Aggregated price index
Aggregated price index with volume information
Summary:
- Aluminum stocks up 0.9% on average while median return up 1.1% in a day
- Aluminum stocks up 1.1% on average while median return up 1.4% in a week
- Aluminum stocks up 18.4% on average while median return up 15.5% 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.
Click on + to show price series and click on ticker for stock detail page
* P/E and MarketCap are refreshed daily using IEX Cloud service. P/B, P/S, PEG, growth, short%, HelbyInstitute are refreshed weekly using Yahoo feeds. For latest stock stats please visit Yahoo Finance.
* Price Patter: / is upward trend, \ is downward trend, - is sideway. Click on the ticker to go to stock page to see Bayesian Trend model plot of the time series.
* Channel and change points are derived from Bayesian Trend model, where the channel slope is the growth rate while change points are those the model partition the time series.
- 1M winners are : Winners for past month are $CENX 27.0%, $AA 20.4%, $HWM 16.9%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are $KALU 5.6%, $HWM 3.1%, $ACH 2.3%
- 1W losers are : Losers for past week are $AA -1.6%, $CENX -3.8%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 39.8%, for the past 3 months is 45.9%
In the past month for a 5 days rolling window, the highest corrrelation is 76.1%, the lowest correlation is 10.8%, the latest correlation is 16.9%
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 75.1% between AA and CENX
The lowest correlation is 4.2% between AA and HWM
Stock news
Alcoa Corp. announced on Friday that it has made two new appointments to its executive leadership team.
PITTSBURGH, January 14, 2022--Alcoa Corporation (NYSE: AA) today announced the appointment of a Chief Commercial Officer and a Chief Strategy Officer to its Executive Leadership Team.
Baton Rouge, LA, based Investment company Louisiana State Employees Retirement System (Current Portfolio) buys Airbnb Inc, Lucid Group Inc, Fortinet Inc, Palo Alto Networks Inc, Alcoa Corp, sells Signature Bank, , SolarEdge Technologies Inc, FactSet Research Systems Inc, during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Louisiana State Employees Retirement System.
Kaiser (KALU) to reward shareholders with hiked quarterly dividend payments. The decision of the incremental rewards is in sync with the company's sound capital allocation policies.
Alcoa (AA) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
FOOTHILL RANCH, Calif., Jan. 13, 2022 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU) today announced that its Board of Directors has declared a quarterly cash dividend of $0.77 per share representing a 7% increase over the prior quarter's dividend. The dividend will be payable on February 15, 2022 to shareholders of record as of the close of business on January 24, 2022. “The Board’s decision to authorize an increase in the quarterly dividend reflects confidence in the long-term o
PITTSBURGH, January 13, 2022--The Board of Directors of Howmet Aerospace (NYSE:HWM) declared a dividend of 2 cents per share on the outstanding Common Stock of the Company, to be paid on February 25, 2022, to the holders of record of the Common Stock at the close of business on February 4, 2022.
JUST Capital, a firm that works to help companies improve how they serve their stakeholders, released its annual rankings of the most “just” public companies in the country—and several Pittsburgh names made the list.
Investment company Activest Wealth Management (Current Portfolio) buys Invesco S&P 500 Equal Weight ETF, Principal Spectrum Preferred Securities Active ETF, iShares J.P.
Juneau, AK, based Investment company State of Alaska, Department of Revenue (Current Portfolio) buys Realty Income Corp, Bio-Rad Laboratories Inc, Monolithic Power Systems Inc, Prudential Financial Inc, O'Reilly Automotive Inc, sells , Change Healthcare Inc, Texas Pacific Land Corp, McAfee Corp, General Electric Co during the 3-months ended 2021Q4, according to the most recent filings of the investment company, State of Alaska, Department of Revenue.