Aggregated price index with volume information
Summary:
- Major Banks stocks down 0.3% on average while median return down 0.8% in a day
- Major Banks stocks up 4.2% on average while median return up 3.5% in a week
- Major Banks stocks down 0.6% on average while median return down 0.4% 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 $DB 16.7%, $MCB 14.3%, $BCS 12.0%, $NWG 10.3%, $CASH 7.9%
- 1M losers are : Losers for past month are $BBDO -9.8%, $WF -10.6%, $ITUB -11.2%, $UBS -11.7%, $NKSH -15.5%
- 1W winners are : Winners for past week are $MCB 25.0%, $DB 13.4%, $BCS 12.1%, $CADE 10.2%, $PEBO 9.7%
- 1W losers are : Losers for past week are $BNS -0.7%, $UBS -2.2%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 37.8%, for the past 3 months is 31.9%
In the past month for a 5 days rolling window, the highest corrrelation is 50.0%, the lowest correlation is 11.3%, the latest correlation is 25.9%
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 93.7% between BMO and CM
The lowest correlation is -33.9% between BRBS and FFBW
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Manhattan, KS, April 25, 2024 (GLOBE NEWSWIRE) -- Landmark Bancorp, Inc. (Nasdaq: LARK) announced that it will release earnings for the first quarter of 2024 after the market closes on Wednesday, May 1, 2024. The Company will host a conference call to discuss these results on Thursday, May 2, 2024 at 10:00 am (CT). Investors may listen to the Company’s earnings call via telephone by dialing (833) 470-1428 and using access code 688391. Investors are encouraged to call the dial-in number at least
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