MARKET COMPOSITE
Market TodayThemes and Stocks SummaryThematic Stock SearchFAQAbout
Home/
Steel Stocks24-00-2024 20:00:02 PM
Price
$118.75
-1.42%
The list of companies include AP-Ampco-Pittsburgh Corp., ATI-Allegheny Technologies Inc, CLF-Cleveland-Cliffs Inc, CMC-Commercial Metals Co., CRS-Carpenter Technology Corp., HAYN-Haynes International Inc., MSB-Mesabi Trust, NUE-Nucor Corp., RYI-Ryerson Holding Corp., SCHN-Schnitzer Steel Industries, Inc., STLD-Steel Dynamics Inc., TMST-TimkenSteel Corp, USAP-Universal Stainless & Alloy Products, Inc., WOR-Worthington Industries, Inc., X-United States Steel Corp., ZEUS-Olympic Steel Inc., IPSC-Century Therapeutics Inc, RS-Reliance Steel & Aluminum Co.
* Latest intraday update before market close @ 19:45:37 PM 04/24/2024
Summary
:
Average return is down -1.5%
Median return is down -1.4%
2 out of 23 stocks are up (limited to those with intraday pricing feeds).
Top Movers
:
IPSC -4.2%USAP -3.8%STLD -3.8%X -3.7%GGB -2.5%RYI -2.3%

Aggregated price index with volume information

Summary:

  • Steel stocks down 1.4% on average while median return down 1.3% in a day
  • Steel stocks down 1.6% on average while median return down 0.3% in a week
  • Steel stocks down 5.3% on average while median return down 5.6% 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.

Related Stocks

Click on + to show price series and click on ticker for stock detail page

Ticker
1d
7d
30d
PE Ratio
PE/G
P/B (mrq)
P/S (ttm)
Earning Growth
MarketCap
Short %
Held By Institutions %
RSI
Price Pattern
Resist Support
Days Since Channel Change
Channel Slope (daily rate %)
VALE1.3%
4.4%
1.7%
5.960.120.530.453006%55.4B25%53/\441-0.0%
ATI0.2%
-3.0%
-1.5%
17.9218.345.540.986.1B16%101%44\/2210.1%
MT0.1%
0.4%
-6.9%
23.110.010.840.5521.5B5%36/\-221-0.0%
CRS-0.1%
3.4%
17.9%
27.95-0.781.401.304B5%92%66\/\/4410.3%
HAYN-0.1%
-0.1%
0.5%
18.44-1.381.451.37773.1M3%94%56\-\/At support580.2%
PKX-0.1%
5.1%
-11.4%
0.000.00159%24.2B4%39/\/-Below support2210.0%
RS-0.1%
-2.7%
-5.4%
13.871.021.791.05333%20B1%86%32\/4720.2%
MSB-0.9%
0.1%
-5.2%
34.3813.85432%228.6M1%27%43/\441-0.1%
NUE-1.1%
-10.4%
-11.6%
9.70.632.431.294535%41.9B2%81%22-/2210.1%
TX-1.1%
-1.3%
2.7%
12.390.150.820.668.5B21%51/\-2210.0%
CLF-1.2%
-13.6%
-14.6%
23.760.144.241.128.8B12%66%25/-/2210.1%
WOR-1.3%
1.3%
-5.6%
10.940.342.241.07342%3B4%50%46/Below support1390.3%
CMC-1.4%
-3.9%
-8.0%
9.45-3.461.790.644%6.3B3%92%37/-2210.0%
SID-1.4%
1.1%
-11.2%
4.790.780.313.7B3%38/\-2210.0%
RYI-1.5%
-2.3%
-3.5%
7.7334.423.200.1554%1.1B3%94%39-/-221-0.1%
TS-1.5%
-2.0%
-5.6%
5.69-5.811.122.8022.4B11%40/-/1470.1%
ZEUS-1.7%
-0.3%
-1.4%
17.910.181.050.253611%767.6M4%72%46-/-/4410.3%
GGB-2.7%
-0.3%
-0.6%
4.355.590.280.191032%4.2B23%45/\52-0.0%
AP-2.8%
-5.0%
-24.3%
-1.051.420.34-29%42.7M6%48%38\/\133-0.2%
STLD-3.1%
-6.4%
-9.8%
9.171.572.581.16130%21.2B2%85%29/At resistance4410.1%
* 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.
Detail Performance Summary
  • 1M winners are : Winners for past month are $CRS 17.9%, $USAP 14.1%, $TX 2.7%, $VALE 1.7%, $HAYN 0.5%
  • 1M losers are : Losers for past month are $PKX -11.4%, $NUE -11.6%, $CLF -14.6%, $AP -24.3%, $IPSC -25.7%
  • 1W winners are : Winners for past week are $PKX 5.1%, $IPSC 4.9%, $VALE 4.4%, $CRS 3.4%, $WOR 1.3%
  • 1W losers are : Losers for past week are $AP -5.0%, $STLD -6.4%, $X -6.5%, $NUE -10.4%, $CLF -13.6%
Pick two stocks to compare:
CLF
NUE

Correlation Analysis

Index correlation analysis

Correlation for the past month is 20.4%, for the past 3 months is 19.3%

In the past month for a 5 days rolling window, the highest corrrelation is 44.3%, the lowest correlation is 3.0%, the latest correlation is 14.0%

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 88.5% between CLF and NUE

The lowest correlation is -35.2% between HAYN and NUE

Stock news

Load more