Aggregated price index with volume information
Summary:
- The momentum of the sector is very strong.
- Forest Products stocks up 3.5% on average while median return up 3.3% in a day
- Forest Products stocks up 6.6% on average while median return up 7.2% in a week
- Forest Products stocks up 19.4% on average while median return up 18.1% 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 $JELD 30.4%, $BCC 19.3%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are $LPX 9.6%, $BCC 7.8%
- 1W losers are : Losers for past week are
Correlation Analysis
Index correlation analysis
Correlation for the past month is 78.5%, for the past 3 months is 50.4%
In the past month for a 5 days rolling window, the highest corrrelation is 94.0%, the lowest correlation is -6.8%, the latest correlation is 87.2%
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 93.3% between BCC and UFPI
The lowest correlation is 56.4% between LPX and TREX
NASHVILLE, Tenn., July 23, 2024--LP Building Solutions (LP), a leading manufacturer of high-performance building products, today released its 2024 Sustainability Report. This comprehensive report highlights LP’s continued leadership in sustainability through five key pillars: Governance, People, Environment, Products, and Community.
Louisiana-Pacific (NYSE:LPX) has had a great run on the share market with its stock up by a significant 22% over the...
Louisiana-Pacific (LPX) concluded the recent trading session at $89.02, signifying a +0.12% move from its prior day's close.
Let's dig into the relative performance of Trex (NYSE:TREX) and its peers as we unravel the now-completed Q1 home construction materials earnings season.
In the closing of the recent trading day, Louisiana-Pacific (LPX) stood at $88.91, denoting a -0.61% change from the preceding trading day.
As the Q1 earnings season wraps, let's dig into this quarter's best and worst performers in the home construction materials industry, including American Woodmark (NASDAQ:AMWD) and its peers.
MICHIGAN CITY, Ind., July 17, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) Horizon Bancorp, Inc. (“Horizon” or the “Company”) announced the appointments on June 18, 2024 of Michele A. Samuels and Brian C. Walker to serve as independent directors on the Board of its wholly owned subsidiary, Horizon Bank. Samuels is Senior Vice President, General Auditor & Compliance Officer at Blue Cross Blue Shield of Michigan (BCBSM), headquartered in Detroit. She joined BCBSM in 1990 and has served in her curren
Let's dig into the relative performance of Simpson (NYSE:SSD) and its peers as we unravel the now-completed Q1 home construction materials earnings season.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how JELD-WEN (NYSE:JELD) and the rest of the home construction materials stocks fared in Q1.
Louisiana-Pacific (LPX) benefits from solid Siding business trends, business transformation initiatives, and shareholder rewards. Yet, fluctuating OSB prices and higher cost structure mar prospects.