Aggregated price index with volume information
Summary:
- Direct Property and Casualty Insurance Carriers stocks up 1.1% on average while median return up 0.6% in a day
- Direct Property and Casualty Insurance Carriers stocks up 3.0% on average while median return up 1.9% in a week
- Direct Property and Casualty Insurance Carriers stocks up 6.0% on average while median return up 4.2% 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 $ROOT 118.4%, $HRTG 54.3%, $HCI 18.9%, $KINS 17.1%, $PLMR 11.6%
- 1M losers are : Losers for past month are $AMSF -5.1%, $UFCS -7.6%, $AMBC -7.7%, $AGO -8.2%, $JRVR -10.3%
- 1W winners are : Winners for past week are $ROOT 18.0%, $KINS 15.0%, $JRVR 10.1%, $THG 6.8%, $ALL 6.7%
- 1W losers are : Losers for past week are $WTM -0.6%, $NODK -0.8%, $ERIE -1.4%, $KFS -1.7%, $AGO -4.8%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 12.2%, for the past 3 months is 11.8%
In the past month for a 5 days rolling window, the highest corrrelation is 29.0%, the lowest correlation is -1.9%, the latest correlation is 16.6%
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 80.6% between FAF and FNF
The lowest correlation is -79.3% between AGO and LMND
Returns to Profitability and Achieves Combined Ratio of 89.5% in 4Q23;Issues Initial Guidance for FY2024 KINGSTON, NY / ACCESSWIRE / March 27, 2024 / Kingstone Companies, Inc. (NASDAQ:KINS) (the "Company" or "Kingstone"), a Northeast regional property ...
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KINGSTON, NY / ACCESSWIRE / March 25, 2024 / Kingstone Insurance Company, a subsidiary of Kingstone Companies, Inc. (Nasdaq:KINS), a Northeast regional property and casualty insurance holding company, today announced that it has partnered with Zojacks, ...
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