Aggregated price index with volume information
Summary:
- Construction Materials stocks up 1.9% on average while median return up 1.8% in a day
- Construction Materials stocks up 0.7% on average while median return up 0.5% in a week
- Construction Materials stocks down 5.5% on average while median return down 5.4% 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 $SND 6.2%, $USLM 1.5%, $OC 1.0%
- 1M losers are : Losers for past month are $CRH -8.7%, $SUM -8.8%, $JHX -10.0%, $CPAC -16.9%, $SMID -18.1%
- 1W winners are : Winners for past week are $USLM 4.5%, $LOMA 3.5%, $SND 3.0%, $OC 2.5%, $EXP 1.9%
- 1W losers are : Losers for past week are $MLM -0.1%, $CRH -0.5%, $CX -1.5%, $SMID -5.8%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 43.8%, for the past 3 months is 26.3%
In the past month for a 5 days rolling window, the highest corrrelation is 57.5%, the lowest correlation is 1.2%, the latest correlation is 57.5%
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 92.8% between MLM and VMC
The lowest correlation is -45.7% between CPAC and SND
CHICAGO, April 18, 2024--The AZEK Company Inc. (NYSE: AZEK) ("AZEK" or the "Company"), the industry-leading manufacturer of beautiful, low-maintenance and environmentally sustainable outdoor living products, including TimberTech® decking and railing, Versatex® and AZEK® Trim, and StruXure® pergolas, is proud to announce that the new TimberTech Composite Terrain+ CollectionTM has been recognized for its innovative design and performance characteristics as well as its sustainability attributes, re
CHICAGO, April 17, 2024--The AZEK Company Inc. (NYSE: AZEK) ("AZEK" or the "Company"), the industry-leading manufacturer of beautiful, low-maintenance and environmentally sustainable outdoor living products, including TimberTech® decking and railing, Versatex® and AZEK® Trim, and StruXure® pergolas, today announced that it will release its fiscal second quarter 2024 results after the market closes on Wednesday, May 8, 2024. That same day, the Company will hold a conference call to discuss the re
Martin Marietta (MLM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Armstrong World (AWI) benefits from its buyouts, digital initiatives and new product launches.
L1 Capital, an investment management firm, released its “L1 Long Short Fund” first quarter 2024 investor letter, a copy of the same can be downloaded here. As U.S. economic data continued to surprise to the upside in comparison to market expectations, equity markets saw a gain throughout the March quarter. The portfolio returned 7.4% for the […]
JD.com, Owens Corning, Royal Caribbean Cruises, Toyota Motor and Pilgrim's Pride have been highlighted in this Value Investor article.
In the closing of the recent trading day, The AZEK Company (AZEK) stood at $46.20, denoting a -0.13% change from the preceding trading day.
Eagle Materials (EXP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Shares of homebuilders and building products firms are tumbling after the Census Bureau's tally of housing starts showed a big decline in March. Housing starts fell 14.7% from February to a seasonally adjusted annual rate of 1.47 million, a bad sign heading into the spring building season that suggests mortgage rates' recent climb toward 7% is taking a toll on demand. It has been a sharp reversal for shares of homebuilders and companies that manufacture and distribute building products.
This is one of Tracey's favorite value stock screens.