Aggregated price index
Aggregated price index with volume information
Summary:
- Managed Health Care stocks up 0.9% on average while median return up 1.0% in a day
- Managed Health Care stocks up 0.7% on average while median return up 0.5% in a week
- Managed Health Care stocks down 3.7% on average while median return down 1.1% 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.
Click on + to show price series and click on ticker for stock detail page
* 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 $CI 3.3%, $CNC 1.9%
- 1M losers are : Losers for past month are $ANTM -1.5%, $MOH -4.1%, $UNH -5.5%
- 1W winners are : Winners for past week are $MOH 2.7%, $CNC 1.6%, $UNH 0.6%
- 1W losers are : Losers for past week are $CI -1.2%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 44.3%, for the past 3 months is 68.8%
In the past month for a 5 days rolling window, the highest corrrelation is 78.8%, the lowest correlation is 27.1%, the latest correlation is 46.3%
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 89.4% between ANTM and UNH
The lowest correlation is -17.4% between BIOS and CI
Stock news
Investors are optimistic about CVS Health's (CVS) better-than-expected results and strong retail sales.
Charles River (CRL) Q1 results highlight 9.8% organic revenue growth, driven by strength across all three segments.
CVS Health (CVS) reports better-than-expected results for Q1, with robust segmental performance driving the top line.
A stock split is usually a positive sign that a company is performing well enough that it can justify splitting its shares to bring down its price. While Amazon, Alphabet, and Shopify have all announced stock splits within the past few years, it isn't just tech stocks that deploy this move. One healthcare company that has split its shares several times in the past and that could be overdue for reducing its stock price again is UnitedHealth Group (NYSE: UNH).
Masimo's (MASI) robust product shipments drive its Q1 sales.
Cerner's (CERN) first-quarter results benefit from gains across four of its business units.
PerkinElmer's (PKI) first-quarter results benefit from a solid performance at Discover & Analytics Solutions business.
Strong sales at the CAG and Water businesses drove IDEXX's (IDXX) first-quarter 2022 revenues.
AmerisourceBergen's (ABC) fiscal second-quarter results benefit from segmental growth.
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...