Aggregated price index with volume information
Summary:
- Precious Metals stocks down 0.2% on average while median return down 0.3% in a day
- Precious Metals stocks down 0.2% on average while median return down 0.8% in a week
- Precious Metals stocks up 14.7% on average while median return up 12.5% 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 $SSRM 36.7%, $FSM 33.3%, $CDE 32.7%, $PAAS 32.3%, $MAG 31.1%
- 1M losers are : Losers for past month are $CTGO -0.2%, $OR -0.3%, $DRD -0.6%, $BVN -6.9%
- 1W winners are : Winners for past week are $GMGI 27.9%, $SILV 14.1%, $SSRM 8.1%, $EXK 5.9%, $GATO 2.9%
- 1W losers are : Losers for past week are $GFI -4.4%, $DRD -8.1%, $AU -8.1%, $NG -8.9%, $SBSW -10.0%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 41.7%, for the past 3 months is 43.5%
In the past month for a 5 days rolling window, the highest corrrelation is 61.1%, the lowest correlation is 7.9%, the latest correlation is 50.4%
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 93.8% between AU and HMY
The lowest correlation is -44.0% between AEM and AUY
Southern Copper (SCCO) 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.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Freeport-McMoRan (FCX), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.
Recently, Zacks.com users have been paying close attention to Freeport-McMoRan (FCX). This makes it worthwhile to examine what the stock has in store.
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The Zacks Mining - Non Ferrous industry's prospects look upbeat, backed by strong demand from the energy-transition trend. Stocks like SCCO, FCX, LUNMF, ERO and LEU are worth keeping a tab on, backed by their growth prospects.
Freeport-McMoRan (FCX) 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.
Mining stocks were among the worst performing in the premarket after gold futures took a step back on Monday. Freeport-McMoRan Inc was down 1.5% before the market opened. Alcoa slipped 1.1%, and Southern Copper was down 3.
In the most recent trading session, Freeport-McMoRan (FCX) closed at $50.02, indicating a +1.11% shift from the previous trading day.
Vancouver, British Columbia and Johannesburg, South Africa--(Newsfile Corp. - April 15, 2024) - Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) ("Platinum Group", "PTM" or the "Company") reports the Company's financial results for the six months ended February 29, 2024, and provides an update and outlook. The Company is focused on advancing the Waterberg Project located on the Northern Limb of the Bushveld Complex in South Africa (the "Waterberg Project"). The ...
Copper prices now sit at their highest level in about two years, which has catapulted copper stocks to higher highs. All thanks to supply issues. According to Mining.com, “Disruptions at major mines have left smelters paying historically steep prices to get hold of mined ore, and Chinese plants — which produce more than half of the world’s refined copper — are moving closer to implementing a joint output cut in response. At the same time, tentative signs of a return to growth in the global manuf