Aggregated price index with volume information
Summary:
- Auto Parts: OEM stocks up 1.4% on average while median return up 1.2% in a day
- Auto Parts: OEM stocks up 0.2% on average while median return up 0.3% in a week
- Auto Parts: OEM stocks up 3.1% on average while median return up 2.6% 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 $CAAS 24.3%, $CPS 17.7%, $MOD 8.1%, $LEA 6.8%, $VC 5.5%
- 1M losers are : Losers for past month are $MPAA -1.1%, $DAN -2.7%, $SUP -4.1%, $GNTX -6.9%, $ALV -8.8%
- 1W winners are : Winners for past week are $CAAS 11.9%, $STRT 4.5%, $VC 3.3%, $AXL 3.1%, $LEA 2.7%
- 1W losers are : Losers for past week are $MPAA -3.8%, $SUP -3.8%, $CPS -4.5%, $GNTX -6.4%, $GTX -7.6%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 32.3%, for the past 3 months is 29.8%
In the past month for a 5 days rolling window, the highest corrrelation is 60.5%, the lowest correlation is 13.6%, the latest correlation is 35.1%
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 85.4% between LEA and MGA
The lowest correlation is -56.3% between ALV and CAAS
Magna (MGA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
American Axle (AXL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
While the top- and bottom-line numbers for Gentex (GNTX) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Gentex (GNTX) delivered earnings and revenue surprises of -28.85% and 8.08%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?
Cooper Standard (NYSE: CPS) will participate in the J.P. Morgan 2024 Auto Conference in New York City on Thursday, Aug. 8.
On a per-share basis, the Zeeland, Michigan-based company said it had profit of 37 cents. The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
ZEELAND, Mich., July 26, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass and fire protection technologies, today reported financial results for the three and six months ended June 30, 2024. 2nd Quarter 2024 Summary Net sales of $572.9 millionGross profit margin of 32.9%Income from operations of $114.9 millionNet income of $86.0 millionEarnings per diluted share of $0.37 For the second quarter of 2024, the Company rep
American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) will hold a conference call to discuss second quarter financial results and other related matters at 10:00 a.m. ET on Friday, August 9, 2024. A press release announcing the results will be issued before the market opens on the same day and will be available at www.aam.com.
In the latest trading session, Aptiv PLC (APTV) closed at $67.83, marking a +1.12% move from the previous day.
Modine (MOD) closed the most recent trading day at $99.73, moving +1.04% from the previous trading session.