Aggregated price index with volume information
Summary:
- Oil Refining/Marketing stocks up 0.3% on average while median return up 0.0% in a day
- Oil Refining/Marketing stocks up 1.7% on average while median return up 1.4% in a week
- Oil Refining/Marketing stocks up 0.6% on average while median return up -1.2% 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 $TGS 11.7%, $AE 10.2%, $TRGP 5.2%, $PBF 3.0%, $WES 2.1%
- 1M losers are : Losers for past month are $DK -4.3%, $PSX -4.7%, $CVI -4.8%, $UGP -7.8%, $PARR -11.0%
- 1W winners are : Winners for past week are $TGS 5.4%, $TRGP 3.5%, $PBF 3.3%, $NS 2.2%, $PARR 2.0%
- 1W losers are : Losers for past week are $DK -1.1%, $PSX -2.1%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 41.4%, for the past 3 months is 28.1%
In the past month for a 5 days rolling window, the highest corrrelation is 56.2%, the lowest correlation is 9.4%, the latest correlation is 25.0%
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 96.3% between MPC and VLO
The lowest correlation is -9.7% between CVI and UGP
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ExxonMobil's (XOM) Q1 earnings suffer due to decreased total production and lower natural gas price realizations.
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Antero Resources' (AR) Q1 earnings benefit from higher production volumes, driven by strong well performance and lower operating expenses.
Valero's (VLO) Q1 earnings gain from a decline in total cost of sales.
The price-to-sales ratio is a convenient tool to gauge the value of stocks incurring losses or in an early development cycle. Stocks like LAKE, PBF, AMG, BBSI and JAKK hold promise.
Iron Mountain (IRM), Suzano (SUZ), PulteGroup (PHM), TE Connectivity (TEL) and Valero (VLO) are some of the stocks with high ROE to profit from as markets remain on the edge before Fed policy meeting.
The board of Targa Resources Corp. ( NYSE:TRGP ) has announced that it will be paying its dividend of $0.75 on the 15th...
Refiner Valero Energy beat first-quarter profit estimates on Thursday, benefiting from sustained demand as supplies remained tight due to disruptions in Russia and maintenance work at U.S. refineries. Fuel supplies came under pressure as Ukrainian drone attacks shut several Russian refineries, while U.S. refiners routinely scheduled maintenance in the first quarter to prepare equipment for high demand in the summer driving season. Despite the disruptions, overall U.S. product supplied, a proxy...
SAN ANTONIO, April 25, 2024--Valero Energy Corporation (NYSE: VLO, "Valero") today reported net income attributable to Valero stockholders of $1.2 billion, or $3.75 per share, for the first quarter of 2024, compared to $3.1 billion, or $8.29 per share, for the first quarter of 2023. Excluding the adjustments shown in the accompanying earnings release tables, adjusted net income attributable to Valero stockholders was $1.3 billion, or $3.82 per share, compared to $3.1 billion, or $8.27 per share,