Aggregated price index with volume information
Summary:
- Online Lending Platform stocks up 0.7% on average while median return up 1.9% in a day
- Online Lending Platform stocks down 2.0% on average while median return down 2.3% in a week
- Online Lending Platform stocks down 3.8% on average while median return down 4.2% 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
- 1M losers are : Losers for past month are $FPAY -13.0%
- 1W winners are : Winners for past week are $ENVA 2.3%
- 1W losers are : Losers for past week are $FPAY -6.1%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 14.6%, for the past 3 months is 4.3%
In the past month for a 5 days rolling window, the highest corrrelation is 64.4%, the lowest correlation is -31.0%, the latest correlation is 47.4%
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 68.1% between ENVA and LC
The lowest correlation is -13.5% between ELVT and FPAY
Mr Cooper (COOP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Enova International (ENVA) 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.
Enova International (NYSE: ENVA), a leading financial technology company powered by machine learning and world-class analytics, today announced the company's first quarter 2024 financial results will be released after the market close on Tuesday, April 23, 2024.
FPAY reports remarkable year-over-year growth in Q4, with gross profit up over 300% and a strong outlook for 2024.
Based on the average brokerage recommendation (ABR), Enova International (ENVA) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?
FlexShopper, Inc. (NASDAQ:FPAY) Q4 2023 Earnings Call Transcript April 2, 2024 FlexShopper, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Greetings. Welcome to the FlexShopper Fourth Quarter Financial Results Conference Call. At this time, all participants are in a […]
BOCA RATON, Fla., April 01, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (Nasdaq:FPAY) (“FlexShopper”), a leading national online lease-to-own (“LTO”) retailer and payment solution provider for underserved consumers, today announced its financial results for the quarter ended December 31, 2023. Results for Quarter Ended December 31, 2023, vs. Quarter Ended December 31, 2022: Total fundings increased 12.0% to $35.4 million from $31.6 million Total net lease and loan revenues and fees increased 40.9
Conference Call Scheduled for Tuesday, April 2, 2024, at 8:30 a.m. ETBOCA RATON, Fla., March 27, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (Nasdaq:FPAY) (“FlexShopper”), a leading national online lease-to-own (“LTO”) retailer and payment solution provider for underserved consumers, announced today that it intends to release its financial results for its fourth quarter and year end ended December 31, 2023, after the market closes on Monday, April 1, 2024. The Company intends to hold a conference
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