MARKET COMPOSITE
Pulp & Paper Stocks22-00-2023 20:00:00 PM
Price
$88.95
-0.94%
The list of companies include CLW-Clearwater Paper Corp, GLT-Glatfelter Corporation, ITP-IT Tech Packaging Inc, MERC-Mercer International Inc., RFP-Resolute Forest Products Inc
* Latest intraday update before market close @ 19:45:09 PM 09/22/2023
Summary
:
Average return is down -0.6%
Median return is down -0.9%
1 out of 4 stocks are up (limited to those with intraday pricing feeds).
Top Movers
:
CLW -1.0%MERC -0.9%SUZ -0.8%GLT + 0.5%

Aggregated price index with volume information

Summary:

  • Pulp & Paper stocks down 0.9% on average while median return down 1.2% in a day
  • Pulp & Paper stocks down 4.4% on average while median return down 2.8% in a week
  • Pulp & Paper stocks up 1.9% on average while median return up -2.5% 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.

Related Stocks
Ticker
1d
7d
30d
PE Ratio
PE/G
P/B (mrq)
P/S (ttm)
Earning Growth
MarketCap
Short %
Held By Institutions %
RSI
Price Pattern
Resist Support
Days Since Channel Change
Channel Slope (daily rate %)
GLT0.0%
-16.0%
-3.1%
-0.74121.851.080.6813%99.1M2%94%45-\/1920.1%
SUZ-1.1%
4.8%
10.0%
3.400.4714.8B1%69/\/Above resistance1920.0%
MERC-1.3%
-7.4%
-4.0%
-13.111.741.430.55552.2M2%51%45\/-\192-0.2%
CLW-1.4%
1.8%
-1.9%
8.9912.520.890.2618%598M6%92%51/-/\192-0.1%
* 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.
Detail Performance Summary
  • 1M winners are : Winners for past month are $SUZ 10.0%
  • 1M losers are : Losers for past month are $GLT -3.1%, $MERC -4.0%
  • 1W winners are : Winners for past week are $SUZ 4.8%, $CLW 1.8%
  • 1W losers are : Losers for past week are $MERC -7.4%, $GLT -16.0%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 15.9%, for the past 3 months is 9.3%

In the past month for a 5 days rolling window, the highest corrrelation is 38.0%, the lowest correlation is -20.3%, the latest correlation is 32.6%

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 44.4% between CLW and MERC

The lowest correlation is -19.9% between CLW and GLT

Stock news

    NEW YORK, Sept. 22, 2023 (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq: MERC) today announced that Richard Short, Chief Financial Officer and Secretary, will be presenting at the following upcoming conference: TD Securities Paper and Forest Products Conference, TorontoSeptember 26th, 2023 A copy of the presentation will be posted in the “Investors - News Releases & Presentations” section on the Company’s web site (https://mercerint.com/investors/news-releases-presentations/) on the morni

    NEW YORK, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq: MERC) (the "Company") today announced that it has completed its previously announced private offering of $200.0 million aggregate principal amount of 12.875% senior notes due October 1, 2028 (the "2028 Notes"). The 2028 Notes were issued at a price of 100.000% of their principal amount. The net proceeds of the offering will be used by the Company to pay down borrowings under its Canadian revolving credit facility, an

    Delving into the financials and intrinsic value of Suzano SA (SUZ)

    NEW YORK, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq: MERC) (the "Company") today announced the pricing of its private offering of $200.0 million in aggregate principal amount of 12.875% senior notes due October 1, 2028 (the "2028 Notes"). The 2028 Notes are being issued at a price of 100% of their principal amount. The net proceeds of the offering will be used by the Company to pay down borrowings under its Canadian revolving credit facility, and for working capital an

    In the latest trading session, Suzano S.A. Sponsored ADR (SUZ) closed at $10.79, marking a +1.31% move from the previous day.

    SPOKANE, Wash., September 19, 2023--Clearwater Paper Corporation (NYSE: CLW) today announced that President and Chief Executive Officer, Arsen Kitch, and Senior Vice President and Chief Financial Officer, Sherri Baker, will participate in a fireside chat at the 2023 TD Paper & Forest Products Conference in Toronto on Tuesday, September 26th beginning at 10:00am EST. Mr. Kitch and Ms. Baker will also be available for one-on-one and group meetings.

    CHARLOTTE, N.C., Sept. 19, 2023 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, has been nominated as a finalist for the 2023 Hygienix Innovation Award™ for its GlatPure™ product range, a full range of bio-based absorbent hygiene components derived from renewable materials. This prestigious award recognizes and rewards a company that utilizes and demonstrates innovation in the hygiene market. Designed for environmentally conscious consum

    NEW YORK, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq: MERC) (the "Company") today announced that it intends to offer for sale (the "Offering") $200.0 million in aggregate principal amount of senior notes due 2028 (the "2028 Notes"). The Company intends to use the net proceeds of the Offering to pay down borrowings under its Canadian revolving credit facility, and for working capital and general corporate purposes, including discretionary capital projects at its faciliti

    Suzano S.A. Sponsored ADR (SUZ) closed at $10.20 in the latest trading session, marking a +1.29% move from the prior day.

    Key Insights Institutions' substantial holdings in Glatfelter implies that they have significant influence over the...