Aggregated price index
Aggregated price index with volume information
Summary:
- Biofuel stocks down 3.3% on average while median return down 3.8% in a day
- Biofuel stocks up 4.1% on average while median return up -0.1% in a week
- Biofuel stocks up 30.1% on average while median return up 17.9% 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 $GEVO 207.7%, $PBW 33.6%, $QCLN 30.9%, $GPRE 28.2%, $REGI 23.4%
- 1M losers are : Losers for past month are $CLMT -16.4%
- 1W winners are : Winners for past week are $GEVO 45.5%, $GPP 11.7%, $CLMT 3.1%, $REX 2.5%, $FF 1.9%
- 1W losers are : Losers for past week are $ANDE -2.3%, $PBW -2.6%, $GPRE -3.3%, $QCLN -3.4%, $REGI -5.1%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 30.7%, for the past 3 months is 27.9%
In the past month for a 5 days rolling window, the highest corrrelation is 48.7%, the lowest correlation is 3.1%, the latest correlation is 28.1%
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 95.0% between PBW and QCLN
The lowest correlation is -26.7% between CLMT and GEVO
Stock news
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