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