Aggregated price index
Aggregated price index with volume information
Summary:
- Regional Banks stocks up 1.0% on average while median return up 1.4% in a day
- Regional Banks stocks down 0.0% on average while median return down -0.2% in a week
- Regional Banks stocks down 5.6% on average while median return down 3.7% 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 $BANF 9.1%, $RBCAA 7.6%, $PFIS 7.3%, $NECB 5.9%, $FDBC 5.8%
- 1M losers are : Losers for past month are $SI -25.8%, $BMA -26.3%, $CIB -30.6%, $BARK -38.1%, $SAL -54.6%
- 1W winners are : Winners for past week are $NBN 9.9%, $OVBC 8.0%, $CHMG 7.9%, $FNWB 6.8%, $COFS 6.3%
- 1W losers are : Losers for past week are $PLBC -7.3%, $BARK -9.4%, $CIB -9.6%, $SI -16.4%, $SAL -49.3%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 32.0%, for the past 3 months is 28.9%
In the past month for a 5 days rolling window, the highest corrrelation is 46.5%, the lowest correlation is 16.2%, the latest correlation is 25.7%
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 92.9% between ABCB and BANR
The lowest correlation is -49.5% between ACBI and BAP
Stock news
Investors are optimistic about STERIS (STE) owing to its robust segmental results and the ongoing Cantel Medical integration.
Allspring Global Investments™ (Allspring), a leading independent asset manager with more than $541 billion in assets under management*, today announced that it has entered into an agreement with State Street Corporation (NYSE: STT), under which Allspring will adopt State Street Alpha™ for Allspring's middle-office operations as well as expand its relationship with Charles River Development. Allspring's transition will be a phased rollout targeted for completion by the end of 2023.
Hang Seng Investment Management plans to delist its Hang Seng index exchange traded fund in September as part of its process of taking over the management of the identical but larger State Street Global Advisors’ Tracker Fund. The Hong Kong manager has proposed delisting its HK$43.28bn ($5.51bn) Hang Seng index ETF on September 13, according to an announcement. All current investors in the Hang Seng index ETF will be allowed to redeem or convert their shares into shares of the Tracker Fund, wh...
State Street CEO Ron O'Hanley will start chairing the Greater Boston Chamber of Commerce's Board of Directors on Friday.
Fulton Financial (FULT) decides to eliminate non-sufficient funds and extended overdraft fees for its consumer customers in fourth-quarter 2022.
HOUSTON, June 30, 2022--Jennifer Grosvenor has been named Managing Director in the Northern Trust Houston office.
BROCKTON, Mass., June 30, 2022--HarborOne Bancorp, Inc. Declares Second Quarter Cash Dividend