Aggregated price index with volume information
Summary:
- General Medical and Surgical Hospitals stocks up 0.2% on average while median return up 0.1% in a day
- General Medical and Surgical Hospitals stocks up 3.5% on average while median return up 2.4% in a week
- General Medical and Surgical Hospitals stocks down 1.6% on average while median return down 6.7% 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 $RHE 18.0%, $EHC 6.1%, $PNTG 4.7%
- 1M losers are : Losers for past month are $HCA -7.5%, $THC -8.3%, $UHS -8.7%, $MD -9.5%, $SGRY -18.0%
- 1W winners are : Winners for past week are $CYH 18.5%, $UHS 5.5%, $ACHC 4.9%, $EHC 4.1%, $THC 3.2%
- 1W losers are : Losers for past week are $ENSG -0.9%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 41.3%, for the past 3 months is 29.8%
In the past month for a 5 days rolling window, the highest corrrelation is 64.0%, the lowest correlation is 0.9%, the latest correlation is 32.4%
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 91.0% between HCA and THC
The lowest correlation is -25.7% between RHE and UHS
SAN JUAN CAPISTRANO, Calif., April 26, 2024 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the EnsignTM 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 first quarter 2024 financial results on Wednesday, May 1, 2024. Conference Call Ensign invites current and prospectiv
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FORT LAUDERDALE, Fla., April 22, 2024--Pediatrix Medical Group 2024 First Quarter Conference Call/Webcast Scheduled for Tuesday, May 7, 2024
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Acadia Healthcare (ACHC) inaugurates an acute care hospital in Mesa, AZ, to cater to patients struggling with addiction and mental health issues in the area.
MESA, Ariz., April 11, 2024--Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced the opening of its newest acute care hospital, Agave Ridge Behavioral Hospital, located at 3322 S. Ellsworth Road, in Mesa, Arizona. A ribbon-cutting ceremony was held today to mark its grand opening. The first patient admissions are expected to follow in the coming days as the hospital completes its final preparations to provide care for those in need.