identifies themes and clusters of stock market movements
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-0.92%4:00PM 10/19/2020
A biofuel is a fuel that is produced through contemporary processes from biomass, rather than a fuel produced by the very slow geological processes involved in the formation of fossil fuels, such as oil.

Aggregated price index

Aggregated price index with volume information


  • Biofuel stocks down 0.9% on average while median return down 0.7% in a day
  • Biofuel stocks down 3.0% on average while median return down -0.1% in a week
  • Biofuel stocks down 1.4% on average while median return down -1.5% 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 is based on equal weighted constituencies returns,Aggregated volume information is based on sum of all constituencies volumes

Index Constituencies
  • 1M winners are : Winners for past month are $PBW 23.5%, $QCLN 22.3%, $REX 18.1%, $CLMT 17.1%, $REGI 17.1%
  • 1M losers are : Losers for past month are $CVI -17.5%, $PSX -18.9%, $VLO -19.9%, $PBF -24.5%, $APA -27.1%
  • 1W winners are : Winners for past week are $ANDE 13.7%, $GPRE 4.5%, $FF 2.3%, $CORN 2.0%, $GPP 1.9%
  • 1W losers are : Losers for past week are $VLO -9.0%, $CVI -10.8%, $REGI -12.1%, $PBF -13.0%, $DK -13.1%
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Correlation Analysis

Index correlation analysis

Correlation for the past month is 36.6%, for the past 3 months is 28.2%

In the past month for a 5 days rolling window, the highest corrrelation is 58.3%, the lowest correlation is 14.8%, the latest correlation is 37.5%

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 95.3% between PBW and QCLN

The lowest correlation is -24.2% between CVI and FUE

Stock news

    Trump Courts Iowa Farmers With Plan to Scrap Biofuel Waivers

    (Bloomberg) -- Trump administration officials have told ethanol advocates the government will reject requests by refineries to be waived from renewable fuel-usage requirements -- a bid to reinforce the president’s support in key swing states of Iowa, Wisconsin and Minnesota.The Environmental Protection Agency could reject as many as 67 of those retroactive waiver requests as soon as this week, according to four people familiar with the matter who asked not to be named prior to an announcement.Th...

    One Million Lost Power in Storm That Spawned Chicago Tornado

    (Bloomberg) -- More than one million homes and businesses lost power across the U.S. Midwest after a wall of lightning, hail and deadly winds ripped through Chicago and elsewhere, tearing apart trees and houses.The line of storms, 160 miles (257 kilometers) wide, cut a path of destruction across Iowa, Illinois and Indiana Monday. Wind gusts of 100 miles per hour and more were clocked across Iowa, damaging corn crops and knocking down silos. At least one brief tornado formed in the Rogers Park ne...

    FutureFuel Releases Second Quarter and Six-Month 2020 Results

    FutureFuel Second Quarter Net Income of $15.2 MillionReports Net Income of $15.2 Million or $0.35 per Diluted Share, and Adjusted EBITDA of $2.7 MillionCLAYTON, Mo., Aug. 07, 2020 (GLOBE NEWSWIRE) -- FutureFuel Corp. (NYSE:FF) (“FutureFuel”), a manufacturer of custom and performance chemicals and biofuels, today announced financial results for the second quarter and the six months ended June 30, 2020.Second quarter 2020 Financial Highlights (all comparisons are with the second quarter of 2019) ●...

    Green Plains Partners Reports Second Quarter 2020 Financial Results

    Results for the Second Quarter of 2020 * Net income of $10.2 million, or $0.43 per common unit * Adjusted EBITDA of $13.2 million and distributable cash flow of $11.3 million * Quarterly cash distribution of $0.12 per unit * Distribution coverage ratio of 3.99x, LTM distribution coverage ratio of 1.59x * Completed $135 million debt financingOMAHA, Neb., Aug. 03, 2020 (GLOBE NEWSWIRE) -- Green Plains Partners LP (NASDAQ:GPP) today announced financial and operating results for the second qu...

    Green Plains Reports Second Quarter 2020 Financial Results

    Results for the Second Quarter of 2020: * Net loss attributable to the company of $8.2 million, or $(0.24) per diluted share * Adjusted EBITDA of $17.9 million * Cash, cash equivalents and restricted cash of $183.6 million; $289.0 million available under working capital facilities * Industrial high-quality alcohol sales positively impacted the quarter * Green Plains Cattle Company achieved record results * Announced USP grade alcohol upgrades for Green Plains York LLC and Green Plains Wo...

    RBC: These 3 Stocks Are Poised to Benefit If Biden Wins Election

    It’s August in a leap year, and we all know what that means: the quadrennial silly season is upon us, the regular campaign for the Presidency. This year, politics are more divided than ever, and how a pundit sees the mid-term future tends to be more a function of party affiliation than skill in divination. In any case, RBC has dusted off the crystal ball, and listed the stocks that stand to gain on a Joe Biden win come the fall.In a way, this may be a no-brainer. Biden, who served nearly 40 year...

    Green Plains sues Archer Daniels Midland, alleging ethanol market manipulation

    Green Plains Inc, one of the biggest U.S. ethanol producers, sued Archer Daniels Midland Co on Tuesday, accusing the global grain trader of manipulating the price of the biofuel to profit from its positions in the derivatives market. Green Plains filed the proposed class action with the U.S. District Court of Nebraska, where it also claimed that senior ADM officials knew of the alleged manipulation. Green Plains also said ADM flooded the terminal with its barges, to choke off competitors' supp...