Aggregated price index with volume information
Summary:
- Automobile Manufacturing stocks up 1.0% on average while median return up 0.3% in a day
- Automobile Manufacturing stocks down 4.6% on average while median return down 2.3% in a week
- Automobile Manufacturing stocks up 1.1% on average while median return up -2.4% 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 $TSLA 11.9%, $XPEV 3.3%, $LI 1.2%, $RACE 0.3%
- 1M losers are : Losers for past month are $GM -3.6%, $NIO -4.5%, $TM -5.2%, $F -7.6%
- 1W winners are : Winners for past week are $XPEV 0.7%
- 1W losers are : Losers for past week are $LI -2.5%, $TSLA -8.1%, $GM -8.7%, $F -20.0%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 38.4%, for the past 3 months is 30.1%
In the past month for a 5 days rolling window, the highest corrrelation is 70.6%, the lowest correlation is 9.2%, the latest correlation is 53.9%
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 88.3% between NIO and XPEV
The lowest correlation is 0.3% between F and LI
General Motors Delays Buick's First EV; Shares Fall Intraday
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GM earnings call for the period ending June 30, 2024.
Did General Motors just call time on Detroit’s first-half boomlet? It is a full 180-degree turn: GM’s stock had been up in pre-market trading after the company announced second-quarter earnings. The largest U.S. automaker delivered a classic “beat and raise:” Adjusted operating profit and earnings per share beat analysts’ forecasts, and on the same adjusted basis it raised guidance for the full year.
Ford Motor (F) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
General Motors (GM) delivers impressive second-quarter results, with sales and earnings topping estimates. The auto giant also lifts the 2024 profit view.
General Motors (GM) released its second quarter results, which saw rising domestic EV sales, signaling that EV sales may be on the rebound in the US. GM posted adjusted earnings per share of $3.06 (beating expected $2.70 per share) and revenue of $47.97 billion ($45.51 billion expected), a 7.2% jump from last year's revenue. General Motors CFO Paul Jacobson sits down with Yahoo Finance executive editor Brian Sozzi to give insight into the company's recent performance, the auto sector at large, a...
Update: GM's Cruise Unit to Shift Focus to Chevrolet Bolt From Origin
GM is still powering toward an electric future even if EVs have become a presidential race issue, its CFO Paul Jacobson told Yahoo Finance.