Aggregated price index with volume information
Summary:
- The momentum of the sector is very strong.
- Homebuilding stocks up 3.1% on average while median return up 3.0% in a day
- Homebuilding stocks up 5.6% on average while median return up 5.1% in a week
- Homebuilding stocks up 18.8% on average while median return up 22.0% 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 $HOV 54.5%, $MHO 39.3%, $GRBK 32.1%, $CCS 28.4%, $DHI 26.1%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are $HOV 19.6%, $MHO 11.7%, $SKY 8.0%, $PATK 6.8%, $BZH 6.8%
- 1W losers are : Losers for past week are $CHCI -0.2%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 66.2%, for the past 3 months is 57.6%
In the past month for a 5 days rolling window, the highest corrrelation is 79.0%, the lowest correlation is 38.1%, the latest correlation is 68.0%
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 97.8% between LEN and PHM
The lowest correlation is -43.6% between FTDR and MDC
PHOENIX, July 26, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) will release earnings for the first quarter ended June 29, 2024 on Thursday, August 1, 2024 after the close of market. Senior management will discuss the results in a live webcast the following day, Friday, August 2, 2024 at 1:00 p.m. Eastern Time. Date: August 2, 2024 Time: 1:00 p.m. ET Listen via Internet: https://investor.cavco.com/ Listen via Telephone: To participate in the call, please register here to receive
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