Aggregated price index with volume information
Summary:
- Gold Ore Mining stocks up 3.2% on average while median return up 2.7% in a day
- Gold Ore Mining stocks up 0.9% on average while median return up 0.6% in a week
- Gold Ore Mining stocks up 11.4% on average while median return up 10.1% 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 $CDE 42.6%, $MUX 31.6%, $NEM 27.7%, $IAG 20.1%, $SA 18.6%
- 1M losers are : Losers for past month are $WRN -0.3%, $CMCL -4.3%, $PLL -5.2%
- 1W winners are : Winners for past week are $NEM 12.6%, $CDE 8.6%, $MUX 8.2%, $BVN 5.6%, $KGC 3.4%
- 1W losers are : Losers for past week are $DRD -2.7%, $AU -3.9%, $MTA -5.0%, $NG -5.5%, $PLL -8.2%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 45.3%, for the past 3 months is 44.2%
In the past month for a 5 days rolling window, the highest corrrelation is 67.9%, the lowest correlation is 11.9%, the latest correlation is 45.8%
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 94.4% between AU and HMY
The lowest correlation is -31.4% between CMCL and MTA
Precious metals have been in an uptrend for year-to-date on the back of multiple factors. With the bull run likely to sustain, it’s a good time to buy precious metal penny stocks for quick returns. Let’s first talk about the catalysts for upside in gold and silver. First, despite relatively stubborn inflation, multiple rate cuts are on the cards in the next 12 months. Easy money policies translate into a weaker dollar, which is positive for gold and silver. Further, globally, geopolitical tensio
North Carolina regulators have approved a state mining permit for Tesla supplier Piedmont Lithium to develop one of the largest U.S. sources of the key electric vehicle battery metal, although key financing and local regulatory challenges remain. The approval from the North Carolina Department of Environmental Quality, which was announced by the company on Monday and is conditional on the posting of a $1 million reclamation bond, removes one major hurdle to Piedmont's plans to tap a large lithi...
(Reuters) -North Carolina regulators have approved a state mining permit for Tesla supplier Piedmont Lithium to develop one of the largest U.S. sources of the key electric vehicle battery metal, although key financing and local regulatory challenges remain. The approval from the North Carolina Department of Environmental Quality, which was announced by the company on Monday and is conditional on the posting of a $1 million reclamation bond, removes one major hurdle to Piedmont's plans to tap a ...
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ST HELIER, Jersey, April 10, 2024 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or "the Company") (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announces that it received notification on April 9, 2024 from BlackRock, Inc. that on April 8, 2024 it had crossed a threshold for notification of a relevant change (as defined by the AIM Rules for Companies). A copy of the notification is below. Enquiries: Caledonia Mining Corporation PlcMark LearmonthCamilla Horsfall Tel: +44 1534 67
ST HELIER, Jersey, April 10, 2024 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("the Company" or "Caledonia") (NYSE AMERICAN, AIM and VFEX: CMCL) announces that following the vesting of long-term incentive plan awards (“LTIPs”) on April 2, 2024, which were awarded under the Company’s 2015 Omnibus Equity Incentive Compensation Plan (the "Plan"), a total of 335 common shares of no par value in the Company are being issued to members of staff within the Company's group (none of whom are "Pe
Robust production and increased gold sales at Blanket MineST HELIER, Jersey, April 10, 2024 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or "the Company") (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announces gold production from the Blanket Mine in Zimbabwe ("Blanket") for the quarter ended March 31, 2024 ("Q1 2024" or "the Quarter"). All production numbers are expressed on a 100 per cent basis and are based on the final assay at the refiners. The increased Q1 2024 product
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VANCOUVER, British Columbia, April 09, 2024 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or the “Company”) today provides the following updates on the tax impacts in Turkiye related to the weakening of the Turkish Lira in Q1 2024. Tax Impacts in Turkiye for Q1 2024 Related to the Weakening Turkish Lira The Company’s profits from mining operations in Turkiye are taxed at the enacted rate and the resulting current income tax expense can be further increased or reduced by other items.