Aggregated price index
Aggregated price index with volume information
Summary:
- Steel stocks up 3.8% on average while median return up 4.1% in a day
- Steel stocks up 5.5% on average while median return up 5.5% in a week
- Steel stocks down 12.8% on average while median return down 9.5% 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 $TS 6.8%, $TMST 4.2%, $VALE 3.1%, $PKX 1.8%, $GGB 1.7%
- 1M losers are : Losers for past month are $NUE -21.6%, $RYI -24.8%, $IPSC -24.9%, $X -25.4%, $SCHN -26.8%
- 1W winners are : Winners for past week are $SID 18.7%, $MSB 12.8%, $ZEUS 11.2%, $TMST 10.3%, $USAP 8.8%
- 1W losers are : Losers for past week are $WOR -1.0%, $AP -2.6%, $RS -2.9%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 50.7%, for the past 3 months is 39.5%
In the past month for a 5 days rolling window, the highest corrrelation is 64.9%, the lowest correlation is 19.6%, the latest correlation is 64.9%
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 98.0% between MT and MTCN
The lowest correlation is -30.8% between MSB and MTL
Stock news
Fortune released its annual Fortune 500 list on Monday, ranking the top publicly-traded companies by annual revenue. In total, 10 companies headquartered in the Pittsburgh region made the list, with companies moving up and down the rankings compared to last year.
Agnico Eagle (AEM) is acquiring the common shares and warrants for investment purposes.
Great Panther (GPL) reports a first-quarter 2022 loss on lower metal sales, somewhat offset by higher metal prices.
Yahoo Finance Live’s Jared Blikre breaks down midday trading in the stock market.
These penny stocks present an opportunity to pick up some bargains after the steep sell-off in early May. Canaan (CAN): The high-performance computing solutions provider could bounce with a recovery in the crypto market. Pitney Bowes (PBI): A penny stock that offers a dividend yield of more than 4% and a strengthening balance sheet. Telefónica (TEF): A telecommunications services company in Europe and Latin America with a dividend yield of more than 8%. X Financial (XYF): A Chinese financial fir
Gov. Tom Wolf on Monday announced a statewide initiative to secure a hydrogen hub and large-scale carbon storage system in Pennsylvania in an effort to gain a share of $8 billion in federal funding for such efforts. The Wolf administration also announced it had signed a declaration with 24 companies and nonprofits on the transition to decarbonization, including the major players in the Pittsburgh region including Shell Chemical, EQT Corp. (NYSE: EQT) and United States Steel Corp. (NYSE: X) that...
Allegheny Technologies (ATI) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.