Aggregated price index with volume information
- Gold Ore Mining stocks down 2.5% on average while median return down 1.9% in a day
- Gold Ore Mining stocks down 3.7% on average while median return down 3.0% in a week
- Gold Ore Mining stocks up 8.0% on average while median return up 2.2% 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 $HMY 20.9%, $CDE 15.1%, $EGO 14.6%, $BVN 10.2%, $OR 9.4%
- 1M losers are : Losers for past month are $EMX -3.4%, $BTG -3.9%, $IAG -8.5%, $FNV -13.8%, $PLL -19.7%
- 1W winners are : Winners for past week are $CMCL 0.4%, $WRN 0.4%
- 1W losers are : Losers for past week are $NGD -7.5%, $DRD -8.1%, $MTA -8.7%, $FNV -9.1%, $PLL -11.5%
Index correlation analysis
Correlation for the past month is 55.5%, for the past 3 months is 49.4%
In the past month for a 5 days rolling window, the highest corrrelation is 79.8%, the lowest correlation is 18.5%, the latest correlation is 70.4%
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 96.3% between AEM and GOLD
The lowest correlation is -11.4% between CMCL and OR
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Coeur Mining, Inc. (NYSE:CDE) Q3 2023 Earnings Call Transcript November 9, 2023 Operator: Good day and welcome to the Coeur Mining Third Quarter 2023 Financial Results Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Mitch Krebs, President and CEO. Please go ahead. […]
Metalla Royalty & Streaming Ltd. ("Metalla" or the "Company") (TSXV: MTA) (NYSE American: MTA) announces its operating and financial results for the three and nine months ended September 30, 2023. For complete details of the condensed interim consolidated financial statements and accompanying management's discussion and analysis for the three and nine months ended September 30, 2023, please see the Company's filings on SEDAR+ (www.sedarplus.ca) or EDGAR (www.sec.gov). Shareholders are encouraged