Aggregated price index
Aggregated price index with volume information
Summary:
- Marine Shipping stocks down 1.0% on average while median return down 1.4% in a day
- Marine Shipping stocks up 1.2% on average while median return up 1.3% in a week
- Marine Shipping stocks down 5.1% on average while median return down 5.3% 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 $TK 23.1%, $TNK 19.5%, $NAT 11.4%, $SB 10.9%, $TRMD 9.7%
- 1M losers are : Losers for past month are $NM -17.3%, $EGLE -19.6%, $KNOP -20.0%, $GRIN -23.7%, $PSHG -69.9%
- 1W winners are : Winners for past week are $PSHG 17.4%, $TK 14.9%, $TRMD 11.0%, $NVGS 10.0%, $OSG 8.8%
- 1W losers are : Losers for past week are $GNK -5.0%, $GRIN -5.4%, $NM -6.1%, $TNP -8.4%, $KNOP -16.9%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 44.1%, for the past 3 months is 28.8%
In the past month for a 5 days rolling window, the highest corrrelation is 61.7%, the lowest correlation is 2.4%, the latest correlation is 53.4%
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 87.5% between ASC and LPG
The lowest correlation is -37.3% between EDRY and GLOP
Stock news
Palo Alto Networks and Salesforce lead this list of 16 top-rated growth stocks eyeing 50% to 439% EPS growth this year.
Year revenues at $860 million and record profits of $204.2 million (EPS at $6.02 for 2022) 240% increase in annual EBITDA 140% increase in common stock dividend Dynamic fleet renewal - Boosts sale & purchase activity Strong market fundamentals remain - Over $1.2 billion in minimum contracted revenue ATHENS, Greece, March 16, 2023 (GLOBE NEWSWIRE) -- TEN, Ltd. (TEN) (NYSE: TNP) (the “Company”) reports results (unaudited) for the fourth quarter and the year ended December 31, 2022. FINANCIAL RESUL
ST HELIER, Jersey, March 16, 2023 (GLOBE NEWSWIRE) -- Neptune Maritime Leasing Limited (“Neptune Leasing” or the “Company”) is pleased to announce that Costamare Inc., (“Costamare”) (NYSE: CMRE), has agreed to become the leading investor in Neptune Leasing through the investment of an amount of up to $200M. Costamare will be appointing three additional members to the Board of Neptune Leasing, including Vassilis Mantzavinos, an experienced shipping banker. Nikoletta Fouska, Chief Investment Offic
Atlas Corp. ("Atlas") (NYSE: ATCO) today announced that it has filed its 2022 annual report on Form 20-F, including its audited financial statements for the year ended December 31, 2022, with the Securities and Exchange Commission on EDGAR. These documents will also be available under the Investor Relations section of our website, and a hard copy will be provided to shareholders free of charge upon written request to IR@atlascorporation.com.
Maroussi, Greece, March 16, 2023 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), (the “Company” or “Pyxis Tankers”), an international pure-play product tanker company, today announced unaudited results for the three months and year ended December 31, 2022. Summary For the three months ended December 31, 2022, our Revenues, net were $18.4 million. For the same period, our time charter equivalent (“TCE”) revenues were $13.8 million, an increase of approximately $10.0 million or 256% from the comparab
MONACO, March 16, 2023 (GLOBE NEWSWIRE) -- Costamare Inc. (“Costamare” or the “Company”) (NYSE: CMRE) has agreed to become the leading investor in Neptune Maritime Leasing Limited (“Neptune Leasing”) through the investment of an amount of up to $200 million. Neptune Leasing is a growth-oriented maritime leasing platform providing flexible financing solutions to shipowners, which was established in 2021 by seasoned financier Harris Antoniou, who will continue as CEO. Mr. Vassilis Mantzavinos, an
MONACO, March 15, 2023 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (“Safe Bulkers” or the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that, on recommendation of the Corporate Governance, Nominating and Compensation Committee, the Board of Directors of the Company (the “Board”) voted to expand the size of the Board from seven directors to nine directors and to elect Kristin H. Holth and Marina Hajioannou to fill the new positions, effecti
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GLYFADA, Greece, March 15, 2023 (GLOBE NEWSWIRE) -- Globus Maritime Limited (“Globus” or the “Company”) (NASDAQ: GLBS), a dry bulk shipping company, announced today that, through a wholly owned subsidiary, it has entered into a binding agreement to sell to an unaffiliated third party its 2007-built supramax vessel, of 58,790 dwt, the m/v Sun Globe, for a gross price of US$ 14.1 million before commissions and expenses. The vessel is expected to be delivered to its new owner between May 1, 2023, a
Further to the announcement on February 6, 2023, Golar LNG Limited (“Golar”) is pleased to confirm today that the agreement to acquire New Fortress Energy Inc.’s (“NFE”) interest in FLNG Hilli, effective January 1, 2023, has closed. In return for NFE’s 50% Common Unit holding in Golar Hilli LLC, Golar has transferred its remaining 4.1 million NFE shares to NFE, paid NFE $100 million in cash, and assumed approximately $323 million of FLNG Hilli debt. FORWARD LOOKING STATEMENTS This press release