Aggregated price index with volume information
Summary:
- Construction Materials stocks up 3.1% on average while median return up 2.9% in a day
- Construction Materials stocks up 2.7% on average while median return up 2.8% in a week
- Construction Materials stocks up 8.6% on average while median return up 7.4% 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 $SMID 19.8%, $USLM 17.9%, $EXP 14.7%, $CRH 12.1%, $SUM 12.0%
- 1M losers are : Losers for past month are $LOMA -2.7%
- 1W winners are : Winners for past week are $SMID 8.8%, $EXP 7.0%, $USLM 5.5%, $CX 4.4%, $OC 4.2%
- 1W losers are : Losers for past week are $JHX -0.8%, $SND -2.7%, $LOMA -3.1%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 43.2%, for the past 3 months is 34.9%
In the past month for a 5 days rolling window, the highest corrrelation is 66.0%, the lowest correlation is -2.8%, the latest correlation is 66.0%
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 96.9% between MLM and VMC
The lowest correlation is -30.9% between CPAC and CX
DUBLIN, July 23, 2024-- 23rd July 2024
LIMA, Peru, July 23, 2024--Cementos Pacasmayo S.A.A. and subsidiaries (NYSE: CPAC; BVL: CPACASC1) ("the Company" or "Pacasmayo"), a leading cement company serving the Peruvian construction industry, announced today its consolidated results for the second quarter ("2Q24") and the first six months of the year ("6M24"). These results have been prepared in accordance with International Financial Reporting Standards ("IFRS") and are stated in Soles (S/).
ATLANTA, July 22, 2024--CRH today announced the acquisition of Ary Corporation, a leading provider of building materials solutions headquartered in Canon City, Colorado. This acquisition expands CRH’s Americas Materials Solutions business in the state of Colorado, enhancing its ability to provide integrated solutions to customers in Colorado and surrounding states.
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