Aggregated price index with volume information
Summary:
- Reinsurance Carriers stocks up 0.2% on average while median return up 1.3% in a day
- Reinsurance Carriers stocks up 4.9% on average while median return up 5.4% in a week
- Reinsurance Carriers stocks up 5.9% on average while median return up 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 $OXBR 22.3%, $ESGR 14.6%, $RGA 8.1%
- 1M losers are : Losers for past month are $RNR -0.4%, $SG -10.0%
- 1W winners are : Winners for past week are $ESGR 7.2%, $MHLD 6.0%, $SG 6.0%
- 1W losers are : Losers for past week are $RNR -0.5%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 16.6%, for the past 3 months is 14.0%
In the past month for a 5 days rolling window, the highest corrrelation is 40.1%, the lowest correlation is -10.8%, the latest correlation is 34.6%
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 64.4% between GLRE and MHLD
The lowest correlation is -26.3% between OXBR and RE
The fast-casual salad chain was up thanks to a bullish note from an analyst.
Shares of casual salad chain Sweetgreen (NYSE:SG) jumped 8.4% in the morning session after Oppenheimer analyst reaffirmed the stock as one of its "Top Picks." The stock has more than doubled (+132%) this year and continued to attract positive coverage from Wall Street analysts. Earlier in the month (July 17, 2024), UBS initiated coverage on Sweetgreen with a Buy rating and a $31 price target. The analyst said, "While shares are still up significantly YTD, we rate shares Buy as we believe: i) SG
Sweetgreen's Setup Still Strong Despite Industry Challenges, Oppenheimer Says
In the latest trading session, Sweetgreen, Inc. (SG) closed at $24.40, marking a -0.45% move from the previous day.
RenaissanceRe's (RNR) second-quarter results reflect favorable overall underwriting performance and improved investment income, partly offset by elevated claims and claim expenses incurred.
Redesigning and repricing of products and services and a rising rate environment are likely to help Zacks Life Insurance industry players like RGA, PRI, VOYA, LNC and BHF. These companies are investing heavily in digitization.
We have narrowed our search to five low-beta (beta >0 <1) stocks with a solid dividend yield. These are: FNV, FOX, IBKR, PKG, RGA.
STX, RGA, HCA, IP and OSW are five stocks with explosive relative price strength.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
AER, RGA and EAT made it to the Zacks Rank #1 (Strong Buy) value stocks list on July 24, 2024.