Aggregated price index with volume information
Summary:
- Auto Parts: OEM stocks up 2.4% on average while median return up 2.1% in a day
- Auto Parts: OEM stocks up 2.4% on average while median return up 2.6% in a week
- Auto Parts: OEM stocks down 2.5% on average while median return down 4.4% 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 $SUP 38.1%, $CAAS 4.5%, $AXL 1.9%, $MOD 1.6%, $ALV 0.2%
- 1M losers are : Losers for past month are $THRM -11.1%, $SRI -11.8%, $SYPR -15.7%, $LI -17.0%, $MPAA -28.7%
- 1W winners are : Winners for past week are $MOD 15.6%, $ALV 6.5%, $AXL 6.2%, $ADNT 5.5%, $SUP 5.5%
- 1W losers are : Losers for past week are $CAAS -3.6%, $LI -5.1%, $SYPR -10.8%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 36.3%, for the past 3 months is 29.1%
In the past month for a 5 days rolling window, the highest corrrelation is 54.3%, the lowest correlation is -1.7%, the latest correlation is 26.5%
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 86.9% between DAN and MGA
The lowest correlation is -52.4% between GNTX and SYPR
DUBLIN, April 26, 2024--Vasu Jakkal Joins Aptiv's Board of Directors
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.
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Gentex (GNTX) delivered earnings and revenue surprises of 0% and 1.71%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
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ZEELAND, Mich., April 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 months ended March 31, 2024. 1st Quarter 2024 Summary Net sales of $590.2 million, a new quarterly sales record, and a 7% increase compared to the first quarter of 2023Gross profit margin of 34.3%, an increase of 260 basis points from the first quarter of 2023Incom