Aggregated price index with volume information
Summary:
- Forest Products stocks down 1.3% on average while median return down 1.5% in a day
- Forest Products stocks up 0.7% on average while median return up -0.1% in a week
- Forest Products stocks down 8.6% on average while median return down 3.9% 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 $LPX 5.8%
- 1M losers are : Losers for past month are $JELD -12.2%, $TREX -23.4%
- 1W winners are : Winners for past week are $TREX 4.4%, $UFPI 1.0%
- 1W losers are : Losers for past week are $JELD -0.6%, $LPX -1.4%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 67.8%, for the past 3 months is 67.7%
In the past month for a 5 days rolling window, the highest corrrelation is 94.0%, the lowest correlation is 44.6%, the latest correlation is 92.4%
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 84.8% between BCC and JELD
The lowest correlation is 27.7% between LPX and TREX
UFP Industries, Louisiana-Pacific and JELD-WEN are part of the Zacks Industry Outlook article.
NASHVILLE, Tenn., August 12, 2024--LP Building Solutions (LP), a leading manufacturer of high-performance building products, today announced the awarding of more than 75 college scholarships to the children of LP team members for the 2024–2025 academic year.
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More infrastructure spending, focus on product innovation and efficient cost management are encouraging for the Zacks Building Products Wood industry players like UFPI, LPX and JELD despite a challenging macroeconomic backdrop.
Investors need to pay close attention to Trex (TREX) stock based on the movements in the options market lately.
Louisiana-Pacific ( NYSE:LPX ) Second Quarter 2024 Results Key Financial Results Revenue: US$814.0m (up 33% from 2Q...
JELD-WEN Holding, Inc. ("JELD-WEN") (NYSE: JELD) today announced that it has priced its previously announced offering of $350 million of 7.00% senior unsecured notes due 2032 (the "Notes") in a private placement exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). Net proceeds from the offering will be used to fund the (i) redemption of all of the outstanding 4.625% Senior Notes due 2025 previously issued by JELD-WEN, Inc., the main operating subsidiary o
Louisiana-Pacific's (LPX) second-quarter 2024 results reflect solid demand trends across the Siding and OSB segments, partially offset by soft contributions from the LPSA segment. Also, declining costs and expenses aided the bottom line.