Aggregated price index
Aggregated price index with volume information
Summary:
- Oil Refining/Marketing stocks up 0.6% on average while median return up 0.4% in a day
- Oil Refining/Marketing stocks up 0.8% on average while median return up 0.1% in a week
- Oil Refining/Marketing stocks up 4.6% on average while median return up 5.5% 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.
Click on + to show price series and click on ticker for stock detail page
* P/E and MarketCap are refreshed daily using IEX Cloud service. P/B, P/S, PEG, growth, short%, HelbyInstitute are refreshed weekly using Yahoo feeds. For latest stock stats please visit Yahoo Finance.
* Price Patter: / is upward trend, \ is downward trend, - is sideway. Click on the ticker to go to stock page to see Bayesian Trend model plot of the time series.
* Channel and change points are derived from Bayesian Trend model, where the channel slope is the growth rate while change points are those the model partition the time series.
- 1M winners are : Winners for past month are $CVI 25.0%, $DK 24.5%, $VLO 20.3%, $TREC 17.3%, $PBF 14.3%
- 1M losers are : Losers for past month are $TGS -2.0%, $UGP -2.0%, $NS -4.5%, $TRGP -9.1%, $AE -12.4%
- 1W winners are : Winners for past week are $NS 8.9%, $PBFX 6.1%, $UGP 5.9%, $PARR 2.5%, $MPC 0.5%
- 1W losers are : Losers for past week are $WES -0.2%, $CVI -1.5%, $PBF -2.0%, $VLO -3.0%, $TRGP -4.0%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 39.1%, for the past 3 months is 28.4%
In the past month for a 5 days rolling window, the highest corrrelation is 56.1%, the lowest correlation is 3.0%, the latest correlation is 27.1%
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 93.9% between MPC and TRGP
The lowest correlation is -30.0% between PBFX and TREC
Stock news
The energy sector is composed of companies focused on the exploration, production, and marketing of oil, gas, and renewable resources around the world. Energy sector stocks include upstream companies that primarily engage in the exploration of oil or gas reserves, such as Devon Energy Corp. Downstream companies include Marathon Petroleum Corp., which refines and processes oil and gas products for delivery to consumers. Among the industry’s biggest players are Chevron Corp. and ExxonMobil Corp.
Here is how Geopark (GPRK) and PBF Energy (PBF) have performed compared to their sector so far this year.
Phillips 66 (PSX) gets authorization from the board of directors to hike its quarterly dividend.
The oil giant, Chevron (CVX), partners with Indonesian state-owned Pertamina to explore lower-carbon commercial opportunities in the country.
If you are looking for stocks that are well positioned to maintain their recent uptrend, Valero Energy (VLO) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
Increased contributions from the Refining segment aid PBF Energy's (PBF) Q1 earnings.
J.P. Morgan sees pump prices surging from $4.50 as Americans take to the road for summer. Blame the industry's new economics.
Targa Resources' (TRGP) share price dips after its first-quarter earnings and revenues lag the consensus mark.
These dividend stocks distribute high yields and have strong buy ratings, making them great opportunities for passive income investors. Fortress Transportation and Infrastructure Investors (FTAI): Forward dividend yield of 7.06% and an upside of 81.54%. Global Medical REIT (GMRE): Forward dividend yield of 6.43% and an upside of 30.69%. Diamondback Energy (FANG): Forward dividend yield of 6.06% and an upside of 39.83%. Rent-A-Center (RCII): Forward dividend yield of 4.82% and an upside of 40.82%
While recessionary forces have substantially affected the equities market, oil stocks to buy now are doing quite well. Chevron (CVX): One of the big oil giants, Chevron’s comprehensive exposure to the hydrocarbon energy industry makes it a no-brainer among oil stocks to buy now. ConocoPhillips (COP): Billed as Alaska’s largest crude oil producer, COP has become one of the most relevant oil stocks both fundamentally and politically. Marathon Oil (MRO): An independent energy firm focusing on explo