Aggregated price index with volume information
- Savings Institutions stocks up 0.1% on average while median return up 0.2% in a day
- Savings Institutions stocks down 0.3% on average while median return down 0.5% in a week
- Savings Institutions stocks down 6.3% on average while median return down 6.1% 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 $CNF 14.0%, $BYFC 7.7%, $HSBC 3.8%, $WNEB 3.0%, $FFNW 2.0%
- 1M losers are : Losers for past month are $HMST -17.9%, $FCAP -19.1%, $CARV -19.9%, $GCBC -21.4%, $RKT -23.8%
- 1W winners are : Winners for past week are $CNF 14.3%, $FFIC 4.9%, $MVBF 4.0%, $BRKL 3.4%, $PDLB 3.4%
- 1W losers are : Losers for past week are $TBNK -3.9%, $SNFCA -4.2%, $NMIH -4.3%, $PBFS -4.7%, $WSBF -4.8%
Index correlation analysis
Correlation for the past month is 16.3%, for the past 3 months is 19.0%
In the past month for a 5 days rolling window, the highest corrrelation is 26.5%, the lowest correlation is 1.2%, the latest correlation is 10.7%
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 85.3% between BRKL and FFIC
The lowest correlation is -45.4% between BYFC and ESNT
This week's roundup of recent banking news from across the Philadelphia includes several banks opening and closing branches.
Northwest Bancshares is looking for a big addition to its c-suite, succeeding an executive who's held several of its key positions and not only served a trio of CEOs but was appointed to that role on an interim basis last year. William Harvey Jr., CFO for more than a decade, as well as executive vice president and chief operating officer, is retiring as of Dec. 31, 2024. As of June 30, Northwest operated 134 full-service community banking offices across four states, including 18 in the 10-coun...
NEW YORK, September 29, 2023--TruFund Financial Services, Inc. is proud to announce the expansion of the Impact Developers Fund (IDF). The additional $11.5 million includes commitments from three new investors, in addition to increased commitments from the Ford Foundation and Tru-Capital Investment Fund, the general partner of the fund. This results in a >40% increase in the fund's size to a total of $37.5 million.
HSBC vs. CM: Which Stock Is the Better Value Option?
Dime Community Bancshares, Inc. ( NASDAQ:DCOM ) shareholders should be happy to see the share price up 13% in the last...
A top HSBC executive is stepping down after he sparked outrage by suggesting that Britain was too tough on China.
The Berkshire Hills Bancorp, Inc. (NYSE: BHLB) third quarter 2023 earnings release and conference call are scheduled as follows:
UNIONDALE, N.Y., Sept. 29, 2023 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced it has opened a new location at 8616 21st Avenue, Brooklyn, NY. John R. Buran stated, “We are excited to expand our presence in Brooklyn with this new full-service location to serve the needs of Bensonhurst, a vibrant and diverse community. Our branch team reflects the ethnicity of the area and will provide i
BAYONNE, N.J., Sept. 29, 2023 (GLOBE NEWSWIRE) -- BCB Bancorp, Inc. (NASDAQ: BCBP) has been named to the Piper Sandler 2023 Bank & Thrift Sm-All Stars, a listing of the top performing small-cap banks and thrifts in the nation, identifying BCBP as one of the top performing small-cap banks and thrifts in the country. BCB Bancorp was one of only 31 banks and thrifts named to the list, eliminating 315 institutions, or 91% of banks and thrifts that trade on a major exchange. BCB Bancorp has been name
HSBC’s head of public affairs is stepping down, weeks after making a public apology for saying the UK government had been “weak” by curtailing its dealings with China because of pressure from the US. Sherard Cowper-Coles, an outspoken former British ambassador to Saudi Arabia, will leave the bank next month, two people familiar with the decision said. Cowper-Coles, who also chairs lobby group the China-Britain Business Council, said last month that he made the comments in a personal capacity.