Aggregated price index
Aggregated price index with volume information
Summary:
- Homebuilding stocks down 1.1% on average while median return down 1.1% in a day
- Homebuilding stocks up 1.4% on average while median return up 3.5% in a week
- Homebuilding stocks up 0.1% on average while median return up -3.3% 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 14.3%, $CHCI 12.2%, $KBH 11.0%, $PHM 3.2%, $PATK 1.1%
- 1M losers are : Losers for past month are $CCS -9.3%, $SKY -10.1%, $LGIH -11.1%, $GRBK -15.5%, $HGSH -20.6%
- 1W winners are : Winners for past week are $KBH 23.3%, $PHM 9.2%, $CHCI 8.7%, $MTH 8.3%, $MDC 7.4%
- 1W losers are : Losers for past week are $HOVNP -0.7%, $SSD -2.0%, $SKY -2.4%, $PATK -4.8%, $HGSH -44.5%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 42.6%, for the past 3 months is 37.3%
In the past month for a 5 days rolling window, the highest corrrelation is 58.0%, the lowest correlation is 30.2%, the latest correlation is 30.2%
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 95.4% between MHO and TMHC
The lowest correlation is -69.4% between HGSH and LGIH
Stock news
Investment company Mesirow Financial Investment Management, Inc. (Current Portfolio) buys Green Brick Partners Inc, Cadre Holdings Inc, Identiv Inc, Atlanticus Holdings Corp, Andersons Inc, sells TriState Capital Holdings Inc, The Joint Corp, Mirum Pharmaceuticals Inc, Genasys Inc, CareDx Inc during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Mesirow Financial Investment Management, Inc..
Digest of today's breaking financial and economic news; jobless claims, stock market gains, and Delta Air Lines news.
Yahoo Finance Live’s Julie Hyman and Brian Sozzi discuss the increase in KB Home stock after the company reported Q4 earnings.
The Dow Jones Industrial Average rallied 125 points Thursday on inflation data. Apple chipmaker Taiwan Semi is breaking out today.
Scottsdale-based Taylor Morrison is planning to build even more homes in the master-planned Estrella community in Goodyear. Here is how much the company paid for the 20 acres and what is being proposed.
Many see today as the official start of fourth-quarter earnings season, and Delta Air Lines (NYSE: DAL) was one of the first companies out of the gate to say how it fared during the final part of 2021. Investors generally liked what Delta had to say about the airline industry's prospects, but a stock in a very different earthbound industry saw even bigger gains in premarket trading. Let's take a look at what Delta said first, and then you'll learn more about the high-flying stock making noise ...
KB Home (KBH) posts better-than-expected fiscal Q4 earnings on strong housing market demand and increased pricing.
The market rally stalled Wednesday, but Tesla and AMAT stock rose solidly. Taiwan Semiconductor is set to break out.
Shares of California-based home builder KB Home were on the rise Thursday after earnings beat expectations and the company issued a positive outlook for 2022. The company said Wednesday evening that it earned $1.91 per diluted share on revenues of $1.68 billion in its fourth quarter, and $6.01 per diluted share on revenues of $5.72 billion in 2021. Analysts had expected earnings per share of $1.77 for the fourth quarter on sales of about $1.71 billion, according to FactSet.
A hawkish Fed may not be encouraging for the construction sector, but there are other tailwinds that can help us pick winners.