Aggregated price index with volume information
Summary:
- Pulp & Paper stocks up 1.0% on average while median return up 0.9% in a day
- Pulp & Paper stocks down 0.7% on average while median return down -0.7% in a week
- Pulp & Paper stocks down 10.8% on average while median return down 9.6% 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 $GLT 19.1%, $SUZ 3.5%
- 1M losers are : Losers for past month are $MERC -22.6%, $CLW -32.6%
- 1W winners are : Winners for past week are $GLT 6.5%, $CLW 1.2%
- 1W losers are : Losers for past week are $MERC -10.5%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 3.7%, for the past 3 months is 3.1%
In the past month for a 5 days rolling window, the highest corrrelation is 49.1%, the lowest correlation is -20.0%, the latest correlation is -15.2%
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 49.4% between MERC and SUZ
The lowest correlation is -35.9% between CLW and SUZ
CHARLOTTE, N.C., Aug. 16, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT), and Berry Global Group, Inc. (NYSE: BERY) today announce additional director designees for the board of directors for the combined company. The new directors will be appointed and will begin serving as directors effective upon the closing of the proposed merger of Berry’s Health, Hygiene and Specialties Global Nonwovens and Films (“HHNF”) business with Glatfelter. As previously disclosed, upon closing of the t
We recently compiled a list of the 15 Best Lumber Stocks To Buy Now. In this article, we are going to take a look at where Clearwater Paper Corporation (NYSE:CLW) stands against the other lumber stocks. The lumber market has faced considerable volatility in recent years, driven by a confluence of dynamic and interconnected factors. In […]
We recently compiled a list of the 15 Best Lumber Stocks To Buy Now. In this article, we are going to take a look at where Mercer International Inc. (NASDAQ:MERC) stands against the other lumber stocks. The lumber market has faced considerable volatility in recent years, driven by a confluence of dynamic and interconnected factors. In […]
Investors in Mercer International Inc. ( NASDAQ:MERC ) had a good week, as its shares rose 6.9% to close at US$6.93...
Glatfelter's (GLT) Q2 loss narrows to 35 cents per share, with notable gains in the Spunlace and Composite Fibers segments despite a 7.7% drop in net sales. Airlaid Materials faces continued challenges.
(Bloomberg) -- Suzano SA surged to the highest level in more than a month as the world’s largest pulp supplier is expected to benefit from Brazil’s currency drop even after the move caused a large quarterly loss. Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNYC Subway Riders See ‘Exceptionally High’ Air PollutionWhen Climate Funds Pay for Highway ExpansionNew York City Paid $2 Million for Emp
GLT earnings call for the period ending June 30, 2024.
SÃO PAULO, August 08, 2024--Suzano, the world’s largest pulp producer, announces its financial results for the second quarter of 2024 (2Q24).
Selected Highlights Second quarter Operating EBITDA* of $30.4 million and net loss of $67.6 millionStrengthened pulp markets drive improvement in operating cash flows and liquidityQuarterly cash dividend of $0.075 per share NEW YORK, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq: MERC) today reported second quarter 2024 Operating EBITDA of $30.4 million, an increase from negative Operating EBITDA of $68.7 million in the same quarter of 2023 and a decrease from Operating EBI
~ Received Required Antitrust Regulatory Clearances and IRS ruling for Announced Merger ~~ Achieved Meaningful Year-over-Year EBITDA Improvement ~ 2024 Second Quarter Highlights: Generated net sales of ~$329 million and a GAAP net loss from continuing operations of $15.8 millionDelivered $25.6 million of Adjusted EBITDA, an $8.3 million increase over Q2 2023Achieved increased EBITDA over Q2 2023 in Composite Fibers and Spunlace by $4.9 million and $3.4 million, respectively, offset by lower EBIT