Aggregated price index with volume information
Summary:
- General Warehousing and Storage stocks down 0.1% on average while median return down -0.5% in a day
- General Warehousing and Storage stocks down 1.2% on average while median return down -0.2% in a week
- General Warehousing and Storage stocks up 7.9% on average while median return up 5.2% 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 $AXR 21.8%, $SELF 9.4%, $WHLM 5.4%
- 1M losers are : Losers for past month are $BEST -0.2%
- 1W winners are : Winners for past week are $AXR 2.0%, $SELF 1.0%, $WHLM 0.5%
- 1W losers are : Losers for past week are $BEST -0.2%, $MGRC -1.2%, $VVI -9.6%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 9.6%, for the past 3 months is 4.8%
In the past month for a 5 days rolling window, the highest corrrelation is 39.3%, the lowest correlation is -10.1%, the latest correlation is -9.3%
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 38.9% between MGRC and WHLM
The lowest correlation is -28.6% between BEST and SELF
MGRC earnings call for the period ending June 30, 2024.
LIVERMORE, Calif. AP) — McGrath RentCorp (MGRC) on Thursday reported net income of $20.6 million in its second quarter. The Livermore, California-based company said it had net income of 84 cents per share.
LIVERMORE, Calif., July 25, 2024--McGrath RentCorp ("McGrath" or the "Company") (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced total revenues from continuing operations for the quarter ended June 30, 2024 of $212.6 million, an increase of 5% compared to the second quarter of 2023. The Company reported net income from continuing operations of $20.6 million, or $0.84 per diluted share, for the second quarter of 2024, compared to net income from cont
AMREP's (AXR) overall top line benefits from revenue growth in the majority of the revenue sources.
HAVERTOWN, Pa., July 23, 2024 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE:AXR) today reported net income of $6,690,000, or $1.25 per diluted share, for its 2024 fiscal year ended April 30, 2024 compared to net income of $21,790,000, or $4.11 per diluted share, for the same period of the prior year. Revenues were $51,369,000 for fiscal 2024 and $48,676,000 for fiscal 2023. Results for 2024 included revenue of $7,200,000 from the sale of property in Brighton, Colorado. Results for 2023 included a
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MILLBROOK, NY / ACCESSWIRE / July 11, 2024 /Global Self Storage, Inc. (NASDAQ:SELF), a real estate investment trust that owns, operates, manages, acquires, and redevelops self-storage properties, has extended its $15 million revolving credit facility ...
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SCOTTSDALE, Ariz., July 09, 2024--VIAD CORP SCHEDULES SECOND QUARTER 2024 EARNINGS CALL
LIVERMORE, Calif., July 01, 2024--McGrath RentCorp ("McGrath" or the "Company") (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced plans to release financial results for its second quarter ending June 30, 2024, after the close of regular market trading on Thursday, July 25, 2024.