Aggregated price index with volume information
- Oil & Gas Production stocks down 1.2% on average while median return down 1.4% in a day
- Oil & Gas Production stocks up 3.4% on average while median return up 3.3% in a week
- Oil & Gas Production stocks up 1.4% on average while median return up 0.7% 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 $AMR 28.8%, $PNRG 19.6%, $BPT 18.2%, $OBE 17.4%, $VOC 16.5%
- 1M losers are : Losers for past month are $NEXT -14.5%, $SBOW -15.1%, $FRHC -15.9%, $EPM -18.7%, $MTR -22.8%
- 1W winners are : Winners for past week are $KOS 14.7%, $VIST 10.9%, $AMR 10.3%, $VOC 10.1%, $BTE 9.4%
- 1W losers are : Losers for past week are $CRT -1.8%, $FRHC -2.0%, $PBT -2.2%, $HUSA -3.0%, $NEXT -4.7%
Index correlation analysis
Correlation for the past month is 38.4%, for the past 3 months is 34.1%
In the past month for a 5 days rolling window, the highest corrrelation is 59.1%, the lowest correlation is 3.7%, the latest correlation is 59.1%
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 92.8% between DEN and FANG
The lowest correlation is -49.8% between BATL and BPT
Eight predominantly brand-name, time-tested stocks account for $288.5 billion of Warren Buffett's nearly $347 billion investment portfolio.
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