MARKET COMPOSITE
Construction Stocks12-02-2024 20:02:00 PM
Price
$142.85
+ 1.73%
The list of companies include ACA-Arcosa Inc, AGX-Argan, Inc., AMRC-Ameresco Inc., APG-APi Group Corporation, AWI-Armstrong World Industries Inc., BLD-TopBuild Corp, BZH-Beazer Homes USA Inc., CCS-Century Communities Inc, CHCI-Comstock Holding Co. Inc, DHI-D.R. Horton Inc., DY-Dycom Industries, Inc., ELTK-Eltek Ltd, EME-Emcor Group, Inc., EVH-Evolent Health Inc, FIX-Comfort Systems USA, Inc., FPH-Five Point Holdings LLC, GLDD-Great Lakes Dredge & Dock Corporation, GRBK-Green Brick Partners Inc, GVA-Granite Construction Inc., HCDI-Harbor Custom Development Inc, HOV-Hovnanian Enterprises, Inc., IBP-Installed Building Products Inc, IESC-IES Holdings Inc, JOE-St. Joe Co., KBH-KB Home, KBR-KBR Inc, LEN-Lennar Corp., LGIH-LGI Homes Inc, LMB-Limbach Holdings Inc, MDC-M.D.C. Holdings, Inc.
* Latest intraday update before market close @ 19:45:37 PM 07/12/2024
Summary
:
Average return is up 2.0%
Median return is up 1.9%
43 out of 48 stocks are up (limited to those with intraday pricing feeds).
Top Movers
:
DHI + 2.9%IESC + 2.9%JOE + 2.9%TMHC + 3.3%KBH + 3.6%STRS + 3.6%MTZ + 3.7%GRBK + 4.0%STRL + 4.4%AGX + 4.8%BZH + 5.7%AMRC + 6.4%

Aggregated price index with volume information

Summary:

  • Construction stocks up 1.7% on average while median return up 1.8% in a day
  • Construction stocks up 9.5% on average while median return up 8.9% in a week
  • Construction stocks up 4.4% on average while median return up 5.9% 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.

Related Stocks
Ticker
1d
7d
30d
PE Ratio
PE/G
P/B (mrq)
P/S (ttm)
Earning Growth
MarketCap
Short %
Held By Institutions %
RSI
Price Pattern
Resist Support
Days Since Channel Change
Channel Slope (daily rate %)
AMRC5.5%
22.1%
-3.9%
1.965.933.016%1.1B5%73%61/-\Above resistance233-0.2%
BZH5.1%
17.4%
10.3%
5.941.660.980.29131%970.4M4%78%66/\/2330.1%
STRL4.4%
7.6%
7.3%
25.561.032.270.43239%3.8B6%87%58/-/2330.5%
AGX4.1%
6.3%
-2.5%
26.762.332.251.841B2%87%59/-\/Above resistance2330.3%
STRS3.9%
13.5%
17.3%
1.814.16229.4M4%57%75/\/\Above resistance163-0.1%
MTZ3.6%
7.0%
0.4%
-790.012.053.481.1181%8.5B9%83%54/\-At resistance4640.0%
GRBK3.3%
20.0%
19.3%
9.753.911.701.1363%2.9B6%87%72/\/Above resistance2330.1%
KBH3.2%
15.5%
12.7%
10.080.471.420.9962%5.7B6%91%67/\/At resistance2330.2%
TMHC2.8%
14.0%
10.5%
8.720.310.960.566.5B4%96%70/\/2330.1%
DHI2.7%
13.4%
10.2%
10.460.532.501.3493%50.6B3%84%68/\/2330.1%
JOE2.7%
8.3%
7.0%
41.694.6413.923.4B2%90%66/\/2330.1%
LEN2.6%
12.1%
5.0%
10.850.841.571.24151%43.6B4%96%64/\/4640.3%
CCS2.5%
16.4%
13.4%
10.060.651.540.59289%2.9B9%90%68/\/2330.1%
DY2.4%
5.6%
0.1%
23.062.62.680.705.2B6%94%64/-/Above resistance2330.3%
MYRG2.2%
10.1%
0.1%
28.322.143.260.63101%2.4B3%93%57/\/-Below support2330.1%
PHM2.2%
11.9%
4.8%
9.310.392.121.2349%24.5B4%90%62/\/At support2330.2%
CHCI2.1%
2.1%
5.1%
10.451.6561.4M2%6%51-/At support610.3%
BLD2.0%
14.6%
9.5%
21.780.854.232.1218%13.7B4%99%66/\/2330.3%
IESC2.0%
12.2%
25.3%
23.583.600.88106%3.2B1%83%66/\/At resistance2330.8%
TPH1.9%
14.2%
11.4%
10.98-11.921.140.75122%3.9B6%103%71/\/3560.2%
* 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.
Detail Performance Summary
  • 1M winners are : Winners for past month are $IESC 25.3%, $TPC 22.4%, $GRBK 19.3%, $STRS 17.3%, $XIN 14.6%
  • 1M losers are : Losers for past month are $AGX -2.5%, $AMRC -3.9%, $NX -5.6%, $ELTK -9.7%, $EVH -14.5%
  • 1W winners are : Winners for past week are $AMRC 22.1%, $GRBK 20.0%, $LGIH 19.2%, $BZH 17.4%, $MHO 17.3%
  • 1W losers are : Losers for past week are $EVH -1.5%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 47.9%, for the past 3 months is 35.3%

In the past month for a 5 days rolling window, the highest corrrelation is 64.2%, the lowest correlation is 10.7%, the latest correlation is 59.3%

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 95.9% between DHI and KBH

The lowest correlation is -43.4% between AENZ and AGX

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