Aggregated price index with volume information
- Integrated Oil stocks down 1.5% on average while median return down 1.8% in a day
- Integrated Oil stocks down 2.7% on average while median return down 2.3% in a week
- Integrated Oil stocks down 4.3% on average while median return down 6.6% 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 $YPF 59.4%, $VNOM 6.5%, $HESM 6.3%, $PVL 3.7%, $EC 1.7%
- 1M losers are : Losers for past month are $OVV -13.1%, $SBOW -14.1%, $AMPY -14.2%, $TALO -16.5%, $INDO -25.6%
- 1W winners are : Winners for past week are $YPF 1.8%, $PVL 1.6%, $HESM 0.3%
- 1W losers are : Losers for past week are $HES -5.0%, $PBR -5.4%, $TALO -6.4%, $EQNR -7.1%, $INDO -10.0%
Index correlation analysis
Correlation for the past month is 36.9%, for the past 3 months is 38.8%
In the past month for a 5 days rolling window, the highest corrrelation is 61.4%, the lowest correlation is 2.9%, the latest correlation is 20.0%
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 84.4% between CVX and HES
The lowest correlation is -37.7% between PVL and YPF
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Eni (E) collaborates with World Bank to combat methane emissions and flaring globally, with the shared goal of achieving nearly zero impact by 2030.
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