Aggregated price index with volume information
Summary:
- Real Estate Development stocks up 2.1% on average while median return up 1.8% in a day
- Real Estate Development stocks up 4.5% on average while median return up 3.6% in a week
- Real Estate Development stocks up 14.5% on average while median return up 13.8% 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 $ARL 53.8%, $RDFN 36.5%, $CWK 32.1%, $NMRK 29.1%, $MMI 29.0%
- 1M losers are : Losers for past month are $CKX -3.2%, $INTG -3.4%, $CRESY -5.2%, $FNGR -17.5%
- 1W winners are : Winners for past week are $ARL 19.2%, $CBRE 13.0%, $RDIB 10.8%, $ALEX 9.4%, $BRT 9.2%
- 1W losers are : Losers for past week are $EPRT -1.2%, $RDI -2.1%, $HGV -2.4%, $INTG -2.6%, $CRESY -2.9%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 28.0%, for the past 3 months is 21.6%
In the past month for a 5 days rolling window, the highest corrrelation is 42.0%, the lowest correlation is -1.2%, the latest correlation is 41.2%
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 86.3% between CIGI and JLL
The lowest correlation is -42.3% between CIGI and GYRO
Over the past year, the Canadian market has shown resilience with an 11% increase, despite a flat performance in the last 7 days. In this context, stocks with high insider ownership can be particularly compelling as they often indicate confidence from those who know the company best.
Does Newmark Group (NMRK) have what it takes to be a top stock pick for momentum investors? Let's find out.
NEW YORK, July 26, 2024 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, and Cushman & Wakefield, a leading global real estate services firm, jointly announced they provided acquisition financing for, and arranged the sale of, respectively, a 344-unit two-property multifamily portfolio in Maryland. The Fannie Mae Delegated Underwriting & Servicing (DUS®) loans were originated by Dan Sacks, Senior Managing Director, and Alex Basile, Executive Director, of
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.
Jones Lang LaSalle (JLL) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Newmark Group (NMRK) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
The Canadian market has shown robust growth, with an 11% increase over the past year and earnings expected to rise by 15% annually. In this thriving environment, identifying stocks that are potentially undervalued could offer attractive opportunities for investors looking to capitalize on market conditions.
In recent weeks, Canadian markets have demonstrated resilience amid global economic shifts, with the TSX showing stability even as other major indexes experienced fluctuations. This backdrop of moderating inflation and central bank policy adjustments creates a conducive environment for investors to consider growth companies with high insider ownership, which often signals confidence in the company's future from those who know it best.
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