Aggregated price index with volume information
Summary:
- Regional Banks stocks up 0.3% on average while median return up 0.4% in a day
- Regional Banks stocks down 0.1% on average while median return down -0.4% in a week
- Regional Banks stocks down 5.8% on average while median return down 4.9% 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 $CATC 16.9%, $CSTR 9.0%, $CALB 7.9%, $UNB 7.2%, $PEBK 7.1%
- 1M losers are : Losers for past month are $PWOD -22.4%, $FFWM -22.6%, $BMA -26.0%, $BBAR -26.8%, $GGAL -28.1%
- 1W winners are : Winners for past week are $FVCB 12.5%, $CUBI 6.9%, $SFBS 5.5%, $MOFG 5.2%, $FFIC 4.9%
- 1W losers are : Losers for past week are $BMA -9.7%, $BBAR -10.8%, $GGAL -10.9%, $COFS -13.7%, $VABK -15.5%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 31.4%, for the past 3 months is 32.9%
In the past month for a 5 days rolling window, the highest corrrelation is 40.8%, the lowest correlation is 5.8%, the latest correlation is 27.8%
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 86.1% between ABCB and BKU
The lowest correlation is -72.4% between ASRV and BKSC
JACKSON, Miss., September 29, 2023--Trustmark Corporation to Announce Third Quarter Financial Results October 24 and Conduct Earnings Conference Call October 25
GREENVILLE, S.C., Sept. 29, 2023 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ: UCBI) announces it will release its third quarter 2023 financial results on Wednesday, October 18, 2023 before the stock market opens. The company also will hold a conference call at 11:00 a.m. ET on Wednesday, October 18, 2023 to discuss its financial results, business highlights and outlook. Participants can pre-register for the conference call by navigating to https://dpregister.com/sreg/10183036/fa9190
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