Aggregated price index
Aggregated price index with volume information
Summary:
- Forest Products stocks up 0.3% on average while median return up 0.1% in a day
- Forest Products stocks down 0.5% on average while median return down 2.8% in a week
- Forest Products stocks down 3.5% on average while median return down -1.3% 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 $LPX 1.8%, $BCC 1.6%
- 1M losers are : Losers for past month are $UFPI -3.5%, $JELD -11.5%
- 1W winners are : Winners for past week are $JELD 4.9%, $TREX 3.4%
- 1W losers are : Losers for past week are $UFPI -3.5%, $LPX -4.6%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 57.9%, for the past 3 months is 60.9%
In the past month for a 5 days rolling window, the highest corrrelation is 85.8%, the lowest correlation is 34.8%, the latest correlation is 75.9%
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 75.6% between BCC and LPX
The lowest correlation is 38.6% between JELD and LPX
Stock news
Baron Funds, an asset management firm, published its “Baron Small Cap Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. Baron Small Cap Fund (the “Fund”) did poorly in the first quarter, on both an absolute and relative basis. The Fund was down 15.68% (Institutional Shares), trailing the Russell […]
UFP Industries (NASDAQ:UFPI) has had a rough three months with its share price down 12%. However, stock prices are...
Louisiana-Pacific Corporation ( NYSE:LPX ), is not the largest company out there, but it saw a double-digit share price...
KBR to support the modernization and sustainment of the Air Force Life Cycle Management Center.
Weyerhaeuser (WY) benefits from solid timberlands business.
The mean of analysts' price targets for Louisiana-Pacific (LPX) points to a 26.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
GEO, LPX, and GASS made it to the Zacks Rank #1 (Strong Buy) value stocks list on May 19, 2022.
11-inch Aluminum-lined Butyl Tape Protects Structural Integrity of Critical Connection Point TREX® SEAL™ LEDGER TAPE The makers of Trex® RainEscape® have introduced Trex® Seal™ Ledger Tape, an 11”-wide aluminum-lined butyl tape specifically engineered for use on the ledger board of a deck and is AAMA 711-13 compliant. TREX® SEAL™ LEDGER TAPE The makers of Trex® RainEscape® have introduced Trex® Seal™ Ledger Tape, an 11”-wide aluminum-lined butyl tape specifically engineered for use on the ledger
Should investors be excited or worried when a stock crosses above the 20-day simple moving average?