Aggregated price index with volume information
Summary:
- The momentum of the sector is very strong.
- General Medical and Surgical Hospitals stocks up 2.5% on average while median return up 1.8% in a day
- General Medical and Surgical Hospitals stocks up 10.1% on average while median return up 9.1% in a week
- General Medical and Surgical Hospitals stocks up 18.4% on average while median return up 12.7% 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 $CYH 69.1%, $SGRY 36.0%, $PNTG 29.9%, $NHC 26.9%, $ENSG 18.3%
- 1M losers are : Losers for past month are $ACHC -0.7%
- 1W winners are : Winners for past week are $CYH 35.0%, $UHS 18.2%, $THC 13.8%, $SGRY 10.2%, $HCA 10.1%
- 1W losers are : Losers for past week are $RHE -3.6%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 32.4%, for the past 3 months is 25.5%
In the past month for a 5 days rolling window, the highest corrrelation is 53.4%, the lowest correlation is 0.7%, the latest correlation is 0.7%
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 77.9% between EHC and THC
The lowest correlation is -29.9% between CYH and RHE
Ensign Group (ENSG) delivered earnings and revenue surprises of 2.33% and 1.97%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?
The San Juan Capistrano, California-based company said it had profit of $1.22 per share. Earnings, adjusted for one-time gains and costs, came to $1.32 per share. The results exceeded Wall Street expectations.
Conference Call and Webcast scheduled for tomorrow, July 26, 2024 at 10:00 am PTSAN JUAN CAPISTRANO, Calif., July 25, 2024 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the Ensign(TM) group of companies, which provide post-acute healthcare services and invest in the long-term healthcare industry, primarily in skilled nursing and senior living facilities, announced operating results for the second quarter of 2024, reporting GAAP diluted earnings per share of $1.
Investors need to pay close attention to Pediatrix Medical (MD) stock based on the movements in the options market lately.
EAGLE, Idaho, July 23, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of operating subsidiaries that provide home health, hospice and senior living services, announced today that it expects to issue its second quarter 2024 financial results on Tuesday, August 6, 2024. Pennant invites current and prospective investors to tune into a live webcast to be held the following day, Wednesday, August 7, 2024, at 10:00 a.m. Mountain Time (12:00 p.m. Eastern Time), duri
SAN JUAN CAPISTRANO, Calif., July 23, 2024 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the Ensign™ group of companies, which invest in and provide skilled nursing and senior living services, physical, occupational and speech therapies, other rehabilitative and healthcare services, and real estate, announced today that it expects to issue its second quarter 2024 financial results on Thursday, July 25, 2024. Conference Call Ensign invites current and prospectiv
Investors need to pay close attention to Acadia Healthcare (ACHC) stock based on the movements in the options market lately.
FORT LAUDERDALE, Fla., July 18, 2024--Pediatrix Medical Group 2024 Second Quarter Conference Call/Webcast Scheduled for Tuesday, August 6, 2024
Investor-owned psychiatric hospital chains increasingly operate under nonprofit brands, a strategy that has raised eyebrows among industry analysts and healthcare advocates. Universal Health Services (NYSE:UHS) and Acadia Healthcare Company, Inc. (NASDAQ:ACHC) are prominent players. STAT News’ investigation reveals that a Columbus Police sergeant called for action against Mt. Carmel Behavioral Health, run by Acadia Healthcare, highlighting a series of alarming incidents at the psychiatric hospit
FRANKLIN, Tenn., July 16, 2024--Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced that it will release its second quarter 2024 results on Wednesday, July 31, 2024, after the close of the market. Acadia will conduct a conference call with institutional investors and analysts at 9:00 a.m. ET on Thursday, August 1, 2024. A live broadcast of the conference call will be available at www.acadiahealthcare.com in the "Investors" section of the website. The webcast of the conference call wil