Aggregated price index
Aggregated price index with volume information
Summary:
- Property/Casualty Insurance stocks up 0.6% on average while median return up 1.1% in a day
- Property/Casualty Insurance stocks down 0.9% on average while median return down -0.6% in a week
- Property/Casualty Insurance stocks down 4.5% on average while median return down 1.8% 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.
Click on + to show price series and click on ticker for stock detail page
* P/E and MarketCap are refreshed daily using IEX Cloud service. P/B, P/S, PEG, growth, short%, HelbyInstitute are refreshed weekly using Yahoo feeds. For latest stock stats please visit Yahoo Finance.
* Price Patter: / is upward trend, \ is downward trend, - is sideway. Click on the ticker to go to stock page to see Bayesian Trend model plot of the time series.
* Channel and change points are derived from Bayesian Trend model, where the channel slope is the growth rate while change points are those the model partition the time series.
- 1M winners are : Winners for past month are $ERIE 18.1%, $SIGI 12.2%, $SAFT 8.2%, $KFS 6.4%, $UVE 4.9%
- 1M losers are : Losers for past month are $MHLD -13.4%, $ARGO -14.0%, $HALL -16.4%, $HRTG -25.2%, $OXBR -38.9%
- 1W winners are : Winners for past week are $KFS 6.4%, $SIGI 5.9%, $SAFT 5.2%, $HCI 5.1%, $AFG 3.7%
- 1W losers are : Losers for past week are $UNAM -10.3%, $UIHC -13.1%, $OXBR -14.2%, $HRTG -14.3%, $MHLD -16.7%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 29.8%, for the past 3 months is 22.5%
In the past month for a 5 days rolling window, the highest corrrelation is 39.3%, the lowest correlation is 6.1%, the latest correlation is 26.2%
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 93.5% between AFG and L
The lowest correlation is -54.2% between CNFR and NSEC
Stock news
Today's Research Daily features new research reports on 16 major stocks, including Abbott Laboratories (ABT), T-Mobile US, Inc. (TMUS) and Intuit Inc. (INTU).
A compelling portfolio of products and expansive risk management services, strategic buyouts, solid balance sheet and effective capital deployment bode well for Intercontinental (ICE) growth.
Cigna (CI) closes the deal to divest its life, accident and supplemental benefits businesses to Chubb. CI primarily intends to pursue share repurchases with proceeds received from the transaction.
Solid policies in force, competitive rates and its leadership position bodes well for Progressive's (PGR) growth.
CINCINNATI, July 01, 2022--American Financial Group, Inc. (NYSE: AFG) announced that it has declared a regular dividend of $0.56 per share of American Financial Group Common Stock. The dividend is payable on July 25, 2022 to holders of record on July 15, 2022.
NMI Holdings (NMIH) is well-poised for growth owing to the increasing size of the U.S. mortgage insurance market, expansion of customer franchise and a well-performing reinsurance market.
Reinsurance Group (RGA) is poised to benefit from higher transaction and other fees, favorable longevity experience as well as prudent capital deployment.