Aggregated price index with volume information
Summary:
- Hospital/Nursing Management stocks up 0.7% on average while median return up 1.6% in a day
- Hospital/Nursing Management stocks up 0.2% on average while median return up 1.7% in a week
- Hospital/Nursing Management stocks up 2.3% on average while median return up 4.9% 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 $JYNT 18.1%, $CIVI 14.7%, $THC 11.7%, $UHS 9.0%, $ALC 8.0%
- 1M losers are : Losers for past month are $NHC -0.6%, $BKD -3.0%, $SGRY -20.7%, $CYH -29.1%, $TDOC -30.0%
- 1W winners are : Winners for past week are $CYH 5.4%, $CIVI 4.6%, $BKD 3.7%, $UHS 3.5%, $THC 3.4%
- 1W losers are : Losers for past week are $TDOC -3.0%, $NHC -3.2%, $ALC -4.6%, $JYNT -6.0%, $SGRY -7.0%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 7.9%, for the past 3 months is 24.3%
In the past month for a 5 days rolling window, the highest corrrelation is 68.2%, the lowest correlation is -1.1%, the latest correlation is 28.0%
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 74.7% between BKD and TDOC
The lowest correlation is -41.1% between EHC and JYNT
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Occupational health services provider Concentra Group, a unit of healthcare company Select Medical Holdings, said on Monday it has confidentially filed for an initial public offering (IPO) in the United States. The number of shares to be offered and the price range for the proposed offering have not yet been determined, Concentra said. Earlier this year, Select Medical had announced its plan to pursue the separation of Concentra, aiming to create two independent, publicly traded companies.
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Concentra Group Holdings Parent, Inc. ("Concentra") today announced that it has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to occur after the SEC completes its review process, subject to market
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