Aggregated price index
Aggregated price index with volume information
Summary:
- The momentum of the sector is very strong.
- Automobile Manufacturing stocks up 2.6% on average while median return up 0.9% in a day
- Automobile Manufacturing stocks up 8.0% on average while median return up 4.1% in a week
- Automobile Manufacturing stocks up 10.6% on average while median return up 7.8% 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 $LI 34.4%, $TSLA 30.1%, $RACE 17.4%, $F 13.7%, $NIO 10.9%
- 1M losers are : Losers for past month are $FSR -5.1%
- 1W winners are : Winners for past week are $TSLA 26.0%, $LI 18.3%, $XPEV 14.4%, $NIO 13.0%, $F 6.1%
- 1W losers are : Losers for past week are
Correlation Analysis
Index correlation analysis
Correlation for the past month is 29.6%, for the past 3 months is 39.9%
In the past month for a 5 days rolling window, the highest corrrelation is 59.1%, the lowest correlation is -8.1%, the latest correlation is 33.6%
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 89.1% between F and GM
The lowest correlation is -25.5% between TM and XPEV
Stock news
Rivian Automotive (RIVN) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
IAA (IAA) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
General Motors Company (GM) 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.
Three-time Paralympic Gold Medalist Alana Nichols is teaming up with Buckle Up for Life – a national child passenger safety program created by Toyota and Cincinnati Children's Hospital Medical Center – to promote the importance of child passenger safety in vehicles.
Shares of Ford Motor Co. (F) slipped 0.6% in premarket trading, after rallying 5.1% over the past two sessions, after The Wall Street Journal reported the automaker was in talks to sell a manufacturing plant in Germany, while Bloomberg reported the company was planning to cut 3,200 jobs in Europe. The WSJ report said Ford was in talks with China-based electric vehicle maker BYD Co. (BYDDY) (HK:1211) over the sale of the plant in Saarlouis, Germany, where Ford produces Focus model vehicles ...
Ford Motor Co is in talks with Chinese electric-vehicle maker BYD Co over the sale of a manufacturing plant in Germany, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The factory in discussion is the Saarlouis plant, where vehicle production is slated to eventually end in 2025, the WSJ report said, adding that the talks are still in a preliminary stage and may ultimately fall through. Ford, which manufactures its Focus compact model at the plant, did not i...
The consensus mark for Q4 revenues from Ford's (F) North America segment is pegged at $28.8 million, implying a year-over-year uptick of 11.6%.
Honda Motor Co Ltd (NYSE: HMC) will make organizational and operational changes, effective April 1, 2023. The automaker is set to further solidify the direction of the organizational changes made last year with an eye toward the realization of carbon neutrality by 2050. The company will create new Electrification Business Development Operations to consolidate the business strategy and BEV product development functions of the automobile business. Also Read: Honda Partners With GS Yuasa For Lithiu
Honda Motor Co said on Tuesday it would create a new division in a bid to strengthen and speed up its electrification business as part of an overhaul of its organisational structure. The shake-up is part of the automaker's bid to catch up in the fast-growing market for full electric vehicles, led by Tesla Inc and China's BYD Co. Japanese automakers have been at risk of falling behind their European and U.S. rivals in the EV market. In changes effective April 1, the new division would consolida...
TOKYO (Reuters) -Honda Motor Co said on Tuesday it would create a new division in a bid to strengthen and speed up its electrification business as part of an overhaul of its organisational structure. The shake-up is part of the automaker's bid to catch up in the fast-growing market for full electric vehicles, led by Tesla Inc and China's BYD Co. Japanese automakers have been at risk of falling behind their European and U.S. rivals in the EV market. In changes effective April 1, the new divisio...