Aggregated price index
Aggregated price index with volume information
- Health Insurers stocks down 0.2% on average while median return down 0.3% in a day
- Health Insurers stocks down 1.2% on average while median return down -0.0% in a week
- Health Insurers stocks up 5.8% 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 $HQY 20.8%, $CURE 14.9%, $MOH 11.8%, $RXL 10.0%, $BTEC 8.7%
- 1M losers are : Losers for past month are $EHTH -0.7%, $RXD -9.7%
- 1W winners are : Winners for past week are $BTEC 3.4%, $LNGR 2.1%, $CVS 1.4%, $THQ 0.9%, $VHT 0.5%
- 1W losers are : Losers for past week are $ANTM -4.4%, $UHS -6.2%, $CNC -6.8%, $MOH -7.6%, $HUM -9.5%
Index correlation analysis
Correlation for the past month is 38.5%, for the past 3 months is 45.9%
In the past month for a 5 days rolling window, the highest corrrelation is 58.5%, the lowest correlation is 6.7%, the latest correlation is 47.4%
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 99.5% between CURE and XLV
The lowest correlation is -99.6% between RXD and RXL
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Centene Corporation (NYSE: CNC) today issued a reminder that it will release its 2020 fourth quarter and full-year financial results at approximately 6 a.m. Eastern Standard Time (EST) on Tuesday, February 9th, 2021, and host a conference call afterwards at approximately 8:30 a.m. (EST) to review the results. Michael F. Neidorff, Chairman, President and Chief Executive Officer, and Jeffrey A. Schwaneke, Executive Vice President and Chief Financial Officer, of Centene Corporation will host the ca...