Aggregated price index
Aggregated price index with volume information
Summary:
- Commercial Banking stocks up 0.5% on average while median return up 0.7% in a day
- Commercial Banking stocks up 1.3% on average while median return up 1.1% in a week
- Commercial Banking stocks up 8.5% on average while median return up 9.1% 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 $BAP 33.1%, $LYG 29.9%, $BNKU 29.3%, $TBBK 27.7%, $BCS 26.5%
- 1M losers are : Losers for past month are $FNGO -7.9%, $VXX -9.7%, $FNGU -10.5%, $BNKD -25.3%, $NRGD -47.7%
- 1W winners are : Winners for past week are $TBBK 17.7%, $ITCB 16.0%, $WF 11.9%, $KB 11.6%, $GAZ 9.1%
- 1W losers are : Losers for past week are $JPM -5.5%, $FRC -5.9%, $LOB -10.3%, $GLBZ -13.4%, $NRGD -18.3%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 18.4%, for the past 3 months is 21.4%
In the past month for a 5 days rolling window, the highest corrrelation is 35.9%, the lowest correlation is 7.0%, the latest correlation is 7.0%
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 95.5% between AMJ and ATMP
The lowest correlation is -51.5% between AMAL and AUBAP
Stock news
Three of the largest U.S. banks reported their results. Key points are that loan growth remains a wild card, costs are higher, and trading is weak.
Colin Stewart, Quant Insight Head of Americas, and Jay Hatfield, InfraCap Founder and CEO, join Yahoo Finance Live to discuss the S&P outlook, the Fed, inflation, and yield curves, in addition to commenting on Jamie Dimon's predictions for interest rate hikes.
JPMorgan, Wells Fargo and Citigroup earnings beat Q4 forecasts before the open. Bank stocks were mixed early Friday.
SB Financial Group, Inc. (NASDAQ: SBFG), a diversified financial services company providing full-service community banking, mortgage banking, wealth management, private client and title insurance services, expects to release its fourth quarter 2021 financial results on Thursday, January 27, 2022, after the close of the market. The company will hold a related conference call and webcast on Friday, January 28, at 11:00 a.m. EDT.
Citigroup Inc Chief Executive Jane Fraser faces a struggle to convince skeptical analysts and investors that she can turn the bank around despite overseeing a radical overhaul in less than a year at the helm. Fraser took over at the helm of the Wall Street bank in February 2021, tasked with transforming a business whose share price had lagged rivals like JPMorgan Chase & Co and Bank of America during her predecessor Michael Corbat's eight years at the helm. The bank announced plans to exit non...
(Bloomberg) -- Oil posted a fourth straight weekly gain, the longest winning streak since October, on signs that the market is tightening as global consumption withstands the impact of the omicron virus variant.Most Read from BloombergCannabis Compounds Prevented Covid Infection in Laboratory StudyFrequent Boosters Spur Warning on Immune ResponseSupreme Court Blocks Biden’s Shot-or-Test Rule for WorkersSay Goodbye to Self-Isolating, WFH Mandates, Mass TestingDjokovic’s Australian Visa Canceled A
Breaking financial news from Investopedia including financial markets, retail reports, and cryptocurrencies,
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Citigroup Inc.Global Credit Research - 14 Jan 2022New York, January 14, 2022 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Citigroup Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 11 January 2022 in which Moody's reassessed the appropriateness of the ratings ...
While big U.S. bank bosses were optimistic on the economic outlook on Friday, pointing to an uptick in some lending businesses and a jump in consumer spending, investors were skeptical on the growth outlook for the sector. JPMorgan Chase & Co, Citigroup Inc and Wells Fargo & Co, bellwethers of the U.S. economy, reported combined profits of $19 billion for the fourth quarter, each comfortably beating analyst estimates. Bank shares across the board were down 2.1%, with only Wells Fargo bucking t...
Citigroup Inc Chief Executive Jane Fraser faces a struggle to convince skeptical analysts and investors that she can turn the bank around despite overseeing a radical overhaul in less than a year at the helm. Fraser took over at the helm of the Wall Street bank in February 2021, tasked with transforming a business whose share price had lagged rivals like JPMorgan Chase & Co and Bank of America during her predecessor Michael Corbat's eight years at the helm. The bank announced plans to exit non...