Aggregated price index with volume information
- Construction stocks down -0.0% on average while median return down -0.0% in a day
- Construction stocks down 2.6% on average while median return down 2.9% in a week
- Construction stocks down 3.2% on average while median return down 6.5% 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 $AENZ 28.3%, $XIN 20.3%, $AGX 12.9%, $ELTK 11.3%, $NX 6.6%
- 1M losers are : Losers for past month are $IBP -15.1%, $BZH -15.1%, $GRBK -15.3%, $LMB -17.7%, $MTZ -21.1%
- 1W winners are : Winners for past week are $ELTK 11.8%, $GLDD 4.6%, $AGX 4.5%, $XIN 2.9%, $EVH 1.2%
- 1W losers are : Losers for past week are $LGIH -8.4%, $MTZ -9.2%, $FIX -9.2%, $AMRC -10.2%, $HOV -10.3%
Index correlation analysis
Correlation for the past month is 40.4%, for the past 3 months is 29.0%
In the past month for a 5 days rolling window, the highest corrrelation is 65.6%, the lowest correlation is 11.3%, the latest correlation is 38.3%
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 97.2% between DHI and LEN
The lowest correlation is -48.6% between AMRC and CHCI
TACOMA, Wash, Sept. 22, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), a real estate company involved in all aspects of the land development cycle, today announced Wally Walker has accepted a position with the University of Virginia as the Deputy Athletics Director and will be relocating to Virginia. As a result, Mr. Walker will be stepping down from his role on the Company’s Board of Directors ef
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