Aggregated price index with volume information
Summary:
- Lithium stocks up 2.2% on average while median return up 2.1% in a day
- Lithium stocks down 1.4% on average while median return down 0.9% in a week
- Lithium stocks up 6.4% on average while median return up 4.7% 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 $SLI 11.6%, $PLL 7.7%, $FMC 5.0%
- 1M losers are : Losers for past month are $ALB -7.5%, $SQM -10.4%
- 1W winners are : Winners for past week are $FMC 3.1%, $ALB 0.8%
- 1W losers are : Losers for past week are $SLI -1.5%, $SQM -3.3%, $PLL -7.1%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 28.9%, for the past 3 months is 30.0%
In the past month for a 5 days rolling window, the highest corrrelation is 51.5%, the lowest correlation is 4.7%, the latest correlation is 24.4%
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 86.4% between LAC and PLL
The lowest correlation is -38.8% between FMC and LTHM
FMC Corporation's ( NYSE:FMC ) investors are due to receive a payment of $0.58 per share on 17th of October. Based on...
BELMONT, N.C., July 25, 2024--Piedmont Lithium ("Piedmont" or the "Company") (Nasdaq: PLL; ASX: PLL), a leading North American supplier of lithium products critical to the U.S. electric vehicle supply chain, today announced that it shipped approximately 14,000 dry metric tons ("dmt") of spodumene concentrate in Q2’24 as its jointly owned North American Lithium ("NAL") achieved new quarterly production and operations records.1 NAL, North America’s largest-producing spodumene mine, is jointly owne
FMC (FMC) 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.
BELMONT, N.C., July 23, 2024--Piedmont Lithium ("Piedmont" or the "Company") (Nasdaq: PLL; ASX: PLL), a leading North American supplier of lithium products critical to the U.S. electric vehicle supply chain, today announced that it will release its second quarter 2024 earnings at 7:00 a.m. Eastern Time (U.S. and Canada), prior to the Nasdaq open on Thursday, August 8, 2024.
Based on the average brokerage recommendation (ABR), Lithium Americas Corp. (LAC) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?
Lithium Americas Corp. (LAC) concluded the recent trading session at $2.84, signifying a -0.7% move from its prior day's close.
FMC Corporation (NYSE: FMC) announced today that its board of directors declared a regular quarterly dividend of 58 cents per share, payable on October 17, 2024, to shareholders of record as of the close of business on September 30, 2024.
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