Aggregated price index with volume information
Summary:
- Integrated Oil stocks up 0.4% on average while median return up 0.2% in a day
- Integrated Oil stocks down 0.3% on average while median return down 0.6% in a week
- Integrated Oil stocks up 2.4% on average while median return up 1.9% 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 $PVL 43.0%, $AMPY 17.1%, $VNOM 13.3%, $APA 9.0%, $CNX 5.5%
- 1M losers are : Losers for past month are $TALO -2.6%, $CKX -3.2%, $EC -4.2%, $EQNR -6.3%, $INDO -23.3%
- 1W winners are : Winners for past week are $AMPY 6.4%, $E 3.5%, $IMO 2.3%, $PRT 1.6%, $TALO 1.4%
- 1W losers are : Losers for past week are $EQNR -2.5%, $OVV -2.5%, $HESM -3.1%, $PBR -3.1%, $INDO -3.8%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 24.0%, for the past 3 months is 27.7%
In the past month for a 5 days rolling window, the highest corrrelation is 51.2%, the lowest correlation is 2.2%, the latest correlation is 28.8%
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 98.3% between CVX and HES
The lowest correlation is -59.9% between INDO and PVL
Read about Eni, EDP Renovaveis, Ampol and more in the latest Market Talks covering Energy and Utilities.
Exxon (XOM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Imperial Oil (IMO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Chevron (CVX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Suncor Energy Maintained at Hold at TPH Ahead of Q2 Results; Price Target atC$55.00
Market Chatter: Petrobras Nears Bid to Buy Back Refinery from Mubadala
Chevron (CVX) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Recently, Zacks.com users have been paying close attention to Petrobras (PBR). This makes it worthwhile to examine what the stock has in store.
Favorable commodity prices, coupled with premium Bakken shale and Stabroek Block production boosts, are likely to have aided Hess' (HES) Q2 earnings.
Baker Hughes' (BKR) Q2 earnings benefit from higher contributions from Oilfield Services and Equipment and the Industrial & Energy Technology business units, fueled by significant contract wins.