Aggregated price index with volume information
- Uranium-Radium-Vanadium Ore Mining stocks down 5.3% on average while median return down 5.2% in a day
- Uranium-Radium-Vanadium Ore Mining stocks down 11.0% on average while median return down 11.5% in a week
- Uranium-Radium-Vanadium Ore Mining stocks down 12.8% on average while median return down 11.7% 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
- 1M losers are : Losers for past month are $UEC -13.3%, $UUUU -16.5%
- 1W winners are : Winners for past week are
- 1W losers are : Losers for past week are $URG -11.9%, $UEC -15.5%
Index correlation analysis
Correlation for the past month is 77.4%, for the past 3 months is 79.9%
In the past month for a 5 days rolling window, the highest corrrelation is 95.9%, the lowest correlation is 31.4%, the latest correlation is 59.5%
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 92.0% between DNN and UEC
The lowest correlation is 61.9% between CCJ and URG
Energy Fuels (UUUU) concluded the recent trading session at $6.60, signifying no movement from its prior day's close.
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