Aggregated price index with volume information
Summary:
- Building Products stocks down 0.3% on average while median return down 0.5% in a day
- Building Products stocks up 2.1% on average while median return up 1.7% in a week
- Building Products stocks down 4.5% on average while median return down 6.3% 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 $NSSC 9.4%, $WSO 4.7%, $APOG 4.5%, $JELD 3.1%, $LYTS 2.8%
- 1M losers are : Losers for past month are $PATK -9.7%, $BLDR -10.5%, $TILE -10.6%, $NX -11.3%, $SSD -14.5%
- 1W winners are : Winners for past week are $JELD 14.4%, $WSO 10.5%, $NSSC 9.2%, $LYTS 8.5%, $ASPN 6.0%
- 1W losers are : Losers for past week are $PFIE -2.7%, $TGLS -2.9%, $MAS -3.3%, $AOS -4.5%, $SSD -6.2%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 34.1%, for the past 3 months is 34.0%
In the past month for a 5 days rolling window, the highest corrrelation is 60.5%, the lowest correlation is 9.5%, the latest correlation is 24.8%
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 87.2% between BLD and IBP
The lowest correlation is -36.1% between PFIE and PLPC
TAMPA, Fla., April 25, 2024--Masonite International Corporation (NYSE: DOOR) ("Masonite") today announced that its shareholders have voted to approve the Company’s proposed transaction with Owens Corning at its Special Meeting of Shareholders. As previously announced, under the terms of the transaction, Masonite shareholders will receive $133.00 per share in cash in connection with the closing of the transaction.
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Otis Worldwide Corporation (NYSE:OTIS) Q1 2024 Earnings Call Transcript April 24, 2024 Otis Worldwide Corporation beats earnings expectations. Reported EPS is $0.88, expectations were $0.87. OTIS isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning and welcome to Otis’ […]
Comprehensive Overview of Fiscal 2024 Third Quarter Performance
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