Aggregated price index with volume information
- Reinsurance Carriers stocks up 2.4% on average while median return up -2.4% in a day
- Reinsurance Carriers stocks up 3.8% on average while median return up -1.6% in a week
- Reinsurance Carriers stocks up 1.2% on average while median return up -0.6% 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 $OXBR 15.0%, $RNR 5.1%, $RGA 4.2%
- 1M losers are : Losers for past month are $GLRE -4.0%, $ESGR -4.9%, $SG -17.7%
- 1W winners are : Winners for past week are $OXBR 40.7%, $SG 2.4%
- 1W losers are : Losers for past week are $RGA -2.3%, $RNR -2.4%, $MHLD -6.9%
Index correlation analysis
Correlation for the past month is 3.8%, for the past 3 months is 4.7%
In the past month for a 5 days rolling window, the highest corrrelation is 32.2%, the lowest correlation is -6.7%, the latest correlation is 2.4%
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 67.3% between ESGR and RNR
The lowest correlation is -44.8% between GLRE and SG
Reinsurance Group (RGA) is poised to grow from higher transaction and other fees, favorable estimates, stronger invested asset base, improved risk-free rates earned on new investments and prudent capital deployment.
Sweetgreen, Inc. (SG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
LOS ANGELES, September 26, 2023--Today, Sweetgreen (NYSE: SG), the mission-driven restaurant brand serving healthy food at scale, continues to expand its free Sweetpass loyalty program with a new feature that allows fans to get exclusive offers and redeem rewards in-store.
It is imperative to build a portfolio of low-beta stocks to sail through a volatile market. J&J Snack Foods (JJSF), Erie Indemnity (ERIE), RenaissanceRe (RNR) and Huron (HURN) are well-poised to gain.
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.
Wintrust Financial, Northeast Community Bancorp, Orange County Bancorp, Reinsurance Group of America and Primerica are part of the Zacks top Analyst Blog.
With the Fed not ruling out another rate hike this year, stocks such as Wintrust Financial (WTFC), Northeast Community Bancorp (NECB), Orange County Bancorp (OBT), Reinsurance Group of America (RGA) and Primerica (PRI) stand to gain.
Sweetgreen got hit Thursday with a lawsuit in New York that accused the company of race and gender-based discrimination. The employees who filed it worked at a handful of NYC stores.
Sweetgreen Inc is being sued by a group of Black and female employees at seven of the salad chain's New York City locations who claim they faced racial and sexual harassment. The complaint filed on Thursday in New York state court in the Bronx, which broadens a lawsuit first filed in March, claims that workers faced anti-Black racial slurs and female employees were subjected to sexual comments and unwanted touching. Managers also refused to promote Black workers and showed preferential treatme...
Most readers would already know that Reinsurance Group of America's (NYSE:RGA) stock increased by 2.1% over the past...