Aggregated price index
Aggregated price index with volume information
Summary:
- Savings Institutions stocks down 2.5% on average while median return down 2.6% in a day
- Savings Institutions stocks up 0.1% on average while median return up -1.2% in a week
- Savings Institutions stocks down 14.1% on average while median return down 14.3% 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 $GCBC 71.5%, $CNF 2.3%, $FCAP 1.2%, $RKT 0.4%
- 1M losers are : Losers for past month are $BWB -24.9%, $FFIC -25.2%, $OCN -30.6%, $HMST -31.2%, $BKU -36.5%
- 1W winners are : Winners for past week are $SBT 27.9%, $NYCB 25.9%, $BYFC 15.5%, $EBMT 10.4%, $HVBC 7.3%
- 1W losers are : Losers for past week are $NECB -6.5%, $GCBC -7.1%, $FFIC -7.2%, $BWB -10.5%, $HMST -12.9%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 32.3%, for the past 3 months is 25.3%
In the past month for a 5 days rolling window, the highest corrrelation is 45.7%, the lowest correlation is 2.5%, the latest correlation is 20.4%
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 94.7% between CVLY and FSBW
The lowest correlation is -57.9% between CFFN and CZWI
Stock news
ARCHBOLD, Ohio, March 21, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Farmers & Merchants Bancorp, Inc., (Nasdaq: FMAO) the holding company of The Farmers & Merchants State Bank, with assets of $3.02 billion at December 31, 2022, today announced that it has approved the Company’s quarterly cash dividend of $0.21 per share, which is a 10.5% increase over the 2022 first-quarter dividend. The first quarter dividend is payable on April 20, 2023, to shareholders of record as of April 1, 2023.
With Industrial and Commercial Bank Of China in the top spot these are the 10 biggest banks by 12-month trailing revenue.
Credit Suisse Group emergency merger with UBS Group will wipe out the bank’s riskiest bonds, rattling investors in the quarter-trillion-dollar market for similar bank debt. About 16 billion Swiss francs, or about $17.3 billion, of the bank’s additional tier 1 bonds will be completely written down, Switzerland’s financial regulator, Finma, said in a Sunday statement. Credit Suisse also said it was informed by Finma that the bonds would be “written off to zero.”
Banking stocks fell in London and across Europe as the Credit Suisse rescue deal failed to reassure investors.
(Bloomberg) -- Shares of European banks traded in Asia tumbled Monday, as investors weighed a collapse in the value of additional tier 1 bonds issued by lenders following the terms of the Credit Suisse Group AG’s rescue.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessThe One Big Winner and Many Losers of UBS’s Credit Suisse RescueMorgan Stanley Strategist Says Bank Stress Signals Bear Market EndStocks
HSBC, Hong Kong's biggest bank, will keep three branches open on weekends in hotspots frequented by mainland Chinese tourists to attract more new account openings following a tourism influx after the border between the city and the mainland reopened in January. The branches at Ocean Centre in Tsim Sha Tsui, Park Lane Hotel in Causeway Bay and Kwun Tong will extend their banking hours to 5pm on Saturdays - instead of closing at lunchtime - from March 25, the bank said on Monday. These branches wi
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