Aggregated price index with volume information
Summary:
- Managed Health Care stocks up 3.2% on average while median return up 1.8% in a day
- Managed Health Care stocks up 6.2% on average while median return up 2.3% in a week
- Managed Health Care stocks up 9.7% on average while median return up 8.7% 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 $UNH 17.7%, $MOH 10.2%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are $MOH 16.3%, $CNC 10.4%
- 1W losers are : Losers for past week are
Correlation Analysis
Index correlation analysis
Correlation for the past month is 25.5%, for the past 3 months is 22.2%
In the past month for a 5 days rolling window, the highest corrrelation is 60.9%, the lowest correlation is -12.5%, the latest correlation is 27.6%
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 74.0% between HUM and UNH
The lowest correlation is -27.6% between BIOS and MOH
Universal Health's (UHS) second-quarter results benefit from the rising number of patients in the Acute Care Unit. Declining admissions in the Behavioral Health segment partially offset the positives.
Earnings season is revving up and the broader stock market is eyeing new records. Bank of America, Charles Schwab, Morgan Stanley and UnitedHealth are among the companies that reported results ahead of the opening bell. On the economic front, meanwhile, data showed retail sales holding steady in June, defying forecasts for a contraction.
UnitedHealth Group (UNH) shares are rising in Tuesday's pre-market trading after reporting mixed second-quarter earnings: adjusted earnings per share beating estimates with $6.80 (expected $6.60) while revenue fell just shy of estimates with $98.86 billion (expected $98.95 billion). The Change Healthcare — one of UnitedHealth's subsidiaries — data breach from earlier this year continues to cost the insurance provider. Yahoo Finance senior health reporter Anjalee Khemlani joins The Morning Brief ...
WASHINGTON, July 16, 2024--Duo Health ("Duo"), a new type of value-based medical group purpose-built to manage chronic kidney disease (CKD) and end-stage kidney disease (ESKD), announced today it has entered into a strategic partnership with Arizona Complete Health, a company that provides and administers health benefits through individual, Medicaid, Medicare and dual-eligible programs and a Centene Corporation company (NYSE: CNC). This partnership builds on Arizona Complete Health’s existing va
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Oakmark Funds, advised by Harris Associates, released its “Oakmark Select Fund” second quarter 2024 investor letter. A copy of the letter can be downloaded here. The fund returned -6.19% in the second quarter compared to a 4.28% return for the S&P 500 Index. The fund returned 11.56% since its inception compared to the index’s return of […]
Earnings preview of key companies reporting next week and what to look out for.
UnitedHealth's (UNH) second-quarter earnings are likely to have benefited from higher premiums, driven by the expansion of its commercial membership base.
UnitedHealth Group (NYSE:UNH) has had a great run on the share market with its stock up by a significant 15% over the...
Select Medical (SEM) and UPMC unveil a 20-bed satellite facility of Helen M. Simpson Rehabilitation Hospital in West Shore, thus enhancing specialized inpatient rehabilitation care in Central Pennsylvania.