Aggregated price index
Aggregated price index with volume information
Summary:
- Tire stocks down 1.3% on average while median return down 1.3% in a day
- Tire stocks down 2.1% on average while median return down 2.1% in a week
- Tire stocks up 3.2% on average while median return up 4.1% 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.
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 $GT 5.8%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are
- 1W losers are : Losers for past week are $GT -3.3%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 97.4%, for the past 3 months is 85.7%
In the past month for a 5 days rolling window, the highest corrrelation is 99.8%, the lowest correlation is -4.8%, the latest correlation is 97.1%
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 97.4% between CTB and GT
The lowest correlation is 97.4% between CTB and GT
Stock news
Cooper Tire & Rubber Company (NYSE: CTB) today announced a quarterly dividend of 10.5 cents per share on common stock payable June 24, 2021 to stockholders of record at the close of business May 27, 2021.
If you want to know who really controls The Goodyear Tire & Rubber Company ( NASDAQ:GT ), then you'll have to look at...
Cooper Tire (CTB) Q1 revenues increase 23.3% year on year.
The charts of the big tiremaker are largely bullish and indicate the rally in its shares over the last few months should continue.
With summer road trip season fast approaching, Cooper Tire & Rubber Company has announced the U.S. launch of the new Discoverer® Rugged Trek™ tire, which is now available for consumers nationwide. An all-season pickup truck and SUV tire, the Discoverer Rugged Trek offers drivers the flexibility of reliable, every day on-road performance in addition to a powerful, rugged design for off-road adventurers.
Goodyear (GT) Q1 revenues increase 15% year on year.
Cooper Tire (CTB) delivered earnings and revenue surprises of -39.44% and 3.64%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
Cooper Tire & Rubber Company (NYSE: CTB) today reported first quarter 2021 net income of $22 million, or diluted earnings per share of $0.43, compared with a net loss of $12 million, or diluted loss per share of $0.23, for the same period last year.
At this time, I would like to welcome everyone to Goodyear First Quarter 2021 Earnings Call. The supporting slide presentation for today's call can be found on our website at investor.goodyear.com and a replay of this call will be available later today.