Aggregated price index with volume information
Summary:
- Precious Metals stocks up 0.9% on average while median return up 0.5% in a day
- Precious Metals stocks down 1.9% on average while median return down 2.2% in a week
- Precious Metals stocks up 8.2% on average while median return up 8.3% 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.
- 1M winners are : Winners for past month are $NG 41.3%, $CTGO 33.7%, $EXK 23.1%, $SSRM 20.1%, $SA 17.4%
- 1M losers are : Losers for past month are $FSM -4.5%, $BVN -5.1%, $PLG -8.3%, $FCX -9.0%, $TGB -13.3%
- 1W winners are : Winners for past week are $SA 12.2%, $NG 9.9%, $SSRM 3.4%, $GMGI 3.3%, $CTGO 1.1%
- 1W losers are : Losers for past week are $EXK -5.3%, $HMY -5.8%, $FSM -7.2%, $PLG -8.8%, $NGD -9.0%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 47.5%, for the past 3 months is 51.1%
In the past month for a 5 days rolling window, the highest corrrelation is 70.0%, the lowest correlation is 15.7%, the latest correlation is 34.3%
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 EXK and GATO
The lowest correlation is -42.6% between AUY and DRD
PHOENIX, July 23, 2024--Freeport (NYSE: FCX) today announced that it has posted its second-quarter and six-month 2024 financial and operating results press release on the Investor Relations page of its website at https://investors.fcx.com/investors/news-releases.
Freeport-McMoRan (FCX) concluded the recent trading session at $45.90, signifying a -0.04% move from its prior day's close.
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While Freeport (FCX) is expected to have gained from higher copper prices in Q2, increased costs and lower sales volumes are likely to have affected its results.
GMGI Golden Matrix Group LAS VEGAS, NV, July 19, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Golden Matrix Group (NASDAQ: GMGI) (“Golden Matrix” or the “Company”), a leading international developer and licensor of online gaming platforms, systems and gaming content, today announced the launch of an innovative Artificial Intelligence (“AI”) powered casino game recommender by its subsidiary, Meridianbet. The recommender is designed to optimize user engagement and enhance the gaming experience. “Th
We recently compiled a list of the 10 Best Materials Stocks to Buy According to Hedge Funds. In this article, we are going to take a look at where Freeport-McMoRan Inc. (NYSE:FCX) stands against the other materials stocks. When compared to high growth technology stocks, materials stocks are among the most stable ones on the […]