Aggregated price index with volume information
Summary:
- The momentum of the sector is very strong.
- Regional Banks stocks up 1.2% on average while median return up 0.9% in a day
- Regional Banks stocks up 5.7% on average while median return up 5.7% in a week
- Regional Banks stocks up 24.4% on average while median return up 25.6% 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 $INBK 52.9%, $BMRC 52.0%, $TBBK 45.6%, $FISI 43.9%, $COLB 43.4%
- 1M losers are : Losers for past month are $BBAR -3.9%, $HDB -6.7%, $LION -7.8%, $GGAL -8.2%, $BMA -8.9%
- 1W winners are : Winners for past week are $CFFI 18.5%, $FISI 16.8%, $COLB 15.8%, $FUNC 15.2%, $FCNCA 15.1%
- 1W losers are : Losers for past week are $ACNB -3.0%, $MSBI -3.8%, $BSBR -3.8%, $CWBC -3.8%, $BMA -5.3%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 41.2%, for the past 3 months is 38.0%
In the past month for a 5 days rolling window, the highest corrrelation is 49.6%, the lowest correlation is 24.7%, the latest correlation is 29.2%
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 91.2% between ABCB and BANR
The lowest correlation is -45.1% between BAP and BMRC
Lima, July 26, 2024 (GLOBE NEWSWIRE) -- Lima, PERU, July 26th, 2024 – Credicorp Ltd. announces to its shareholders and the market that its 2Q24 Earnings Release Report will be released on Thursday, August 8th, 2024, after market close. Credicorp’s Webcast / Conference Call to discuss such results; will be held on Friday, August 9th, 2024, at 10:30 a.m. ET (9:30 a.m. Lima, Peru time). The call will be hosted by: Gianfranco Ferrari – Chief Executive Officer, - Alejandro Perez Reyes - Chief Financi
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GALLIPOLIS, Ohio (AP) — Ohio Valley Banc Corp. OVBC) on Friday reported net income of $3 million in its second quarter. The bank, based in Gallipolis, Ohio, said it had earnings of 63 cents per share.
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Ohio Valley Banc Corp. [Nasdaq: OVBC] (the "Company") reported consolidated net income for the quarter ended June 30, 2024, of $2,972,000, a decrease of $277,000 from the same period the prior year. Earnings per share for the second quarter of 2024 were $.63 compared to $.68 for the prior year second quarter. For the six months ended June 30, 2024, net income totaled $5,765,000, a decrease of $1,392,000, or 19.4%, from the same period the prior year. Earnings per share were $1.21 for the first s
Meridian Bank (MRBK) delivered earnings and revenue surprises of -6.25% and 2.03%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?
First Financial Bankshares, Inc. (NASDAQ: FFIN) (the "Company", "we", "us", or "our") has announced the renewal of its existing stock repurchase plan. Pursuant to the renewed plan, the Company may repurchase up to 5,000,000 shares of its common stock, which represents approximately 3.5 percent of the Company's outstanding shares as of July 23, 2024, through July 31, 2025. The Board of Directors previously authorized the repurchase of up to 5,000,000 shares of common stock through July 31, 2024.
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KANSAS CITY, Mo., July 26, 2024--Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.27 per share on the Company's common stock. The dividend is payable on September 23, 2024 to stockholders of record at the close of business on September 5, 2024.
MALVERN, Pa., July 26, 2024 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported: Three Months Ended(Dollars in thousands, except per share data)((Unaudited)June 30,2024 March 31,2024 June 30,2023Income: Net income$3,326 $2,676 $4,645Diluted earnings per common share$0.30 $0.24 $0.41Pre-tax, pre-provision income (1)$7,072 $6,419 $6,607(1) See Non-GAAP reconciliation in the Appendix Commercial loans, excluding leases, increased $40.7 million, or 3%, for the quarter and $112.3 mi