Kimbell Royalty Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Kimbell Royalty Partners on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Kimbell Royalty Partners based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Kimbell Royalty Partners price pattern first instead of the macroeconomic environment surrounding Kimbell Royalty Partners. By analyzing Kimbell Royalty's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Kimbell Royalty's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Kimbell Royalty specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2022 | 2024 (projected) | Dividend Yield | 0.13 | 0.14 | 0.18 | Price To Sales Ratio | 3.09 | 3.17 | 3.49 |
Kimbell Royalty April 29, 2024 Technical Indicators
Most technical analysis of Kimbell help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Kimbell from various momentum indicators to cycle indicators. When you analyze Kimbell charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.1251 | |||
Market Risk Adjusted Performance | 0.2898 | |||
Mean Deviation | 0.7191 | |||
Semi Deviation | 0.6359 | |||
Downside Deviation | 0.8751 | |||
Coefficient Of Variation | 510.31 | |||
Standard Deviation | 0.8758 | |||
Variance | 0.7669 | |||
Information Ratio | 0.0941 | |||
Jensen Alpha | 0.1159 | |||
Total Risk Alpha | 0.0504 | |||
Sortino Ratio | 0.0942 | |||
Treynor Ratio | 0.2798 | |||
Maximum Drawdown | 4.25 | |||
Value At Risk | (1.31) | |||
Potential Upside | 1.51 | |||
Downside Variance | 0.7659 | |||
Semi Variance | 0.4044 | |||
Expected Short fall | (0.80) | |||
Skewness | (0.21) | |||
Kurtosis | (0.35) |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kimbell Royalty Partners. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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When running Kimbell Royalty's price analysis, check to measure Kimbell 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 Kimbell Royalty is operating at the current time. Most of Kimbell Royalty's value examination focuses on studying past and present price action to predict the probability of Kimbell 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 Kimbell Royalty's price. Additionally, you may evaluate how the addition of Kimbell Royalty to your portfolios can decrease your overall portfolio volatility.
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Is Kimbell Royalty's industry 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 Kimbell Royalty. If investors know Kimbell 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 Kimbell 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 (0.72) | Dividend Share 1.68 | Earnings Share 0.91 | Revenue Per Share 4.102 | Quarterly Revenue Growth 0.291 |
The market value of Kimbell Royalty Partners is measured differently than its book value, which is the value of Kimbell that is recorded on the company's balance sheet. Investors also form their own opinion of Kimbell Royalty's value that differs from its market value or its book value, called intrinsic value, which is Kimbell 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 Kimbell Royalty's market value can be influenced by many factors that don't directly affect Kimbell 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 Kimbell Royalty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kimbell Royalty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kimbell 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.