MARKET COMPOSITE
Major Banks Stocks19-30-2024 20:30:00 PM
Price
$117.80
+ 2.15%
The list of companies include ALRS-Alerus Financial Corp, AMNB-American National Bankshares Inc., AMTB-Amerant Bancorp Inc, AROW-Arrow Financial Corp., BAC-Bank Of America Corp., BK-Bank Of New York Mellon Corp, BMO-Bank of Montreal, BNS-Bank Of Nova Scotia, BRBS-Blue Ridge Bankshares Inc (VA), CADE-Cadence Bancorporation, CASH-Meta Financial Group Inc., CBNK-Capital Bancorp Inc, CHCO-City Holding Co., CM-Canadian Imperial Bank Of Commerce, CMA-Comerica, Inc., COF-Capital One Financial Corp., ESQ-Esquire Financial Holdings Inc, FBK-FB Financial Corp, FBMS-First Bancshares Inc Miss, FFBW-FFBW Inc., FNLC-First Bancorp Inc (ME), HOPE-Hope Bancorp Inc, JPM-JPMorgan Chase & Co., KEY-Keycorp, LARK-Landmark Bancorp Inc, MCB-Metropolitan Bank Holding Corp, NKSH-National Bankshares Inc., OFG-OFG Bancorp, OPOF-Old Point Financial Corp., PEBO-Peoples Bancorp, Inc. (Marietta, OH)
* Latest intraday update before market close @ 19:45:43 PM 04/19/2024
Summary
:
Average return is up 1.7%
Median return is up 1.3%
52 out of 57 stocks are up (limited to those with intraday pricing feeds).
Top Movers
:
PNC + 2.3%TFC + 2.5%WFC + 2.5%PEBO + 2.5%FBMS + 2.8%ESQ + 2.8%OFG + 2.9%BAC + 3.0%AMTB + 3.0%THFF + 3.0%AROW + 3.1%SUPV + 3.2%SFNC + 3.4%FNLC + 3.5%MCB + 17.1%

Aggregated price index with volume information

Summary:

  • Major Banks stocks up 2.1% on average while median return up 1.8% in a day
  • Major Banks stocks up 1.0% on average while median return up 1.3% in a week
  • Major Banks stocks down 0.4% on average while median return down 2.9% 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 %)
MCB18.0%
13.3%
0.7%
5.631.503.6899%433.2M2%67%58\/-\/2200.1%
ALRS4.3%
3.8%
-5.3%
35.721.742.37184%409.4M1%38%49/\/At support2200.1%
AMTB4.2%
4.9%
-0.6%
22.991.004.01328%664.2M1%34%53\/\-2200.0%
AROW4.1%
3.9%
-6.5%
12.821.571.644.3263%375.8M1%43%45/\/\At support79-0.1%
OFG4.1%
1.3%
-3.6%
9.121.281.102.391587%1.6B3%94%47\/-/Below support2200.2%
SFNC4.0%
1.5%
-2.3%
13.333.161.053.92-13%2.3B4%85%49\/\-2200.0%
THFF3.9%
2.3%
-3.5%
7.210.933.126%432.5M2%66%51\/\-2200.0%
SUPV3.8%
-5.7%
-3.0%
-0.430.010.01-71%434.5M3%51\-\/Above resistance2200.4%
FNLC3.7%
3.0%
0.0%
8.641.444.4537%255.7M1%50%49\/-\220-0.0%
ESQ3.5%
1.2%
-5.0%
9.481.373.7961%385.5M3%53%50/Below support3110.1%
FBMS3.5%
4.8%
-0.6%
10.281.204.37100%767M1%62%52\/\439-0.0%
BAC3.4%
3.3%
0.6%
11.930.531.334.11101%291.7B1%73%56\/\/2200.1%
PEBO3.4%
2.5%
0.8%
8.281.850.983.001B3%60%54\/\/2200.0%
BRBS3.2%
0.4%
-5.4%
-0.961.342.79408%50.1M0%30%48-\Above resistance150-0.6%
TFC3.1%
0.1%
-0.1%
-33.761.43.3739%49.1B1%74%49\/\-2200.0%
CADE3.0%
1.3%
-3.7%
13.451.213.255B5%92%48/\/1730.2%
CHCO3.0%
4.3%
-0.1%
13.532.111.695.42-32%1.5B4%64%57\/At support4390.0%
PNC3.0%
1.1%
-1.0%
11.92-8.511.515.03100%60.6B1%84%49\/\/2200.1%
HOPE2.9%
1.4%
-3.8%
9.651.30.843.8468%1.3B3%86%48\/-\/2200.1%
NKSH2.9%
-1.3%
-14.4%
10.661.164.7620%167.2M4%30%38\-\/Below support1260.3%
* 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 $NWG 8.2%, $AVAL 7.2%, $DB 6.1%, $WFC 5.3%, $SAN 4.4%
  • 1M losers are : Losers for past month are $UBS -10.1%, $OPOF -10.4%, $ITUB -13.6%, $NKSH -14.4%, $WF -14.9%
  • 1W winners are : Winners for past week are $MCB 13.3%, $WFC 6.9%, $FBK 5.6%, $AMTB 4.9%, $FBMS 4.8%
  • 1W losers are : Losers for past week are $AVAL -3.6%, $ITUB -4.7%, $BBD -4.7%, $BBDO -5.1%, $SUPV -5.7%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 39.1%, for the past 3 months is 31.1%

In the past month for a 5 days rolling window, the highest corrrelation is 51.1%, the lowest correlation is 15.4%, the latest correlation is 44.1%

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 93.9% between AMTB and HOPE

The lowest correlation is -59.6% between CS and HSBC

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