Aggregated price index
Aggregated price index with volume information
Summary:
- Real Estate Development stocks up 0.5% on average while median return up 0.8% in a day
- Real Estate Development stocks down 1.1% on average while median return down 0.8% in a week
- Real Estate Development stocks up 5.9% on average while median return up -2.2% 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.
Click on + to show price series and click on ticker for stock detail page
* P/E and MarketCap are refreshed daily using IEX Cloud service. P/B, P/S, PEG, growth, short%, HelbyInstitute are refreshed weekly using Yahoo feeds. For latest stock stats please visit Yahoo Finance.
* Price Patter: / is upward trend, \ is downward trend, - is sideway. Click on the ticker to go to stock page to see Bayesian Trend model plot of the time series.
* Channel and change points are derived from Bayesian Trend model, where the channel slope is the growth rate while change points are those the model partition the time series.
- 1M winners are : Winners for past month are $LEJU 30.5%, $RDFN 29.3%, $MDJH 25.5%, $HCDI 16.1%, $JOE 14.5%
- 1M losers are : Losers for past month are $FNGR -10.1%, $CIGI -10.2%, $RDI -10.7%, $COSM -15.6%, $CWK -17.1%
- 1W winners are : Winners for past week are $RDIB 6.3%, $STRS 5.9%, $IRS 5.7%, $RFL 5.3%, $CRESY 5.3%
- 1W losers are : Losers for past week are $MLP -7.9%, $RDFN -10.2%, $COSM -12.2%, $XIN -13.7%, $LEJU -17.0%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 15.3%, for the past 3 months is 16.1%
In the past month for a 5 days rolling window, the highest corrrelation is 28.6%, the lowest correlation is 3.7%, the latest correlation is 14.9%
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 89.1% between CBRE and JLL
The lowest correlation is -50.3% between HCDI and HGV
Stock news
PacWest has said it would explore asset sales to boost liquidity. Chevron is doubling down on shale. The oil giant is acquiring rival driller PDC Energy, which holds stakes in Texas and Colorado, deepening Chevron’s commitment to oil-and-gas drilling in the U.S.
CBRE Group, Forestar Group and Green Brick Partners have been highlighted in this Industry Outlook article.
Cosmos Health Inc. ("Cosmos Health" or "the Company") (NASDAQ:COSM), a global healthcare group with proprietary lines of nutraceuticals and distributor of pharmaceuticals, branded generics, OTC medications and medical devices, announced today that it has executed a binding Letter of Intent (LOI) to acquire all of the outstanding shares of Docpharm GmbH.
TACOMA, Wash, May 25, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) ("Harbor," "Harbor Custom Homes®," or the "Company"), a real estate company involved in all aspects of the land development cycle, today announced an update on the Company’s six multi-family projects. Harbor made a strategic pivot in the Company’s Western Washington portfolio last year, from single-family homes to focus on the development and construction of multi-family communities
CBRE's 2022 Corporate Responsibility Report highlights how CBRE is working to drive progress for a low carbon future, create opportunities so all people thrive and lead with integrity to build trust.
Cities globally are at an inflection point, navigating structural changes to how people live and work due to the pandemic. JLL's (NYSE: JLL) new The Future of the Central Business District report explores how cities are adapting to these changes and how the public and private sector can collaborate to help central districts remain relevant for residents, visitors, businesses and investment.
Amid low supply, Real Estate Development industry players like FOR and GBRK are likely to benefit from the improving demand for several trending real-estate property types and new-age real estate developments.
EVERETT, Wash., May 25, 2023--Institutional Property Advisors Closes $61.6 Million Sale and Arranges Financing for Suburban Seattle Multifamily Asset
Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based company focused on owning, operating, and developing high-quality commercial real estate in Hawai'i, announced the appointment of Jeff Pauker to executive vice president and chief investment officer.
Gains in industrial real estate markets were reported in eastern and central Pennsylvania as well as greater Philadelphia. The post High-volume Pennsylvania warehouse markets show strength appeared first on FreightWaves.