Aggregated price index
Aggregated price index with volume information
Summary:
- The momentum of the sector is very strong.
- Oil Refining/Marketing stocks up 1.8% on average while median return up 1.8% in a day
- Oil Refining/Marketing stocks up 6.2% on average while median return up 6.8% in a week
- Oil Refining/Marketing stocks up 15.9% on average while median return up 10.3% 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.
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 $PARR 27.7%, $AE 23.7%, $VLO 20.6%, $MPC 17.6%, $CVI 12.0%
- 1M losers are : Losers for past month are $DK -0.5%
- 1W winners are : Winners for past week are $PARR 13.6%, $TGS 12.0%, $PBF 11.4%, $MPC 9.8%, $VLO 8.3%
- 1W losers are : Losers for past week are $AE -2.9%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 34.2%, for the past 3 months is 33.9%
In the past month for a 5 days rolling window, the highest corrrelation is 64.8%, the lowest correlation is -1.1%, the latest correlation is 9.2%
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 90.3% between MPC and VLO
The lowest correlation is -42.8% between PBFX and UGP
Stock news
Integrated energy company Phillips 66 is scheduled to report latest quarterly numbers on Tuesday. In this daily bar chart of PSX, below, I can see a strong rally from late September. PSX corrected into December and has resumed the advance.
American refiners had an exceptional 2022. Low natural gas prices and a Russian product ban show conditions still look favorable.
Top stocks include Target Hospitality, Madrigal Pharmaceuticals, and TransMedics Group, which soared more than 300% in the past year while the Russell 2000 Index lost a 10th of its value.
Increased refinery throughput volumes and a higher refining margin aid Valero Energy's (VLO) Q4 earnings.
Zacks.com users have recently been watching PBF Energy (PBF) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Valero Energy (VLO) delivered earnings and revenue surprises of 13.42% and 2.04%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
In this article, we discuss 15 most undervalued large cap stocks to buy according to hedge funds. If you want to see more stocks in this selection, 5 Most Undervalued Large Cap Stocks To Buy According To Hedge Funds. Large cap stocks are preferred by investors because they are typically well-established companies with a strong […]
High refining margins are likely to have boosted Marathon Petroleum's (MPC) profit levels in the fourth quarter.
Valero Energy Corp said product margins will stay elevated after it zoomed passed Wall Street estimates for quarterly profit on Thursday, wrapping up the refiner's best year on record, boosted by higher demand for fuel amid tight crude supplies. "Looking ahead, we expect low product inventories and continued increase in product demand to support margins, particularly for U.S. coastal refiners," Chief Executive Officer Joseph Gorder said on a call with analysts. Valero's refineries operated at ...
SAN ANTONIO, January 26, 2023--Valero Energy Corporation (NYSE: VLO, "Valero") today reported net income attributable to Valero stockholders of $3.1 billion, or $8.15 per share, for the fourth quarter of 2022, compared to $1.0 billion, or $2.46 per share, for the fourth quarter of 2021. Excluding the adjustments shown in the accompanying earnings release tables, adjusted net income attributable to Valero stockholders was $3.2 billion, or $8.45 per share, for the fourth quarter of 2022, compared