Aggregated price index
Aggregated price index with volume information
Summary:
- Generic Drug Makers stocks up 0.4% on average while median return up 0.3% in a day
- Generic Drug Makers stocks down 1.7% on average while median return down 1.8% in a week
- Generic Drug Makers stocks down 1.2% on average while median return down 3.4% 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 $AMRX 24.7%, $ANIP 23.8%, $AMPH 21.3%, $BHC 14.3%, $TARO 13.5%
- 1M losers are : Losers for past month are $RDY -10.0%, $PRGO -11.6%, $TEVA -12.6%, $EGRX -26.8%, $CHRS -39.9%
- 1W winners are : Winners for past week are $RDY 1.9%, $ACRS 1.3%, $ANIP 0.4%
- 1W losers are : Losers for past week are $COLL -3.2%, $EGRX -3.7%, $PRGO -3.8%, $CHRS -4.2%, $TEVA -5.8%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 6.2%, for the past 3 months is 12.3%
In the past month for a 5 days rolling window, the highest corrrelation is 34.4%, the lowest correlation is -7.5%, the latest correlation is 24.1%
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 66.9% between AMRX and EGRX
The lowest correlation is -63.8% between AMPH and EGRX
Stock news
In this article, we will take a look at the top 10 billionaire stocks from 10 billionaires. To see more such companies, go directly to Top 5 Billionaire Stocks From 5 Billionaires. If you want to become a billionaire, do what billionaires do. This is perhaps the most truthful cliché statements that hold true irrespective […]
In this article, we will take a look at the 10 stocks recently upgraded by analysts. If you want to see some more stocks on the list, go directly to Analysts are Upgrading These 5 Stocks. US stock markets are wavering as politicians continue their talks about the debt ceiling problem. The beginning of the week […]
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Yahoo Finance health care reporter Anjalee Khemlani discusses the ongoing investigation by the FTC of baby-formula makers, including Abbott Laboratories, Perrigo, and Nestle, on suspected collusion.
Perrigo Company plc (NYSE: PRGO), a leading provider of Consumer Self-Care Products, today announced that it is scheduled to host 1x1 investor meetings at the Oppenheimer 23rd Annual Consumer Growth & E-Commerce Conference, being conducted virtually on Tuesday, June 13th.
BRIDGEWATER, N.J., May 24, 2023--Amneal Pharmaceuticals, Inc. (NYSE: AMRX) (the "Company") today announced that Chirag Patel, Co-Chief Executive Officer and President, and Tasos Konidaris, Chief Financial Officer, will participate at the 2023 Jefferies Healthcare Conference held on June 7, 2023 in New York City. Mr. Patel will also be hosting a presentation at 2:30 PM Eastern Time and a live webcast will be accessible through the Investor Relations section of the Company's website at https://inv
Amphastar, Dr. Reddy's and Teva Pharmaceutical have been highlighted in this Industry Outlook article.
HAWTHORNE, N.Y., May 23, 2023--Taro Pharmaceutical Industries Ltd. (NYSE: TARO) ("Taro" or the "Company") today provided unaudited financial results for the quarter and year ended March 31, 2023.
Amphastar (AMPH) possesses solid growth attributes, which could help it handily outperform the market.
The impact of macroeconomic headwinds on the Zacks Medical - Generic Drugs industry persists. New product launches provide some respite to AMPH, RDY and TEVA.