Aggregated price index with volume information
Summary:
- Mortgage Insurers stocks up 2.3% on average while median return up 1.8% in a day
- Mortgage Insurers stocks up 4.3% on average while median return up 4.8% in a week
- Mortgage Insurers stocks up 8.0% on average while median return up 11.5% 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 $RDN 21.0%, $NMIH 19.1%, $MTG 17.9%, $ESNT 12.6%
- 1M losers are : Losers for past month are $ACGL -2.9%, $MBI -11.5%
- 1W winners are : Winners for past week are $MTG 6.3%, $RDN 6.0%, $NMIH 5.1%, $GNW 5.1%
- 1W losers are : Losers for past week are
Correlation Analysis
Index correlation analysis
Correlation for the past month is 42.2%, for the past 3 months is 39.7%
In the past month for a 5 days rolling window, the highest corrrelation is 78.6%, the lowest correlation is 16.0%, the latest correlation is 51.4%
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 95.4% between MTG and RDN
The lowest correlation is -0.5% between GNW and MBI
NMI Holdings (NMIH) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Essent Group (ESNT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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MGIC Investment Corporation (NYSE: MTG) announced that its Board of Directors declared a quarterly cash dividend of $0.13 per share, an increase of 13% from the last quarterly dividend paid of $0.115 per share. This quarter's dividend will be payable on August 22, 2024, to shareholders of record as of August 8, 2024.
Arch Capital's (ACGL) second-quarter results are likely to reflect growth in invested assets, existing accounts and new business opportunities, partly offset by escalating expenses.
The latest trading day saw Arch Capital Group (ACGL) settling at $96.40, representing a +0.18% change from its previous close.
Hanover Insurance (THG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
HAMILTON, Bermuda, July 23, 2024--Assured Guaranty Ltd. (NYSE:AGO) (the Company) today announced that it will issue its financial results press release for the second quarter ended June 30, 2024 after 4:00 p.m. Eastern Time (5:00 p.m. Atlantic Time) on Wednesday, August 7, 2024. The press release and Assured Guaranty Ltd.'s Financial Supplement for June 30, 2024 will be available in the Investor Information section of the Company's website located at AssuredGuaranty.com.
NMI Holdings (NMIH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.