Aggregated price index with volume information
Summary:
- Payment System stocks up 0.1% on average while median return up 0.2% in a day
- Payment System stocks down 3.0% on average while median return down 2.0% in a week
- Payment System stocks down 2.9% on average while median return down 1.5% 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.
- 1M winners are : Winners for past month are $TNET 1.6%
- 1M losers are : Losers for past month are $MA -4.0%, $V -4.3%, $GPN -5.8%, $GDOT -6.6%, $SQ -9.1%
- 1W winners are : Winners for past week are $GDOT 0.6%
- 1W losers are : Losers for past week are $PYPL -4.0%, $WEX -4.5%, $ACIW -4.8%, $SQ -6.3%, $LC -8.6%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 43.4%, for the past 3 months is 27.0%
In the past month for a 5 days rolling window, the highest corrrelation is 71.6%, the lowest correlation is -5.0%, the latest correlation is 49.9%
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 83.5% between PYPL and SQ
The lowest correlation is -0.1% between MA and MGI
SAN JUAN, Puerto Rico, April 17, 2024--EVERTEC, Inc. (NYSE: EVTC) ("Evertec" or the "Company") today announced that it will host a conference call and webcast on Wednesday, May 1, 2024 at 4:30 p.m. ET to review first quarter financial results. Participating on the call will be Mac Schuessler, President and Chief Executive Officer, and Joaquin Castrillo, Chief Financial Officer. A press release with first quarter 2024 financial results will be issued shortly after the market closes on Wednesday,
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