Aggregated price index with volume information
Summary:
- Clean Energy Operator stocks down 1.2% on average while median return down 1.1% in a day
- Clean Energy Operator stocks up 3.2% on average while median return up 3.5% in a week
- Clean Energy Operator stocks down 2.5% on average while median return down -2.8% 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 $AY 9.5%, $NEE 8.9%, $CEPU 7.7%, $CWEN 7.2%, $POR 6.8%
- 1M losers are : Losers for past month are $CIG -2.4%, $KEP -7.5%, $ELLO -8.6%, $EBR -15.2%, $NOVA -33.9%
- 1W winners are : Winners for past week are $CEPU 9.7%, $AY 9.5%, $NEP 7.8%, $NEE 4.5%, $KEP 3.7%
- 1W losers are : Losers for past week are $EBR -0.6%, $CIG -1.2%, $NOVA -2.8%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 29.9%, for the past 3 months is 23.1%
In the past month for a 5 days rolling window, the highest corrrelation is 44.8%, the lowest correlation is -3.2%, the latest correlation is 28.9%
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 81.0% between FTS and POR
The lowest correlation is -34.8% between AZRE and CWEN
CMS Energy's (CMS) Q1 operating revenues of $2.18 billion lag the Zacks Consensus Estimate by 7.3%. The top line is also down 4.7% on a year-over-year basis.
Invest in utility mutual funds like BULIX, FRUAX and FKTUX for steady returns and reduction of risk in a volatile market.
Falling interest rates and accelerating demand for renewable energy should drive these dividend stocks higher.
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