Aggregated price index with volume information
Summary:
- Medical/Nursing Services stocks down 0.6% on average while median return down 0.1% in a day
- Medical/Nursing Services stocks up 1.6% on average while median return up 2.5% in a week
- Medical/Nursing Services stocks down 5.6% on average while median return down 4.4% 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 $AMS 16.8%, $FMS 9.7%, $PDEX 8.8%, $GH 5.7%, $PNTG 5.0%
- 1M losers are : Losers for past month are $BRTX -9.3%, $SMTI -10.3%, $BDSX -12.5%, $CRDF -29.3%, $OPTN -38.3%
- 1W winners are : Winners for past week are $GH 10.4%, $FMS 9.4%, $ACCD 8.0%, $USPH 5.6%, $CSTL 5.4%
- 1W losers are : Losers for past week are $ADUS -1.2%, $RCM -2.6%, $CRDF -7.1%, $BRTX -8.6%, $OPTN -9.3%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 10.1%, for the past 3 months is 9.4%
In the past month for a 5 days rolling window, the highest corrrelation is 17.5%, the lowest correlation is -2.0%, the latest correlation is 1.2%
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 67.0% between ACHC and MD
The lowest correlation is -48.5% between NTRA and PDEX
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HOUSTON, April 23, 2024--U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, announced that it will report its financial results for the first quarter ended March 31, 2024, on Tuesday, May 7, 2024, after the stock market closes, with the conference call to follow the next morning, on Wednesday, May 8, 2024.
Philips (PHG) announces the FDA clearance for its Zenition 30 mobile C-arm, which is intended to aid in image-guided procedures at a relatively affordable cost.
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