Aggregated price index with volume information
Summary:
- Insurance Brokers/Services stocks down 0.5% on average while median return down 0.4% in a day
- Insurance Brokers/Services stocks up 3.3% on average while median return up 2.3% in a week
- Insurance Brokers/Services stocks down 1.6% on average while median return down 3.9% 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 $KINS 8.9%, $ROOT 7.0%, $LMND 5.6%
- 1M losers are : Losers for past month are $AON -5.7%, $GOCO -5.8%, $CRVL -6.4%, $SLQT -11.6%, $GSHD -13.8%
- 1W winners are : Winners for past week are $ROOT 11.7%, $LMND 10.6%, $GSHD 6.5%, $ESGR 5.4%, $BRP 3.3%
- 1W losers are : Losers for past week are $KINS -0.2%, $SLQT -4.2%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 23.1%, for the past 3 months is 12.9%
In the past month for a 5 days rolling window, the highest corrrelation is 33.4%, the lowest correlation is -1.8%, the latest correlation is 13.6%
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 89.3% between AJG and BRO
The lowest correlation is -55.3% between GOCO and KINS
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KINGSTON, NY / ACCESSWIRE / April 10, 2024 / Kingstone Companies, Inc. (NASDAQ:KINS) (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, today announced the appointment of Manmohan "Manu" Singh to ...
JERSEY CITY, N.J., April 10, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, will report its financial results for the fiscal first quarter ended on Sunday, March 31, 2024, on Wednesday, May 1, 2024, before the market open. The press release, with accompanying financial information, will be posted on the Verisk investor website at https://investor.verisk.com. Verisk’s management team will host a live audio webcast to discuss the financial