Aggregated price index with volume information
Summary:
- Precious Metals stocks down 0.7% on average while median return down 0.4% in a day
- Precious Metals stocks down 5.5% on average while median return down 5.2% in a week
- Precious Metals stocks down 9.9% on average while median return down 10.7% 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 $GATO 10.2%, $GMGI 6.5%, $EMX 2.3%
- 1M losers are : Losers for past month are $AG -17.8%, $EXK -18.2%, $DRD -21.0%, $USAU -21.1%, $MUX -21.5%
- 1W winners are : Winners for past week are $AG 0.4%, $FCX 0.4%, $GMGI 0.3%
- 1W losers are : Losers for past week are $NEM -9.3%, $GFI -10.1%, $NG -11.7%, $HMY -12.4%, $AU -12.9%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 40.8%, for the past 3 months is 48.8%
In the past month for a 5 days rolling window, the highest corrrelation is 62.1%, the lowest correlation is 20.2%, the latest correlation is 45.4%
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 86.8% between EXK and FSM
The lowest correlation is -50.0% between GMGI and HMY
Zacks.com users have recently been watching Freeport-McMoRan (FCX) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
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