Aggregated price index with volume information
Summary:
- Pulp & Paper stocks up 0.3% on average while median return up 0.2% in a day
- Pulp & Paper stocks down 6.7% on average while median return down 3.4% in a week
- Pulp & Paper stocks down 4.1% on average while median return down 5.8% 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.
- 1M winners are : Winners for past month are $MERC 4.2%
- 1M losers are : Losers for past month are $SUZ -7.2%, $GLT -13.0%
- 1W winners are : Winners for past week are
- 1W losers are : Losers for past week are $SUZ -3.5%, $GLT -16.9%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 18.4%, for the past 3 months is 10.8%
In the past month for a 5 days rolling window, the highest corrrelation is 45.4%, the lowest correlation is -10.3%, the latest correlation is 5.0%
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 71.3% between CLW and SUZ
The lowest correlation is -31.5% between RFP and SUZ
Suzano (SUZ) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the...
EVANSVILLE, Ind., April 17, 2024--Berry Global Group, Inc. (NYSE: BERY) and Glatfelter Corporation (NYSE: GLT) announced today the achievement of a regulatory milestone in the proposed transaction involving the combination of a majority of Berry’s Health, Hygiene and Specialties segment to include its Global Nonwovens and Films business ("HHNF") with Glatfelter, with the expiration of the required waiting period under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act.
NEW YORK, April 16, 2024 (GLOBE NEWSWIRE) -- Mercer International (NASDAQ: MERC) will release its first quarter results for the period ending March 31, 2024 on Thursday, May 9, 2024, after the close of the market. Juan Carlos Bueno, President and Chief Executive Officer and Richard Short, Chief Financial Officer and Secretary, will be hosting a conference call on Friday, May 10, 2024, at 10:00 am ET to discuss the results. The conference call will be available to interested parties live over the
SPOKANE, Wash., April 16, 2024--Clearwater Paper Corporation (NYSE: CLW) will release its first quarter 2024 results on Monday, April 29, 2024. President and Chief Executive Officer Arsen Kitch and Chief Financial Officer Sherri Baker will discuss the results during a conference call that day at 2 p.m. Pacific Time.
Key Insights The projected fair value for Mercer International is US$10.24 based on 2 Stage Free Cash Flow to Equity...
Looking at Glatfelter Corporation's ( NYSE:GLT ) insider transactions over the last year, we can see that insiders were...
~ Kevin M. Fogarty to serve as Non-Executive Chair of the Board of Directors for the proposed newly combined company ~ James M. Till to serve as Executive Vice President, Chief Financial Officer & Treasurer ~ Tarun Manroa to serve as Executive Vice President, Chief Operating Officer CHARLOTTE, N.C., April 11, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, in anticipation of the previously announced proposed merger of the majority o
Suzano S.A. Sponsored ADR (SUZ) concluded the recent trading session at $12.59, signifying a -1.33% move from its prior day's close.