MARKET COMPOSITE
Steel Stocks20-00-2024 21:00:00 PM
Price
$114.32
-1.50%
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 @ 20:45:40 PM 02/20/2024
Summary
:
Average return is down -1.4%
Median return is down -1.1%
2 out of 24 stocks are up (limited to those with intraday pricing feeds).
Top Movers
:
SID -4.2%MT -4.1%USAP -3.8%TMST -3.4%IPSC -2.8%ATI -2.5%

Aggregated price index with volume information

Summary:

  • Steel stocks down 1.5% on average while median return down 1.3% in a day
  • Steel stocks down 0.2% on average while median return down -0.1% in a week
  • Steel stocks up 5.2% on average while median return up 5.3% 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.

Related Stocks
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 %)
GGB1.7%
0.7%
0.5%
5.485.590.280.191032%5B23%49\/\97-0.1%
WOR0.9%
-0.4%
13.2%
10.470.342.241.07342%3.1B4%50%65/-/610.6%
HAYN-0.3%
0.1%
14.8%
18.16-1.381.451.37761.4M3%94%67\/-/-Above resistance2130.0%
CMC-0.4%
1.2%
9.9%
8.38-3.461.790.644%6.4B3%92%64/-Above resistance213-0.0%
TX-0.5%
-1.3%
-3.6%
5.60.150.820.667.4B21%40-/\-4250.0%
X-0.5%
0.2%
-4.3%
13.080.341.320.5710.2B16%67%45/-/2130.4%
STLD-0.6%
-1.0%
8.6%
7.871.572.581.16130%19.8B2%85%56/-At resistance2130.0%
TS-0.7%
0.1%
1.5%
5.3-5.811.122.8019B11%49/-/1390.1%
AP-0.8%
0.8%
0.4%
19.841.420.34-29%49.1M6%48%45\/-\117-0.2%
NUE-0.9%
-1.1%
10.3%
9.350.632.431.294535%45.2B2%81%57-/At resistance4250.1%
ZEUS-1.1%
-0.8%
8.4%
19.580.181.050.253611%773.9M4%72%56-/-/At resistance4250.3%
PKX-1.2%
-4.8%
4.0%
0.000.00159%27.7B4%48/\/Below support4250.3%
CLF-1.5%
0.1%
10.4%
25.080.144.241.129.8B12%66%53/-2130.0%
CRS-1.7%
1.7%
-2.6%
22.46-0.781.401.303.2B5%92%51\/\/At support2130.2%
IPSC-1.9%
-1.1%
20.4%
-2.11277M62\/1350.5%
MSB-1.9%
1.7%
-9.2%
34.3813.85432%246.8M1%27%44/\425-0.1%
VALE-1.9%
-0.4%
-3.1%
6.520.120.530.453006%60.7B25%42/\425-0.0%
RYI-2.1%
-0.8%
6.8%
13.0134.423.200.1554%1.2B3%94%53-/-213-0.1%
ATI-2.3%
3.6%
6.3%
24.2718.345.540.985.7B16%101%58\/2130.1%
RS-2.7%
6.4%
13.9%
13.341.021.791.05333%20.2B1%86%65\/Above resistance2280.1%
* 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 $IPSC 20.4%, $HAYN 14.8%, $USAP 14.5%, $RS 13.9%, $WOR 13.2%
  • 1M losers are : Losers for past month are $CRS -2.6%, $VALE -3.1%, $TX -3.6%, $X -4.3%, $MSB -9.2%
  • 1W winners are : Winners for past week are $RS 6.4%, $ATI 3.6%, $SID 2.0%, $MSB 1.7%, $CRS 1.7%
  • 1W losers are : Losers for past week are $IPSC -1.1%, $TX -1.3%, $PKX -4.8%, $TMST -5.9%, $MT -7.7%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 26.9%, for the past 3 months is 27.2%

In the past month for a 5 days rolling window, the highest corrrelation is 64.6%, the lowest correlation is -2.4%, the latest correlation is 64.6%

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 93.3% between RYI and ZEUS

The lowest correlation is -48.3% between SCHN and TX

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