Aggregated price index with volume information
Summary:
- Medical Distributors stocks up 1.9% on average while median return up 1.7% in a day
- Medical Distributors stocks up 7.6% on average while median return up 4.1% in a week
- Medical Distributors stocks up 4.7% on average while median return up 7.3% 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.
- 1M winners are : Winners for past month are $ACET 18.7%, $HLF 17.5%, $HSIC 12.0%, $PDCO 10.4%
- 1M losers are : Losers for past month are $APLS -1.7%, $CAH -2.7%
- 1W winners are : Winners for past week are $ACET 28.2%, $HLF 11.8%, $PDCO 5.0%, $APLS 4.7%
- 1W losers are : Losers for past week are
Correlation Analysis
Index correlation analysis
Correlation for the past month is 17.0%, for the past 3 months is 12.0%
In the past month for a 5 days rolling window, the highest corrrelation is 34.9%, the lowest correlation is -6.0%, the latest correlation is -1.8%
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 75.9% between CAH and MCK
The lowest correlation is -35.9% between ABC and HLF
Cardinal Health (CAH) concluded the recent trading session at $93.74, signifying a -0.38% move from its prior day's close.
Patterson Companies' (PDCO) latest integration features are likely to provide customers with additional options to streamline their experience.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Fiduciary Management Inc. (FMI), an independent money management firm, released its second quarter 2024 investor letter. A copy of the letter can be downloaded here. In the second quarter, global stock markets were mixed, while U.S. large-cap growth stocks continued to march to their beat. The U.S. small-cap stocks were slipping, and international stocks were staying […]
McKesson's (MCK) robust Biologics business raises optimism about the stock.
Cardinal Health (CAH) gains from a solid pharmaceutical segment and a diversified product portfolio. However, regulatory setbacks are a concern.
Robust acquisitions and a widespread distribution network bode well for Henry Schein's (HSIC) operations.
In the latest trading session, McKesson (MCK) closed at $575.23, marking a -1.98% move from the previous day.
Henry Schein, Inc. ( NASDAQ:HSIC ), might not be a large cap stock, but it saw significant share price movement during...
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.