Aggregated price index with volume information
Summary:
- Nuclear Electric Power Generation stocks down 0.3% on average while median return down 0.3% in a day
- Nuclear Electric Power Generation stocks up 2.7% on average while median return up 2.8% in a week
- Nuclear Electric Power Generation stocks up 1.6% on average while median return up 3.8% 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 $NEE 8.9%, $ES 7.5%, $SO 7.4%, $POR 6.8%, $GNE 6.5%
- 1M losers are : Losers for past month are $CIG -2.4%, $HE -3.3%, $KEP -7.5%, $EDN -8.0%, $ELP -10.0%
- 1W winners are : Winners for past week are $SO 5.4%, $AEP 5.2%, $NEE 4.5%, $EIX 4.4%, $OTTR 4.1%
- 1W losers are : Losers for past week are $ELP -1.1%, $CIG -1.2%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 54.6%, for the past 3 months is 44.7%
In the past month for a 5 days rolling window, the highest corrrelation is 65.2%, the lowest correlation is -0.2%, the latest correlation is 56.7%
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 93.8% between EXC and LNT
The lowest correlation is -24.2% between AEPPZ and OGE
DTE Energy's (DTE) first-quarter earnings miss estimates but rise year over year by 25.6%. The company's 2024 outlook remains unchanged.
Southern Co. (SO) 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.
CMS Energy (CMS) delivered earnings and revenue surprises of 5.43% and 7.26%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Falling interest rates and accelerating demand for renewable energy should drive these dividend stocks higher.
PSEG's (PEG) Q1 results are likely to reflect the adverse impacts of an atmospheric river storm, along with higher depreciation and interest expenses.
CenterPoint (CNP) 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.
Edison International (EIX) 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.
CMS Energy's (CMS) Q1 earnings are likely to have gained from solid revenue expectations and cost-reduction initiatives.
Entergy (ETR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
NextEra Energy (NEE) continues to benefit from Florida economy, adding 100,000 new customers to its existing volumes in the first quarter. Earnings per share are better than expectation.