Aggregated price index with volume information
Summary:
- Life/Health Insurance stocks down 1.8% on average while median return down 1.4% in a day
- Life/Health Insurance stocks up 2.3% on average while median return up 2.4% in a week
- Life/Health Insurance stocks down 5.6% on average while median return down 3.4% 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 $AEL 0.2%
- 1M losers are : Losers for past month are $LNC -8.2%, $SNFCA -12.5%, $PRI -13.4%, $EHTH -23.9%, $GL -35.1%
- 1W winners are : Winners for past week are $GL 16.2%, $FG 10.0%, $RGA 4.7%, $PRI 4.0%, $AFL 3.4%
- 1W losers are : Losers for past week are $VOYA -0.2%, $VERY -0.2%, $EHTH -4.1%, $AMSF -8.4%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 39.8%, for the past 3 months is 26.9%
In the past month for a 5 days rolling window, the highest corrrelation is 49.5%, the lowest correlation is 7.9%, the latest correlation is 42.3%
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 91.8% between MET and PFG
The lowest correlation is -45.3% between PRI and VERY
Manulife Financial Corporation ("Manulife") today announced that it does not intend to exercise its right to redeem all or any of its currently outstanding 8,000,000 Non-cumulative Rate Reset Class 1 Shares Series 15 (the "Series 15 Preferred Shares") (TSX: MFC.PR.L) on June 19, 2024. As a result, subject to certain conditions described in the prospectus supplement dated February 18, 2014 relating to the issuance of the Series 15 Preferred Shares (the "Prospectus"), the holders of the Series 15
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Trupanion (TRUP) 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.
Lincoln National (LNC) 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.
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MetLife (MET) 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.