Aggregated price index
Aggregated price index with volume information
Summary:
- Finance/Rental/Leasing stocks up 1.6% on average while median return up 1.4% in a day
- Finance/Rental/Leasing stocks down 1.9% on average while median return down 1.2% in a week
- Finance/Rental/Leasing stocks down 9.4% on average while median return down 7.6% 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.
Click on + to show price series and click on ticker for stock detail page
* P/E and MarketCap are refreshed daily using IEX Cloud service. P/B, P/S, PEG, growth, short%, HelbyInstitute are refreshed weekly using Yahoo feeds. For latest stock stats please visit Yahoo Finance.
* Price Patter: / is upward trend, \ is downward trend, - is sideway. Click on the ticker to go to stock page to see Bayesian Trend model plot of the time series.
* Channel and change points are derived from Bayesian Trend model, where the channel slope is the growth rate while change points are those the model partition the time series.
- 1M winners are : Winners for past month are $LX 17.3%, $QFIN 15.4%, $CNF 8.8%, $FINV 8.6%, $ASPS 4.9%
- 1M losers are : Losers for past month are $OPRT -24.3%, $RCII -25.0%, $MOGO -29.5%, $CURO -32.0%, $HYRE -44.1%
- 1W winners are : Winners for past week are $GHLD 6.2%, $OCN 6.0%, $TVC 5.7%, $CPSS 3.9%, $PFSI 3.8%
- 1W losers are : Losers for past week are $CURO -12.1%, $RCII -14.1%, $HYRE -16.5%, $EOSE -16.8%, $CNF -17.2%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 27.0%, for the past 3 months is 21.1%
In the past month for a 5 days rolling window, the highest corrrelation is 31.9%, the lowest correlation is 8.9%, the latest correlation is 19.8%
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 94.9% between ALLY and ENVA
The lowest correlation is -53.6% between ACY and ASPS
Stock news
Paychex's (PAYX) efforts to capitalize on the rising opportunities in the professional employer organization industry look impressive. Acquisitions help boost revenue growth.
Last late-week rally in the markets quickly faded and this week is ending with declines in the major stock indexes. It’s the classic patter on the dead cat bounce, a brief recovery that is followed by more losses, and it has investors worried that there is no bottom in sight. Writing from the global markets strategy team, where he takes a broader look at the worldwide market situation, JPMorgan’s Marko Kolanovic lays out the headwinds running against US investors: “First and foremost, an unprece
Investors need to pay close attention to Avis Budget (CAR) stock based on the movements in the options market lately.
Smart investors are currently taking advantage of the market sell-off to buy stocks at discounted prices.
The median sales prices of existing homes in the U.S. surpassed $400,000 for the first time in May. That marks a record-breaking 123 consecutive months in which existing home prices have increased on a year-over-year basis, and the situation may not improve anytime soon. National Association of Realtors (NAR) Chief Economist Lawrence Yun recently said inventory levels would need to "almost double" to cool home price appreciation. Not surprisingly, some of that demand is spilling over into mult...
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...
Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) Chief Executive Officer Warren Buffett has built his fame by not only beating the returns of the S&P 500 significantly, but also by driving returns in challenging market environments. The trend seems to have continued as Berkshire Hathaway has outperformed the S&P over the last year.
The Oracle of Omaha knows how to beat inflation. So ride his coattails.
Credit Acceptance, and Encore Capital Group are part of Zacks Industry Outlook article.