MARKET COMPOSITE
Iron Ore Mining Stocks28-00-2024 20:00:00 PM
Price
$109.29
-0.79%
The list of companies include CLF-Cleveland-Cliffs Inc
* Latest intraday update before market close @ 19:45:35 PM 05/28/2024
Summary
:
Average return is down -1.0%
Median return is down -0.8%
1 out of 4 stocks are up (limited to those with intraday pricing feeds).
Top Movers
:
VALE -2.4%RIO -1.5%BHP -0.2%CLF + 0.1%

Aggregated price index with volume information

Summary:

  • Iron Ore Mining stocks down 0.8% on average while median return down 0.7% in a day
  • Iron Ore Mining stocks down 3.8% on average while median return down 3.8% in a week
  • Iron Ore Mining stocks up 1.0% on average while median return up 2.2% 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.

Related Stocks
Ticker
1d
7d
30d
PE Ratio
PE/G
P/B (mrq)
P/S (ttm)
Earning Growth
MarketCap
Short %
Held By Institutions %
RSI
Price Pattern
Resist Support
Days Since Channel Change
Channel Slope (daily rate %)
CLF0.2%
-4.3%
-5.3%
220.144.241.128.1B12%66%33/\/2260.1%
BHP-0.1%
-3.2%
5.6%
11.713.543.77-20%151.1B6%55/\-4510.0%
RIO-1.4%
-3.4%
3.8%
11.52.782.9466%88.8B8%55/\-4510.0%
VALE-1.9%
-4.3%
0.7%
6.870.120.530.453006%56.1B25%45/\451-0.0%
* P/E and MarketCap are refreshed daily using IEX Cloud service. P/B, P/S, PEG, growth, short%, HelbyInstitute are refreshed weekly using Yahoo feeds. For latest stock stats please visit Yahoo Finance.
* Price Patter: / is upward trend, \ is downward trend, - is sideway. Click on the ticker to go to stock page to see Bayesian Trend model plot of the time series.
* Channel and change points are derived from Bayesian Trend model, where the channel slope is the growth rate while change points are those the model partition the time series.
Detail Performance Summary
  • 1M winners are : Winners for past month are $BHP 5.6%, $RIO 3.8%
  • 1M losers are : Losers for past month are $CLF -5.3%
  • 1W winners are : Winners for past week are
  • 1W losers are : Losers for past week are $VALE -4.3%, $CLF -4.3%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 58.3%, for the past 3 months is 49.9%

In the past month for a 5 days rolling window, the highest corrrelation is 95.3%, the lowest correlation is -13.7%, the latest correlation is 60.4%

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 79.8% between RIO and VALE

The lowest correlation is 36.3% between CLF and RIO

Stock news

    BHP's bid for Anglo American underlines the growing appetite for energy transition metals like copper from miners who must become more aggressive to secure new projects or risk missing out, investors and mining CEOs said on Wednesday. "There is clearly a preference for buying over building because costs have ramped up so much in the past few years," said Ben Cleary of Tribeca Investment Partners, which is an investor in Anglo American. Instead, Anglo has pledged to break up its company to low...

    GENT, Belgium, May 22, 2024 (GLOBE NEWSWIRE) -- ArcelorMittal and partners Mitsubishi Heavy Industries, Ltd. (MHI), BHP, along with Mitsubishi Development Pty Ltd (Mitsubishi Development) have successfully started operating a pilot carbon capture unit on the blast furnace off-gas at ArcelorMittal Gent in Belgium. The pilot carbon capture unit will operate for one to two years at Gent, to test the feasibility of progress to full-scale deployment of the technology, which would be able to capture a

    (Bloomberg) -- BHP Group Ltd. has just hours to launch a blockbuster bid to buy smaller mining rival Anglo American Plc. — or put its audacious takeover plan on the shelf.Most Read from BloombergThese Flight Routes Suffer the World’s Worst TurbulenceOne Dead After Singapore Air Flight Hit By Severe Turbulence‘It Felt Like We Had Crashed’: Singapore Air Passenger Describes Turbulence TerrorBarclays Managers Warn Some Staff to Prepare for Five Days a Week in OfficeThe proposal by the world’s bigge

    This declaration comes as the company faces a shortage of gas to power its operations.

    As the FTSE 100 navigates cautiously ahead of upcoming UK inflation data, and global markets show mixed responses to varied economic signals, investors are keenly observing the landscape for stable investment opportunities. In such a market environment, dividend stocks like Dunelm Group offer potential as resilient income-generating assets.

    Investing.com -- Shares in BHP Group (ASX:BHP) reached a three-month high in Australian trading on Tuesday as the deadline approached for the world's largest miner to sumbit a new formal bid for rival Anglo American (JO:AGLJ).

    The miner has declared force majeure on alumina shipments from operations in Australia’s Queensland state because of a gas shortage.

    PERTH (Reuters) -Shares of BHP Group touched a three-month high on Tuesday about 36 hours ahead of a deadline to lodge a formal bid for rival miner Anglo American, which last week rejected a sweetened $43 billion takeover proposal. The world's largest listed miner's shares are benefiting from good news including fresh stimulus for China's property sector, copper prices reaching record highs and a growing view that BHP will not make another tilt at Anglo, according to Andy Forster, senior invest...

    Investing.com - Analysts from Citigroup Inc (NYSE:C) have recently provided in-depth analysis on several Australian companies, highlighting potential market trends and movements.

    Market Chatter: Anglo American Investor Supports Simplified Portfolio After Rebuffed BHP Offer