Aggregated price index with volume information
Summary:
- Insurance Agencies and Brokerages stocks down 0.8% on average while median return down 1.2% in a day
- Insurance Agencies and Brokerages stocks down 1.7% on average while median return down 2.2% in a week
- Insurance Agencies and Brokerages stocks down 3.2% on average while median return down 5.8% 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 $GSHD 7.1%, $FANH 1.4%
- 1M losers are : Losers for past month are $GOCO -8.5%, $SLQT -8.6%, $EHTH -10.2%, $BRP -12.0%
- 1W winners are : Winners for past week are $GOCO 1.9%, $SLQT 1.7%
- 1W losers are : Losers for past week are $GSHD -2.5%, $MMC -2.7%, $BRO -3.4%, $BRP -5.8%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 20.0%, for the past 3 months is 17.9%
In the past month for a 5 days rolling window, the highest corrrelation is 58.0%, the lowest correlation is -4.0%, the latest correlation is 35.6%
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 91.8% between AJG and BRO
The lowest correlation is -24.4% between FANH and HUIZ
Insurance stocks are back in favor as investors search for a place to put their money. Several of these IBD 50 names have hit all-time highs.
TAMPA, Fla., September 28, 2023--Millennial Specialty Insurance, LLC ("MSI"), an indirect subsidiary of BRP Group, Inc. (NASDAQ: BRP), and MS Transverse Insurance Group ("MS Transverse") has launched a new homeowners program catering to High-Net-Worth ("HNW") customers via a strategic collaboration with MS Transverse Insurance Group ("MS Transverse").
SHENZHEN, China, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that it has partnered with Dingcheng Life Insurance Company Ltd (“Dingcheng Life”) to launch “Xiao Tao Qi No.2”, the latest child critical illness insurance product offering in the “Xiao Tao Qi” series, which extends coverage to more illnesses and increases the ho
Insurance company Arthur J. Gallagher is Tuesday's pick for IBD 50 Growth Stocks To Watch. It acquired transportation insurance broker Hartley Cylke Pacific Insurance Services on Monday. This adds to the acquisition of trucking insurance broker Ace Commercial Insurance Center and the purchase of Eastern Insurance Group, both made last week.
Arthur J. Gallagher's (AJG) Hartley Cylke Pacific buyout is set to consolidate the acquirer's presence in the transportation market across California and Arizona.
NEW YORK, September 25, 2023--Today, Mercer, a global leader in redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being, and a business of Marsh McLennan (NYSE: MMC), released the results of its August 2023 Mercer QuickPulse™ US Compensation Planning Survey. According to the survey, employers in the US plan to raise their compensation budgets by 3.5% for merit increases for 2024 and 3.9% for their total salary increase budgets for non-
Today, Mercer released the results of its August 2023 Mercer QuickPulse™ Canada Compensation Planning Survey revealing that although cost of living concerns remain top of mind for many Canadians, employers are projecting a more modest annual increase for both merit and total compensation budgets compared to 2023.
Arthur J. Gallagher & Co. today announced the acquisition of San Diego, California-based Hartley Cylke Pacific Insurance Services, Inc. Terms of the transaction were not disclosed.
GoHealth, Inc. (GoHealth) (NASDAQ: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, announced the company will present at the LD Micro Main Event XVI 2023 in Los Angeles, CA, on Wednesday, October 4, 2023, at 12:30 p.m. Pacific Time.
The addition of Ace to Arthur J. Gallagher's (AJG) portfolio is likely to enhance its existing opportunities in the trucking insurance space.