Aggregated price index with volume information
Summary:
- Marine Shipping stocks down 0.3% on average while median return down 0.3% in a day
- Marine Shipping stocks down 0.9% on average while median return down 0.6% in a week
- Marine Shipping stocks up 0.6% on average while median return up -0.7% 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 $GRIN 31.8%, $DLNG 15.9%, $LPG 8.3%, $KEX 7.2%, $EURN 6.6%
- 1M losers are : Losers for past month are $PSHG -5.6%, $SB -6.4%, $CPLP -7.2%, $ESEA -7.3%, $GLBS -9.8%
- 1W winners are : Winners for past week are $LPG 4.3%, $FRO 4.1%, $DLNG 3.5%, $GRIN 2.3%, $GOGL 1.9%
- 1W losers are : Losers for past week are $KEX -4.2%, $GLBS -4.9%, $TRMD -5.0%, $ESEA -5.6%, $PSHG -5.6%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 23.0%, for the past 3 months is 16.6%
In the past month for a 5 days rolling window, the highest corrrelation is 46.4%, the lowest correlation is -2.0%, the latest correlation is 28.1%
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 88.4% between GNK and GOGL
The lowest correlation is -47.9% between EURN and GASS
Maroussi, Greece – April 17, 2024 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), an international shipping company, announced today that its Annual Report on Form 20-F for the year ended December 31, 2023 has been filed with the Securities and Exchange Commission and can be accessed on our website, www.pyxistankers.com. Alternatively, shareholders may also request a hard copy of the annual report containing our audited financial statements, free of charge, by contacting us using the contact detail
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