Aggregated price index with volume information
- Utilities stocks down 0.6% on average while median return down 0.9% in a day
- Utilities stocks up 1.6% on average while median return up 1.0% in a week
- Utilities stocks up 5.3% on average while median return up 2.1% 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.
- 1M winners are : Winners for past month are $EDN 54.1%, $CEPU 45.5%, $RUN 28.6%, $PAM 23.1%, $AREC 21.2%
- 1M losers are : Losers for past month are $NEP -9.7%, $CLNE -10.1%, $CIG -11.9%, $BEEM -12.7%, $MAXN -25.8%
- 1W winners are : Winners for past week are $RUN 16.9%, $CDZI 14.9%, $EDN 11.8%, $ALE 9.1%, $NEP 8.7%
- 1W losers are : Losers for past week are $EE -4.2%, $ELLO -4.5%, $LNG -5.3%, $AREC -8.4%, $BEEM -13.2%
Index correlation analysis
Correlation for the past month is 35.0%, for the past 3 months is 35.1%
In the past month for a 5 days rolling window, the highest corrrelation is 50.1%, the lowest correlation is 2.1%, the latest correlation is 28.6%
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 98.9% between BEP and BEPC
The lowest correlation is -53.6% between AREC and BWXT
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