Aggregated price index
Aggregated price index with volume information
Summary:
- Aluminum stocks down 0.1% on average while median return down -0.2% in a day
- Aluminum stocks down 2.8% on average while median return down 0.7% in a week
- Aluminum stocks down 19.0% on average while median return down 17.8% 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 $ARNC 1.8%
- 1M losers are : Losers for past month are $KALU -20.8%, $AA -28.2%, $CENX -38.3%
- 1W winners are : Winners for past week are $KALU 2.4%, $ARNC 1.2%
- 1W losers are : Losers for past week are $HWM -1.2%, $CENX -9.2%, $AA -9.3%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 68.4%, for the past 3 months is 59.5%
In the past month for a 5 days rolling window, the highest corrrelation is 91.9%, the lowest correlation is 15.5%, the latest correlation is 53.1%
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 87.3% between ARNC and KALU
The lowest correlation is 47.5% between ARNC and CENX
Stock news
Shares of Alcoa Corp. slumped 3.5% toward a seven-month low in afternoon trading Friday, after the aluminum producer said it will immediately start curtailing one of three smelting lines that are operating at its Warrick Operations facility in Indiana, citing "operational challenges." The company said the one line, which has an annual capacity of approximately 54,000 metric tons, is expected to be fully curtailed by the end of the day. Alcoa's stock, which is headed for the lowest close since De
PITTSBURGH, July 01, 2022--Alcoa Corporation announced today that it will begin the process to immediately curtail one of three operating smelting lines at its Warrick Operations facility in Indiana due to operational challenges.
Pittsburgh-based Alcoa Corp. announced the terms to its amended and restated existing revolving credit facility. The agreement for the $1.25 billion facility is between Alcoa Nederland Holding B.V., which is a wholly owned subsidiary of Alcoa Corp., (NYSE: AA) and a syndicate of banks. Alcoa said Thursday that it has not drawn on the facility, which has been in place since November 2016.
PITTSBURGH, June 29, 2022--Alcoa Corporation (NYSE: AA) today announced it has amended and restated its existing Revolving Credit Facility into a $1.25 billion revolving credit facility (the "Facility") with improved terms, including the addition of sustainability-linked metrics.
Today we will run through one way of estimating the intrinsic value of Kaiser Aluminum Corporation ( NASDAQ:KALU ) by...
PITTSBURGH, June 28, 2022--Alcoa Corporation plans to announce its second quarter 2022 financial results on Wednesday, July 20, 2022 after the close of trading on the New York Stock Exchange.
Alcoa (AA) closed the most recent trading day at $49.56, moving +0.41% from the previous trading session.
There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...