Aggregated price index
Aggregated price index with volume information
Summary:
- Commercial Banking stocks down 3.3% on average while median return down 3.5% in a day
- Commercial Banking stocks down 1.5% on average while median return down 1.6% in a week
- Commercial Banking stocks down 18.3% on average while median return down 15.8% 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.
Click on + to show price series and click on ticker for stock detail page
* P/E and MarketCap are refreshed daily using IEX Cloud service. P/B, P/S, PEG, growth, short%, HelbyInstitute are refreshed weekly using Yahoo feeds. For latest stock stats please visit Yahoo Finance.
* Price Patter: / is upward trend, \ is downward trend, - is sideway. Click on the ticker to go to stock page to see Bayesian Trend model plot of the time series.
* Channel and change points are derived from Bayesian Trend model, where the channel slope is the growth rate while change points are those the model partition the time series.
- 1M winners are : Winners for past month are $BNKD 70.5%, $FNGU 21.7%, $FNGO 18.9%, $NRGD 9.3%, $FNGS 8.0%
- 1M losers are : Losers for past month are $FFWM -50.4%, $WAL -55.9%, $PACW -62.6%, $FRC -89.1%, $SI -91.9%
- 1W winners are : Winners for past week are $UBCP 18.4%, $CZFS 11.7%, $NIB 11.1%, $FNGO 10.9%, $NRGU 10.4%
- 1W losers are : Losers for past week are $FNCB -12.3%, $FRBK -19.6%, $FFWM -20.7%, $SI -42.9%, $FRC -57.2%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 44.7%, for the past 3 months is 36.5%
In the past month for a 5 days rolling window, the highest corrrelation is 57.3%, the lowest correlation is 4.2%, the latest correlation is 57.3%
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 93.9% between AMTB and BANR
The lowest correlation is -28.2% between BBDO and BCM
Stock news
STAMFORD, Conn., March 22, 2023--Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, announced today that it has raised its prime lending rate to 8.00 percent from 7.75 percent, effective March 23, 2023.
U.S. Treasury Secretary Janet Yellen said that banks across the United States are worried about contagion and have been shoring up liquidity to protect themselves from runs prompted by the failures of Silicon Valley Bank and Signature Bank. Yellen told a Senate Appropriations subcommittee hearing that over the past two weeks, many mid-sized banks expressed "great concern" to the Treasury about their uninsured deposits. "Many of these banks felt very skittish about their potential to suffer run...
SAN FRANCISCO, March 22, 2023--Wells Fargo Bank, N.A., said today it is increasing its prime rate to 8.00 percent from 7.75 percent, effective tomorrow, March 23, 2023.
The U.S. is headed for a de facto nationalization of the banking system if we don’t fix deposit insurance, Karen Petrou writes.
BIRMINGHAM, Ala., March 22, 2023--Regions Bank announced it is increasing the Regions prime lending rate to 8.00% effective March 23.
PNC Bank, N.A., announced an increase in its prime lending rate. The new rate of 8.00% is effective tomorrow, March 23, 2023.