MARKET COMPOSITE
Iron Ore Mining Stocks29-00-2023 20:00:00 PM
Price
$114.24
+ 0.48%
The list of companies include CLF-Cleveland-Cliffs Inc
* Latest intraday update before market close @ 19:45:50 PM 09/29/2023
Summary
:
Average return is up 0.5%
Median return is up 0.5%
2 out of 4 stocks are up (limited to those with intraday pricing feeds).
Top Movers
:
BHP -0.6%RIO -0.3%VALE + 1.3%CLF + 1.6%

Aggregated price index with volume information

Summary:

  • Iron Ore Mining stocks up 0.5% on average while median return up 0.5% in a day
  • Iron Ore Mining stocks up 1.2% on average while median return up -0.3% in a week
  • Iron Ore Mining stocks up 1.1% on average while median return up 0.9% 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.

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 %)
CLF1.4%
8.1%
4.0%
35.430.144.241.128B12%66%59-/-\-193-0.0%
VALE1.3%
-2.5%
0.5%
5.650.120.530.453006%60.8B25%48/\-386-0.0%
RIO-0.2%
-0.7%
1.4%
8.352.782.9466%79.6B8%51/\-386-0.0%
BHP-0.6%
0.2%
-1.5%
11.173.543.77-20%144.2B6%49/\-193-0.0%
* 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 $CLF 4.0%, $RIO 1.4%
  • 1M losers are : Losers for past month are $BHP -1.5%
  • 1W winners are : Winners for past week are $CLF 8.1%, $BHP 0.2%
  • 1W losers are : Losers for past week are $RIO -0.7%, $VALE -2.5%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 66.7%, for the past 3 months is 61.5%

In the past month for a 5 days rolling window, the highest corrrelation is 90.2%, the lowest correlation is 48.5%, the latest correlation is 55.8%

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 92.3% between BHP and RIO

The lowest correlation is 43.8% between CLF and VALE

Stock news

    Pan American Silver (PAAS) completes the previously announced divestment of its MARA project in Argentina and the Morococha mine in Peru.

    (Bloomberg) -- Rio Tinto Group has halted some work on an iron ore mine in Western Australia after an Indigenous rock shelter was damaged, three years after the company faced executive exits and public anger over the destruction of the Juukan Gorge caves. Most Read from BloombergChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseEx-Goldman Bankers Make a Fortune With Controversial Bet on CoalIndia Suspends Visas, Canada Pulls Diplomats Amid TensionsMcCarthy Ambushed as Republican Hardli

    In this piece, we will take a look at the ten best aluminum and aluminum mining stocks to buy. If you want to skip our introduction to the aluminum industry, then check out 5 Best Aluminum and Aluminum Mining Stocks To Buy. Aluminum is one of the most important metals in the world especially due […]

    Lithium prices have experienced sluggish growth in 2023, mainly due to the oversupply of the metal in the market and a relatively slowdown in sales of electric vehicles (EVs). Although some analysts predict that lithium demand will rebound in the second half of the year, driven by the recovery of the EV sector and the expansion of renewable energy storage projects, not all lithium producers are well-positioned to benefit from this trend. In fact, some of them have been facing serious challenges

    Navigating the unpredictable waters of today’s market, safe dividend stocks emerge as a beacon of reliability. Despite an optimistic kickoff this year, the broader market sentiment has chilled. For investors eager to remain engaged but wary of current volatilities, turning to trusted companies offering consistent dividends might be the savvy move. Recent data adds weight to this strategy. Recently, CNBC highlighted that August’s core inflation, excluding food and energy, edged up by 0.3%, exceed

    On Tuesday, the Australian Securities Exchange (ASX) witnessed a decrease in its local shares by nearly half a percent, continuing an overall downward trend. This downturn coincided with the release of the Reserve Bank of Australia's (RBA) September minutes, which revealed that board members had chosen to maintain steady rates due to significant increases in interest rates over a short duration.

    (Bloomberg) -- Rio Tinto Group, the world’s second-largest iron ore producer, believes Chinese consumption of steel is close to topping out, with demand next year likely to be similar to 2023. Most Read from BloombergF-35 Debris Found After a $100 Million Fighter Jet Went MissingVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingIndia, Canada Trade Diplomatic Blows Over Murder AllegationsVanderbilt Rips US News Over Slide in College RankingsChina’s appetite for iron ore, the ma

    The Australian Securities Exchange (ASX) experienced a broad decline on Tuesday, with the energy sector being the only one to close higher. Local shares fell by almost half a percent as gains in energy were offset by losses across other sectors. The Reserve Bank of Australia's (RBA) September minutes, released on the same day, revealed that board members decided to hold rates steady at the September meeting due to significant increases in interest rates over a short period.

    The Australian shares were set to open lower today, while the U.S. stocks remained largely unchanged with a heightened focus on the outlook for interest rates. ASX futures dipped by 21 points or 0.3% to 7214 around 7 am AEST. On Wall Street, the Dow Jones Industrial Average, S&P 500, and Nasdaq saw minor changes of +0.02%, +0.07%, and +0.01% respectively.

    Interest rates in the U.S. are at the highest level in more than two decades. With the Federal Open Market Committee (FOMC) due to meet on Sept. 20, there are speculations on the next course of action. ING believe that the FOMC will hold rates steady, but signal a final hike. In all probability, the market has already discounted the factor of another rate hike before 2024. To stay ahead of the curve, it’s important to look at stocks to buy based on the potential course of monetary policy action