Aggregated price index with volume information
Summary:
- Construction Materials stocks down 1.3% on average while median return down 1.4% in a day
- Construction Materials stocks up 0.5% on average while median return up 0.5% in a week
- Construction Materials stocks down 6.7% on average while median return down 8.5% 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 $SND 19.0%, $SMID 0.4%
- 1M losers are : Losers for past month are $AZEK -10.7%, $EXP -11.4%, $JHX -12.2%, $SUM -16.2%, $CX -21.8%
- 1W winners are : Winners for past week are $SUM 3.4%, $USLM 2.7%, $EXP 2.5%, $LOMA 1.5%, $OC 1.2%
- 1W losers are : Losers for past week are $CPAC -0.2%, $JHX -0.6%, $SND -1.3%, $AZEK -1.7%, $CX -2.7%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 38.0%, for the past 3 months is 30.1%
In the past month for a 5 days rolling window, the highest corrrelation is 64.1%, the lowest correlation is 8.8%, the latest correlation is 36.1%
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 96.5% between MLM and VMC
The lowest correlation is -26.9% between CX and SMID
Here is how Owens Corning (OC) and PulteGroup (PHM) have performed compared to their sector so far this year.
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Every day the market offers us good investment opportunities with a variety of companies. While it can be hard work to investigate all investment opportunities on the market, in this article we can discover a great opportunity that we may not have found before. Here are three overlooked penny stocks that are worth taking a look at. Cemex (CX) Source: chomplearn / Shutterstock.com At a stock price of just under $7, Cemex (NYSE:CX) does not technically qualify for our list of overlooked penny stoc
Owens Corning (OC) closed at $134.73 in the latest trading session, marking a -0.85% move from the prior day.
Mexican cement maker Cemex is in talks to refinance its $3 billion credit facility with banks, the company confirmed to Reuters on Thursday. Bloomberg first reported the news, citing interviews with company executives. "We're in current discussions with our banks, because the biggest amount of debt that is maturing is bank debt," Chief Financial Officer Maher Al-Haffar was quoted as saying.
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MEXICO CITY (Reuters) -Mexican cement maker Cemex is in talks to refinance its $3 billion credit facility with banks, the company confirmed to Reuters on Thursday. Bloomberg first reported the news, citing interviews with company executives. "We're in current discussions with our banks, because the biggest amount of debt that is maturing is bank debt," Chief Financial Officer Maher Al-Haffar was quoted as saying.
Mexican cement maker Cemex is in talks to refinance its entire $3 billion credit facility with banks, Bloomberg reported on Thursday, citing company executives. "We're in current discussions with our banks, because the biggest amount of debt that is maturing is bank debt," Chief Financial Officer Maher Al-Haffar was quoted as saying in an interview. A "100%" extension to its revolving $3 billion bank debt line is on the cards and is "likely to transform our maturity structure quite nicely," he...
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