Market Composite

Major Banks Stocks$153.62

-1.09%4:00PM 07/30/2021

The list of companies include ALRS-Alerus Financial Corp, AMNB-American National Bankshares Inc., AMTB-Amerant Bancorp Inc, AMTBB-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, CBTX-CBTX Inc, CHCO-City Holding Co., CIT-CIT Group Inc, 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, MWK-Mohawk Group Holdings Inc

Latest intraday update before market close @ 19:45:51 PM 07/30/2021

Summary :

Average return is down -1.2%

Median return is down -1.1%

9 out of 63 stocks are up (limited to those with intraday pricing feeds).

Top Movers : ITUB -4.7%, BBD -3.8%, WF -3.8%, CBTX -3.5%, BBDO -3.3%, DB -3.0%, SAN -2.8%, SUPV -2.5%, BRBS -2.2%, NWG -2.0%, BCS -1.9%, TFC -1.7%, USB -1.7%, BMO -1.6%, PNC -1.6%, LYG -1.6%,

Aggregated price index

Aggregated price index with volume information

Summary:

Major Banks stocks down 1.1% on average while median return down 1.0% in a day
Major Banks stocks up 1.2% on average while median return up 0.8% in a week
Major Banks stocks down 2.0% on average while median return down 2.2% 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

Click on + to show price series and click on ticker for stock detail page

Ticker	1 Day Return	1 Week Return	1 Month Return	PE Ratio	PE/G	P/B (mrq)	P/S (ttm)	Earning Growth	MarketCap	Short %	Held By Institutions %	RSI	Price Pattern	Days Since Channel Change	Channel Slope (daily rate %)	Half Channel Bandwidth	Distance to Channel MidPoint %

OPOF	0.9%	-1.5%	-9.7%	16.24		1.10	2.54	141%	116.6M	0%	34%	41
CS	0.6%	-0.1%	-4.2%	18.11		0.54	1.25		26.6B		2%	47	\/-\	85	-0.3%	14.0%	3.9%
MFG	0.3%	1.4%	0.7%	-0.14		0.00	0.02	161%	36.4B		0%	49	\/-/-	85	-0.0%	5.4%	-1.6%
PBCTP	0.3%	-1.1%	1.2%			1.63	3.61	11%	6.8B	0%	30%	49	/\-/	55	0.1%	2.1%	-1.5%
FFBW	0.2%	0.3%	1.7%			0.77	7.40	65%	83.6M	0%	18%	54
BK	0.1%	2.7%	0.2%	13.69	0.9	1.04	2.72	-5%	44.9B	1%	85%	58	\/	85	0.1%	5.7%	-1.8%
FBMS	0.1%	4.4%	3.0%	13.57		1.20	4.37	100%	809.9M	1%	62%	59	\/	85	0.1%	7.8%	-1.7%
ZIONL	0.1%	-0.3%	-1.0%						0			48
LARK	0.0%	-1.0%	2.2%			1.03	2.06	60%	131.4M	3%	28%	54	\/	62	0.1%	4.5%	0.6%
ZIONO	0.0%	-0.4%	-2.6%					2200%	8.7B		10%	42
ZIONP	0.0%	-0.7%	-4.7%					2200%	8.7B		0%	43
CBNK	-0.1%	6.9%	11.1%			1.65	1.83	206%	311M	2%	29%	67	\/-	73	0.0%	5.4%	5.9%
MCB	-0.1%	5.7%	18.0%			1.50	3.68	99%	592.7M	2%	67%	71	\-/	85	0.3%	8.0%	3.9%
PRK	-0.1%	3.1%	-3.0%	12.6	3.56	1.86	4.14	91%	1.9B	5%	52%	47	\-/\	85	-0.1%	5.9%	-0.7%
PEBO	-0.2%	2.0%	-0.4%	11.39	1.85	0.98	3.00		578.9M	3%	60%	50	\/\	85	-0.2%	8.3%	1.1%
UBS	-0.2%	3.5%	7.4%		3.53	0.94	1.64	14%	61B	0%	52%	66	/-	67	-0.0%	3.9%	4.9%
AMNB	-0.3%	7.4%	1.6%	10.54	2.64	1.05	3.73	32%	344.9M	1%	38%	52	\/\	85	-0.1%	7.8%	-1.9%
AROW	-0.3%	0.7%	0.3%	12.28	1.57	1.64	4.32	63%	561.6M	1%	43%	50	\-/	85	0.1%	5.2%	-3.6%
FNLC	-0.3%	0.3%	-1.3%	10.81		1.44	4.45	37%	320.7M	1%	50%	48	\/	85	0.1%	6.0%	-4.5%
CHCO	-0.5%	2.9%	0.6%	15.12	2.11	1.69	5.42	-32%	1.2B	4%	64%	53	\/\	85	-0.1%	5.6%	1.5%

* 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.

1M winners are : Winners for past month are $MCB 18.0%, $CBNK 11.1%, $UBS 7.4%, $COF 4.5%, $OFG 4.4%
1M losers are : Losers for past month are $PBCT -8.4%, $AVAL -8.4%, $CADE -9.0%, $BBD -9.0%, $OPOF -9.7%
1W winners are : Winners for past week are $AMNB 7.4%, $CBNK 6.9%, $MCB 5.7%, $BCS 5.5%, $OFG 5.4%
1W losers are : Losers for past week are $WF -2.4%, $CBTX -2.4%, $AMTBB -2.4%, $AVAL -3.0%, $ALRS -3.6%

Pick two stocks to compare:

BMO

Correlation Analysis

Index correlation analysis

Correlation for the past month is 48.5%, for the past 3 months is 36.5%

In the past month for a 5 days rolling window, the highest corrrelation is 72.1%, the lowest correlation is 11.2%, the latest correlation is 33.3%

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 97.4% between BMO and CM

The lowest correlation is -50.3% between AMTBB and FFBW