Aggregated price index
Aggregated price index with volume information
Summary:
- Homebuilding stocks up 4.6% on average while median return up 5.0% in a day
- Homebuilding stocks up 3.9% on average while median return up 4.1% in a week
- Homebuilding stocks down 9.1% on average while median return down 7.7% 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 $FTDR 3.5%
- 1M losers are : Losers for past month are $GRBK -15.8%, $TPH -16.1%, $LEGH -16.3%, $HOV -18.7%, $BZH -22.7%
- 1W winners are : Winners for past week are $FTDR 15.6%, $DRTT 10.0%, $LGIH 7.6%, $MDC 7.6%, $MHO 6.6%
- 1W losers are : Losers for past week are $LEGH -0.1%, $HOV -2.4%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 60.0%, for the past 3 months is 58.4%
In the past month for a 5 days rolling window, the highest corrrelation is 70.6%, the lowest correlation is 23.2%, the latest correlation is 54.9%
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 97.6% between BZH and GRBK
The lowest correlation is -36.8% between CHCI and LEGH
Stock news
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HOUSTON, July 04, 2022--In a celebratory dedication event, U.S. Army Sergeant James Ford and U.S. Army Specialist Kisha Dorsey were presented with the keys to their brand-new, mortgage-free Pulte homes in the Windrow community located in Hockley, Texas. The two homes were awarded through PulteGroup’s Built to Honor® program, which provides the gift of a new home to deserving veterans and their families.
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Shares of home builders were broadly higher Friday, as the continued drop in longer-term Treasury yields helped soothe some fears about home affordability. The iShares U.S. Home Construction ETF ran up 4.3% with all 47 equity components trading higher, while the S&P 500 edged up 0.7%. PulteGroup Inc. was the biggest gainer of the group, rallying 7.0%, which would be the biggest one-day percentage gain since it surged 7.4% on Nov. 4, 2020. Among the sector ETF's other more-active components, shar
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