Aggregated price index with volume information
- Mortgage Reits stocks down -0.0% on average while median return down -0.3% in a day
- Mortgage Reits stocks down 2.6% on average while median return down 2.5% in a week
- Mortgage Reits stocks down 6.5% on average while median return down 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 $DRV 26.9%, $PW 26.5%, $SRS 17.4%, $ACGL 3.4%, $LOAN 0.6%
- 1M losers are : Losers for past month are $WMC -11.7%, $MFA -12.6%, $ARR -13.3%, $MITT -15.5%, $DRN -24.0%
- 1W winners are : Winners for past week are $DRV 4.1%, $LOAN 3.9%, $SRS 3.0%, $PCH 1.0%
- 1W losers are : Losers for past week are $MFA -5.8%, $ORC -5.9%, $CIM -6.2%, $CHMI -8.1%, $ARR -8.2%
Index correlation analysis
Correlation for the past month is 38.7%, for the past 3 months is 32.2%
In the past month for a 5 days rolling window, the highest corrrelation is 59.4%, the lowest correlation is 9.7%, the latest correlation is 33.6%
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 99.0% between ICF and IYR
The lowest correlation is -98.7% between DRN and DRV
September was an ugly month for real estate investment trust (REIT) investors. Statements from the September Federal Open Markets Committee (FOMC) meeting confirming another rate hike in 2023, high interest rates for longer and fewer cuts in 2024 triggered a brutal across-the-board REIT sell-off. Although the last two days of September were positive, many of the stalwart REIT leaders, such as Realty Income Corp. (NYSE:O), Mid-America Apartment Communities Inc. (NYSE:MAA), SBA Communications Corp
Duke Energy Progress serves customers in central and eastern North Carolina, as well as in the Asheville area.
Piedmont Natural Gas today issued its annual winter bills forecast for the upcoming winter period. The company estimates that, depending on the state, its typical residential customer's monthly natural gas bill will decrease by an average of approximately $3 to $26 per month from November to March, or $16 to $131 total, when compared to rates in effect during the 2022-2023 winter period.
Duke Energy Progress will implement new rates for North Carolina customers on Oct. 1 as approved by the North Carolina Utilities Commission (NCUC).
CenterPoint (CNP) increases the quarterly dividend to 20 cents per share, reflecting a rise of 5.3% from the previous payout.
Zacks.com users have recently been watching Annaly (NLY) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
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MFA Financial Inc(NYSE:MFA) recently announced a dividend of $0.35 per share, payable on 2023-10-31, with the ex-dividend date set for 2023-09-29. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's deep dive into MFA Financial Incs dividend performance and assess its sustainability.
It is very easy for dividend investors to get drawn in by an ultra-high dividend yield, like the 15% yield on offer from AGNC Investment (NASDAQ: AGNC). If you had purchased $1,000 worth of AGNC stock a decade ago, it would be worth just over $413 today. The REIT business structure is specifically designed to pass income on to investors so they can benefit from the cash flows generated by institutional-level real estate investments.
AGNC has a huge yield, but it's not a great option for those seeking a reliable dividend. Realty Income is a better choice.