Aggregated price index with volume information
Summary:
- Pulp & Paper stocks up 0.4% on average while median return up 0.5% in a day
- Pulp & Paper stocks up 1.0% on average while median return up -3.0% in a week
- Pulp & Paper stocks down 1.2% on average while median return down 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.
- 1M winners are : Winners for past month are $CLW 13.0%
- 1M losers are : Losers for past month are $MERC -4.6%, $GLT -16.8%
- 1W winners are : Winners for past week are $CLW 14.7%
- 1W losers are : Losers for past week are $GLT -3.9%, $SUZ -4.4%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 5.4%, for the past 3 months is 4.0%
In the past month for a 5 days rolling window, the highest corrrelation is 45.4%, the lowest correlation is -21.2%, the latest correlation is 16.6%
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 37.7% between MERC and SUZ
The lowest correlation is -41.1% between GLT and RFP
CHARLOTTE, N.C., July 24, 2024 (GLOBE NEWSWIRE) -- Berry Global Group, Inc. (NYSE: BERY) and Glatfelter Corporation (NYSE: GLT) announced that the proposed merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films (“HHNF”) business with Glatfelter progressed further today with the creation of the Magnera brand (pronounced ‘Mag-nair-uh’), a global leader in the specialty materials industry. The launch of this new identity marks the next chapter in the transaction journey, empha
NEW YORK, July 23, 2024 (GLOBE NEWSWIRE) -- Mercer International (NASDAQ: MERC) will release its second quarter results for the period ending June 30, 2024 on Thursday, August 8, 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, August 9, 2024, at 10:00 am ET to discuss the results. The conference call will be available to interested parties live over
SPOKANE, Wash., July 22, 2024--Clearwater Paper Corporation (NYSE: CLW) ("Clearwater Paper" or the "Company"), a premier supplier of quality consumer tissue and bleached paperboard, today announced that it has entered into a definitive agreement to sell its tissue business to Sofidel America Corporation, a subsidiary of Sofidel S.p.A. ("Sofidel"), a leading manufacturer of paper for hygienic and domestic use, for $1.06 billion, subject to adjustments for debt, cash, transaction expenses and net
SPOKANE, Wash., July 22, 2024--Clearwater Paper Corporation (NYSE: CLW) will release its second quarter 2024 results on Tuesday, August 6, 2024 after market close. 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.
The facility reportedly marks one of Brazil’s largest ever private investment projects and the largest single pulp production line in the world.
SÃO PAULO, July 22, 2024--Suzano, the world’s largest market pulp producer, announces the successful operational startup of its new mill, the largest single pulp production line in the world, in Ribas do Rio Pardo, Mato Grosso do Sul state. This marks the completion of one of Brazil’s largest ever private investment projects.
Most readers would already be aware that Clearwater Paper's (NYSE:CLW) stock increased significantly by 22% over the...
NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) -- Mercer International Inc. (“Mercer” or the “Company”) (Nasdaq: MERC), a global forest products company with operations in Germany, the U.S. and Canada, announces that it has received an ESG Risk Rating of 17.4 from Sustainalytics. This rating places Mercer in the low-risk group and the 20th percentile of the 16,215 companies rated worldwide. The rating marks a 4.0-point improvement since 2023, underscoring Mercer's ongoing commitment to sustainability
CHARLOTTE, N.C., July 16, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT) announced today that it expects to issue its 2024 second-quarter results on Thursday, August 8, 2024. Management will hold a conference call at 11:00 AM (ET) that morning to discuss the Company’s results. Glatfelter’s earnings release and an accompanying financial supplement, which includes significant financial information to be discussed on the conference call, will be available on its Investor Relations webs
Suzano (SUZ) signs an agreement with Pactiv Evergreen to acquire two of its US industrial facilities.