Aggregated price index with volume information
Summary:
- Commercial Banking stocks down 0.5% on average while median return down 0.5% in a day
- Commercial Banking stocks down 3.4% on average while median return down 3.9% in a week
- Commercial Banking stocks down 3.1% on average while median return down 4.5% 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 (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 $SMFG 16.3%, $MUFG 15.4%, $CATC 15.1%, $MFG 13.4%, $FNGD 12.1%
- 1M losers are : Losers for past month are $CBU -14.0%, $FNGU -14.2%, $BRBS -17.9%, $PNBK -18.0%, $MCB -19.5%
- 1W winners are : Winners for past week are $CATC 19.6%, $FNGD 15.6%, $BNKD 14.0%, $VXX 10.6%, $NRGD 9.0%
- 1W losers are : Losers for past week are $MBCN -10.6%, $BBDO -11.3%, $BNKU -12.6%, $FNGU -14.4%, $FFWM -16.0%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 26.8%, for the past 3 months is 27.7%
In the past month for a 5 days rolling window, the highest corrrelation is 37.2%, the lowest correlation is 7.7%, the latest correlation is 11.4%
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 97.3% between AMNB and AUB
The lowest correlation is -49.0% between AUBN and BAC
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WEST DES MOINES, Iowa, Sept. 22, 2023 (GLOBE NEWSWIRE) -- West Bancorporation, Inc. (Nasdaq: WTBA) (the “Company”), parent company of West Bank, will report its results for the third quarter of 2023 on Thursday, October 26, 2023 before the markets open. The Company will discuss its results in a conference call scheduled for 2:00 p.m. Central Time on Thursday, October 26, 2023. The telephone number for the conference call is 888-300-4030. The conference ID for the conference call is 3218904. A re
Citigroup has warned UK-based employees of the likelihood of redundancies as the lender pushes ahead with a sweeping reorganisation, according to a memo seen by Reuters on Friday, a move that could affect hundreds of jobs in the country. The bank, which has about 16,000 employees in the UK, said it was moving into phase two of its plans to rationalise its banking structure and as part of that would set up a consultation process whereby employees can give their feedback.
Citigroup has warned UK-based employees of the likelihood of redundancies as the lender pushes ahead with a sweeping reorganisation, according to a memo seen by Reuters on Friday, a move that could affect hundreds of jobs in the country. The bank, which has about 16,000 employees in the UK, said it was moving into phase two of its plans to rationalise its banking structure and as part of that would set up a consultation process whereby employees can give their feedback.
The Federal Reserve's forecast of elevated rates in years to come could place more pressure on banks to rely on expensive brokered deposits known as 'hot money.'
LONDON (Reuters) -Citigroup has warned UK-based employees of the likelihood of redundancies as the lender pushes ahead with a sweeping reorganisation, according to a memo seen by Reuters on Friday, a move that could affect hundreds of jobs in the country. The bank, which has about 16,000 employees in the UK, said it was moving into phase two of its plans to rationalise its banking structure and as part of that would set up a consultation process whereby employees can give their feedback.
Citigroup has warned U.K-based employees of the likelihood of redundancies as the lender pushes ahead with a sweeping reorganisation, according to a memo seen by Reuters on Friday, a move that could affect hundreds of jobs in the country. The bank, which has about 16,000 employees in the UK, said it was moving into phase two of its plans to rationalise its banking structure and as part of that would set up a consultation process whereby employees can give their feedback. The bank did not tell ...
In a recent vote echoing fiscal measures previously seen in Italy, the Dutch lower house of parliament has approved an increase in the bank tax, a move that has had a significant impact on the stock values of Dutch banks ABN Amro NV and ING Groep (AS:INGA) NV. This decision, taken today, is aimed at providing financial assistance to lower-income households.