MARKET COMPOSITE
Iron Ore Mining Stocks20-00-2024 21:00:00 PM
Price
$89.39
-2.93%
The list of companies include CLF-Cleveland-Cliffs Inc
* Latest intraday update before market close @ 20:45:40 PM 02/20/2024
Summary
:
Average return is down -2.7%
Median return is down -2.8%
0 out of 4 stocks are up (limited to those with intraday pricing feeds).
Top Movers
:
RIO -4.4%BHP -3.6%VALE -1.9%CLF -1.0%

Aggregated price index with volume information

Summary:

  • Iron Ore Mining stocks down 2.9% on average while median return down 2.8% in a day
  • Iron Ore Mining stocks down 1.8% on average while median return down 1.8% in a week
  • Iron Ore Mining stocks down 0.9% on average while median return down 3.6% 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.

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 %)
CLF-1.5%
0.1%
10.4%
25.080.144.241.129.8B12%66%53/-2130.0%
VALE-1.9%
-0.4%
-3.1%
6.520.120.530.453006%60.7B25%42/\425-0.0%
BHP-3.7%
-3.9%
-4.0%
11.413.543.77-20%147.2B6%35/\-425-0.0%
RIO-4.6%
-3.1%
-4.1%
8.652.782.9466%82.5B8%38/\-4250.0%
* 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 10.4%
  • 1M losers are : Losers for past month are $BHP -4.0%, $RIO -4.1%
  • 1W winners are : Winners for past week are $CLF 0.1%
  • 1W losers are : Losers for past week are $RIO -3.1%, $BHP -3.9%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 47.7%, for the past 3 months is 60.3%

In the past month for a 5 days rolling window, the highest corrrelation is 73.7%, the lowest correlation is -0.6%, the latest correlation is 71.6%

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 87.4% between BHP and RIO

The lowest correlation is 2.0% between CLF and VALE

Stock news

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    The world’s biggest miner says it could mothball its big Nickel West operation if prices of the battery metal don’t improve.

    MELBOURNE (Reuters) -BHP Group will record another $3.2 billion impairment in relation to its Brazilian Samarco dam failure, and a $2.5 billion impairment charge for its Western Australia Nickel business, the world's biggest listed miner said on Thursday. BHP flagged the two-non cash impairments ahead of its half year results next week where its earnings are expected to have broadly held up against the same time last year, underpinned by strong iron ore prices. Last month a federal judge in Br...

    SASKATOON, Saskatchewan, Feb. 13, 2024 (GLOBE NEWSWIRE) -- BHP and YWCA Saskatoon are pleased to announce a $500,000 investment from BHP to YWCA's Hope Lives Here campaign. In 2022, YWCA Saskatoon’s Crisis Shelter & Residence turned away a staggering 4,253 women and children in need. Hope Lives Here is the organization’s largest capital campaign ever. With a fundraising goal of $19 million, the campaign is funding a new transitional housing wing that will more than double YWCA Saskatoon’s capaci

    (Bloomberg) -- Train drivers at BHP Group Ltd.’s Pilbara iron ore operations in Western Australia have voted to strike on Friday morning for 24 hours, potentially cutting supply to the producer’s Australian export hubs.Most Read from BloombergPentagon Chief Austin in Critical Care for Bladder IssueOnce-Bitten Europe Is Better Prepared for Trump’s NATO TiradesTrump Says There’s ‘No Way’ Taylor Swift Can Endorse BidenTrump’s NATO Remark Sparks Political Storm in World CapitalsWorkers plan to carry

    Global mining giant Rio Tinto, which sparked outrage after destroying an ancient Indigenous site in Australia in 2020, faces new pressure from socially conscious investors and lenders, this time on water practices at two of its mines. A group representing UK pension funds, Local Authority Pension Fund Forum (LAPFF), has raised concerns about the company's water management at its Oyu Tolgoi copper mine in Mongolia and an ilmenite mine in Madagascar. Questions around Rio Tinto's environmental cr...

    According to the average brokerage recommendation (ABR), one should invest in Rio Tinto (RIO). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?

    (Bloomberg) -- The world’s two biggest miners are teaming up in a bid to develop Australia’s first electric-smelting furnace, in what could prove an important step toward slashing emissions in the steel-making process. Most Read from BloombergBiden’s Attempt to Address Memory Issue Backfires With New GaffeChina’s Property Crisis Is Starting to Ripple Across the WorldA 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on ChinaNew York City Is Considering a Laundry Pods CrackdownPutin Takes Hard L

    PERTH, Australia, February 08, 2024--Australia’s two largest iron ore producers and its biggest steelmaker have partnered in their efforts to accelerate the decarbonisation of steelmaking by agreeing to jointly investigate the development of the country’s first ironmaking Electric Smelting Furnace1 (ESF) pilot plant.

    In the Investment world, dividends play a pivotal role, offering a dependable source of income, known for their stability even in the midst of market oscillations.