Aggregated price index with volume information
- Hospital/Nursing Management stocks down 1.7% on average while median return down 2.1% in a day
- Hospital/Nursing Management stocks up 2.1% on average while median return up 1.5% in a week
- Hospital/Nursing Management stocks up 12.5% on average while median return up 6.2% 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 $SGRY 35.9%, $THC 27.8%, $BKD 27.3%, $NHC 22.5%, $JYNT 14.8%
- 1M losers are : Losers for past month are $CYH -0.4%, $CCM -0.9%, $ALC -3.0%, $CIVI -13.1%
- 1W winners are : Winners for past week are $NHC 14.2%, $SGRY 5.6%, $THC 5.6%, $JYNT 5.2%, $CCM 4.8%
- 1W losers are : Losers for past week are $CIVI -1.2%, $ALC -2.0%, $VMD -3.3%, $CYH -5.3%
Index correlation analysis
Correlation for the past month is 31.3%, for the past 3 months is 28.8%
In the past month for a 5 days rolling window, the highest corrrelation is 51.0%, the lowest correlation is 10.1%, the latest correlation is 31.7%
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 81.0% between HCA and UHS
The lowest correlation is -26.3% between CCM and NHC
In this article, we discuss 12 best healthcare dividend stocks to buy now. You can skip our detailed analysis of the healthcare sector and the past performance of dividend stocks, and go directly to read 5 Best Healthcare Dividend Stocks To Buy Now. Over the span of almost four years, the COVID-19 pandemic brought about […]
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