Aggregated price index
Aggregated price index with volume information
- Construction Materials stocks up 1.2% on average while median return up 0.2% in a day
- Construction Materials stocks up 1.1% on average while median return up -0.1% in a week
- Construction Materials stocks up 12.3% on average while median return up 13.1% 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 $USCR 49.2%, $SUM 23.1%, $AZEK 17.9%, $VMC 15.7%, $CX 15.1%
- 1M losers are : Losers for past month are $CPAC -1.0%, $SND -7.4%, $LOMA -10.4%
- 1W winners are : Winners for past week are $CX 7.7%, $SMID 7.4%, $USCR 5.7%, $CPAC 4.9%, $OC 4.8%
- 1W losers are : Losers for past week are $VMC -0.9%, $MLM -1.6%, $SND -2.0%, $CRH -6.0%, $LOMA -7.9%
Index correlation analysis
Correlation for the past month is 28.7%, for the past 3 months is 28.6%
In the past month for a 5 days rolling window, the highest corrrelation is 47.6%, the lowest correlation is -0.8%, the latest correlation is 13.8%
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 96.2% between MLM and VMC
The lowest correlation is -42.7% between JHX and USLM
Investors need to look beyond the chaos to economic growth as more stimulus arrives and the pandemic recedes. Yet tax increases and greater regulation also loom under Biden.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
“They’re not as strong as they once were,”. MKM Partners’ Chief Market Technician, JC O’Hara said that, homebuilding stocks have been the “best charts coming out of the March 2020’s low” but now, their positive momentum is experiencing a halt as the trend turned ‘flat’ and continues to move sideways. “If you look at the […]
While the Returns-Focused Growth Plan & robust housing market fundamentals are likely to have aided KB Home's (KBH) fiscal Q4 performance to some extent, COVID-led disruptions may have been woes.
The stock market gave back a good chunk of Wednesday's gains following political strife in Washington, D.C., leaving the stock market indexes mixed.
The Georgia runoff elections signaling Democratic Senate control will have huge implications for tax and spending policy and the stock market outlook.
It's the day after the Georgia Senate elections, and all of a sudden, infrastructure stocks are hot again -- with a particular emphasis on stocks involved in building energy infrastructure. As of 1 p.m. EST, shares of electric car charging network operator Blink Charging (NASDAQ: BLNK) are surging 7.8% higher and Vulcan Materials Company (NYSE: VMC) stock is up 9.8%, while a cumbersomely named small-cap stock called Infrastructure & Energy Alternatives (NASDAQ: IEA) is beating them both with a ...
The construction industry supplier got a boost from an analyst call that sees good things ahead for the stock.
Owens-Corning (NYSE:OC) declared a dividend payable on January 22, 2021 to its shareholders as of December 3, 2020. It was also announced that shareholders of Owens-Corning's stock as of January 8, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Owens-Corning, whose current dividend payout is $0.26, has an ex-dividend date set at January 7, 2021. The payout equates to a dividend yield of 1.44% at current price levels.Unders...