Aggregated price index with volume information
Summary:
- Battery stocks up 0.6% on average while median return up 0.1% in a day
- Battery stocks up 1.0% on average while median return up 1.1% in a week
- Battery stocks down 7.5% on average while median return down 6.4% 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
- 1M losers are : Losers for past month are $ENR -8.9%, $JCI -9.9%, $ALB -14.4%
- 1W winners are : Winners for past week are $SQM 5.1%, $QS 4.0%, $TSLA 2.2%
- 1W losers are : Losers for past week are $ENR -2.2%, $JCI -3.5%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 22.6%, for the past 3 months is 23.5%
In the past month for a 5 days rolling window, the highest corrrelation is 66.5%, the lowest correlation is -1.1%, the latest correlation is 29.6%
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 73.7% between ALB and SQM
The lowest correlation is -33.6% between ENR and JCI
In this article, we will take a look at the 14 best rare earth stocks and ETFs. To see more such companies, go directly to 5 Best Rare Earth Stocks and ETFs. Rare earth metals industry sees a lot of volatility since commodity prices are subject to move rapidly on the back of supply and […]
Albemarle will pay nine figures to settle charges of bribery schemes that took place over the course of eight years, the U.S. Department of Justice has announced.
The supplier of lithium and other materials has agreed to pay more than $218 million to settle an investigation into bribes paid by third-party sales representatives.
Albemarle Corp will pay more than $218 million, including more than $103 million to financial regulators, to settle a U.S. probe into its scheme to bribe government officials in multiple foreign countries, the Department of Justice said on Friday. As part of the resolution, the global chemical company admitted to using third parties "to pay bribes to government officials to obtain and retain chemical catalyst business with state-owned oil refineries in Vietnam, Indonesia, and India," taking in ...
WASHINGTON (Reuters) -Albemarle Corp will pay more than $218 million, including more than $103 million to financial regulators, to settle a U.S. probe into its scheme to bribe government officials in multiple foreign countries, the Department of Justice said on Friday. As part of the resolution, the global chemical company admitted to using third parties "to pay bribes to government officials to obtain and retain chemical catalyst business with state-owned oil refineries in Vietnam, Indonesia, ...
Albemarle Corp will pay more than $218 million, including more than $103 million to financial regulators, to settle a U.S. probe into its scheme to bribe government officials in multiple foreign countries, the Department of Justice said on Friday. As part of resolution, the chemical company admitted to using third-parties "to pay bribes to government officials to obtain and retain chemical catalyst business with state-owned oil refineries in Vietnam, Indonesia, and India," the department said.
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