Aggregated price index with volume information
- Motor Vehicles stocks up 0.2% on average while median return up 0.4% in a day
- Motor Vehicles stocks up 3.5% on average while median return up 1.4% in a week
- Motor Vehicles stocks up 0.6% on average while median return up -1.3% 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 $NKLA 23.6%, $REVG 17.7%, $FSR 10.9%, $KNDI 7.1%, $TM 7.0%
- 1M losers are : Losers for past month are $RACE -7.7%, $NIU -9.9%, $GP -14.2%, $NIO -15.3%, $FUV -20.0%
- 1W winners are : Winners for past week are $NKLA 25.6%, $FSR 14.0%, $XPEV 11.7%, $BLBD 9.8%, $NIO 6.0%
- 1W losers are : Losers for past week are $NIU -0.4%, $FUV -0.5%, $TM -3.9%, $HMC -4.5%, $GP -8.4%
Index correlation analysis
Correlation for the past month is 12.6%, for the past 3 months is 15.5%
In the past month for a 5 days rolling window, the highest corrrelation is 43.8%, the lowest correlation is -4.2%, the latest correlation is 10.8%
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 83.3% between HMC and TM
The lowest correlation is -39.1% between HMC and NIO
U.S.-listed Chinese stocks have struggled amid weaker China economic data. But PDD Holdings and EV play XPeng are flashing aggressive buy signals.
While pay increases following the strike will take the shine off automakers’ margins, their electric vehicles are still making huge losses.
Discovering the intrinsic value of Honda Motor Co (HMC) based on its recent performance and market trends
The UAW had been planning to announce a new strike at Stellantis NV, but the company called moments before the scheduled 10 a.m. address and made significant changes in its contract proposal, Fain said. The strike will expand to Ford's Chicago assembly plant and GM's Lansing, Michigan, assembly plant, covering about 7,000 workers.
The United Auto Workers union is expanding its set of historic rolling strikes against the Detroit Three: General Motors , Ford and Stellantis . Union President Shawn Fain said Sept. 29 that, despite the union's "willingness to bargain," both Ford and GM have "refused to make meaningful progress." Fain called an additional 7,000 UAW members to stand up and strike starting at noon Sept. 29.
In this article, we discuss what is a covered call and 10 best stocks to buy or covered calls. You can skip our detailed analysis of the covered call strategy and its performance over the years, and go directly to read 5 Best Stocks for Covered Calls. What is a Covered Call Strategy? A covered […]
United Auto Workers (UAW) President Shawn Fain announced today the union's intentions to expand the ongoing strike against two of the Big Three automakers — Ford (F), General Motors (GM) — for a second time. Fain calls on for 7,000 additional auto workers to join the picket line by noon today, noting the UAW has reportedly been in talks with Stellantis (STLA) and seeing progress in their labor talks. Yahoo Finance Autos Reporter Pras Subramanian breaks down Fain's latest statement and updates on...
Investing.com -- The S&P 500 turned negative Friday, as concerns about the impact of a government shutdown forced stocks to give up gains following data showing easing inflation.
Ford Motor Chief Executive Jim Farley blasted United Auto Workers leaders on Friday, saying they were holding up a new U.S. labor agreement hours after the UAW escalated the strike that is now in its third week, with the companies and workers far apart on their demands. UAW President Shawn Fain on Friday expanded the first-ever simultaneous strike against the Detroit Three, ordering workers to walk off the job at Ford's Chicago assembly plant and GM's Lansing, Michigan, assembly plant.
Investing.com -- The United Auto Workers will expand strikes at plants owned by Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM) on Friday as the union says not enough progress has been made in labor contract negotiations.