Aggregated price index with volume information
Summary:
- Major Banks stocks up 0.9% on average while median return up 0.7% in a day
- Major Banks stocks up 2.8% on average while median return up 2.8% in a week
- Major Banks stocks up 13.5% on average while median return up 11.7% 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 $MCB 39.2%, $PRK 37.4%, $NECB 32.4%, $HOPE 30.6%, $SFNC 30.0%
- 1M losers are : Losers for past month are $DB -0.3%, $BBD -0.9%, $HSBC -1.0%, $AVAL -2.3%, $SUPV -5.2%
- 1W winners are : Winners for past week are $NECB 12.5%, $WF 12.4%, $PRK 10.8%, $CBNK 10.4%, $AROW 9.8%
- 1W losers are : Losers for past week are $BAC -2.9%, $BBDO -2.9%, $DB -3.9%, $BRBS -4.8%, $AMTB -12.8%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 23.1%, for the past 3 months is 26.9%
In the past month for a 5 days rolling window, the highest corrrelation is 40.0%, the lowest correlation is 8.2%, the latest correlation is 28.1%
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 87.7% between ALRS and FBMS
The lowest correlation is -56.2% between CHCO and CS
After JPMorgan Chase passed a stress test and hiked its dividend, JPMorgan stock is cashing in on a new buy zone.
Update: New UK Crackdown on Economic Crimes Attracting Several Larger Banks, Including NatWest, Santander
(Bloomberg) -- Oil dipped as algorithmic traders took advantage of market uncertainty, while traders weighed Chinese demand against falling US stockpiles.Most Read from BloombergTrump Risks Losing Voters He Needs With Loaded Attacks on HarrisParis Sticks to Olympics Opening Event Plans After Rail SabotageFed’s Favored Price Gauge Rises at Mild Pace, Spending Holds UpHarris Just Showed Why Trump Is So Afraid of HerUS Accuses Famed Short-Seller Andrew Left of Securities FraudWest Texas Intermediat
New UK Crackdown on Economic Crimes Attracting Several Larger Banks, Including NatWest, Santander
Woori Bank (WF) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
TORONTO (Reuters) -Bank of Nova Scotia said on Friday that it has resolved a technical issue that impacted thousands of its clients in Canada, with several complaining about missing paychecks and other problems. Any fees incurred as a result of the technical issue will be refunded, it said. Several clients reached out to Scotiabank's helpline on social media platform X when they did not receive their paychecks, some frustrated as their rent was due and others requesting a timeline for resolvin...
While the top- and bottom-line numbers for Esquire Financial (ESQ) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
**↘️** **TSMC (TW:2330**, **TSM)**: Shares of the world's largest contract chip maker dropped 5.6% in Taipeig. The chip-heavy Taiwan benchmark slid overall, catching up with recent weakness in U.S. tech stocks after a two-day closure due to Typhoon Gaemi.
As global markets navigate through a mix of trade tensions and shifting investment trends, investors are increasingly looking for stable returns amidst the volatility. Dividend stocks, known for their potential to provide steady income, can be particularly appealing in such uncertain times, offering yields that enhance an investor's portfolio resilience against market swings.
(Bloomberg) -- Mankind Pharma Ltd. has picked Barclays Plc and Deutsche Bank AG to help arrange financing for its proposed 138 billion rupees ($1.6 billion) acquisition of Bharat Serums & Vaccines Ltd., according to people familiar with the matter.Most Read from BloombergTrump Risks Losing Voters He Needs With Loaded Attacks on HarrisParis Sticks to Olympics Opening Event Plans After Rail SabotageFed’s Favored Price Gauge Rises at Mild Pace, Spending Holds UpHarris Just Showed Why Trump Is So Af