Aggregated price index with volume information
- Agricultural Commodities/Milling stocks up 0.8% on average while median return up 0.1% in a day
- Agricultural Commodities/Milling stocks up 0.4% on average while median return up -1.2% in a week
- Agricultural Commodities/Milling stocks up 0.7% on average while median return up -3.0% in a month
- When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.
Aggregated price index (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.
- 1M winners are : Winners for past month are $SANW 15.6%, $SNDL 14.5%, $LND 14.1%, $CRON 7.0%, $ALCO 5.4%
- 1M losers are : Losers for past month are $ELAN -9.4%, $TLRY -10.2%, $MGPI -12.9%, $OGI -13.7%, $DAR -16.9%
- 1W winners are : Winners for past week are $SANW 41.2%, $MGPI 4.8%, $LMNR 3.0%, $AGRO 2.9%, $LND 1.4%
- 1W losers are : Losers for past week are $HUGE -2.4%, $CRON -3.8%, $DAR -3.8%, $ALCO -4.1%, $OGI -12.0%
Index correlation analysis
Correlation for the past month is 8.6%, for the past 3 months is 9.6%
In the past month for a 5 days rolling window, the highest corrrelation is 35.0%, the lowest correlation is -3.7%, the latest correlation is 12.0%
When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.
Among pairwise correlation, the highest correlation is 90.6% between CRON and SNDL
The lowest correlation is -57.1% between SNDL and VITL
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