Aggregated price index with volume information
Summary:
- Utilities stocks down 0.3% on average while median return down 0.3% in a day
- Utilities stocks up 3.1% on average while median return up 3.3% in a week
- Utilities stocks down 0.2% on average while median return down -3.0% 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 $SGU 11.8%, $NRG 10.6%, $RGCO 9.9%, $AY 9.5%, $D 9.2%
- 1M losers are : Losers for past month are $KEN -15.9%, $CWCO -16.6%, $FCEL -23.5%, $NOVA -33.8%, $MAXN -37.8%
- 1W winners are : Winners for past week are $SGU 11.5%, $VST 10.0%, $CEPU 9.7%, $AY 9.4%, $EE 8.9%
- 1W losers are : Losers for past week are $NOVA -2.6%, $RUN -4.0%, $SRCL -4.8%, $MAXN -7.3%, $FCEL -9.5%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 40.8%, for the past 3 months is 34.2%
In the past month for a 5 days rolling window, the highest corrrelation is 53.7%, the lowest correlation is 7.7%, the latest correlation is 24.2%
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 95.6% between AEE and CMS
The lowest correlation is -44.1% between ALE and AZRE
CALGARY, Alberta, April 25, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (TSX: TA) (NYSE: TAC) ("TransAlta" or the "Company") held its Annual Meeting of Shareholders (“the Meeting”) on April 25, 2024. The total number of common shares represented by shareholders at the Meeting and by proxy was 194,587,285, representing 63.21 per cent of the Company’s outstanding common shares. The following resolutions were considered by shareholders: Election of Directors The twelve director nominees proposed
ISELIN, N.J., April 25, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) has announced that its Board of Directors has declared a cash dividend of $0.325 per share on its common stock, payable June 3, 2024 to shareholders of record as of May 15, 2024. Middlesex Water Company has paid cash dividends in varying amounts continually since 1912. Middlesex Water provides regulated and unregulated water and wastewater utility services primarily in New Jersey and Delaware through various s
The Spire Inc. (NYSE: SR) board of directors declared a quarterly common stock dividend of $0.755 per share, payable July 2, 2024, to shareholders of record on June 11, 2024.
Sector Update: Energy Stocks Rise in Thursday Afternoon Trading
Power company PG&E Corp beat Wall Street estimates for first-quarter profit and raised its full-year earnings forecast on Thursday, helped by higher electricity rates and lower operating and wildfire-related costs. Last year, the California Public Utilities Commission (CPUC) voted to approve PG&E's infrastructure plan that would lead customer bills to rise by nearly 13%. In January, the CPUC also approved a $45 million settlement for the utility's part in the destructive 2021 Dixie wildfire, w...
CHICAGO, April 25, 2024--In line with its mission to advance the equitable adoption of electric vehicles (EVs) throughout northern Illinois, ComEd today joined the Illinois College of Optometry (ICO) and members of the Bronzeville community to commission the latest EV charging station as part of a first of its kind U.S. Department of Energy (DOE) pilot launched on the city’s South Side to boost EV charging access for communities with limited access.
Update: Market Chatter: Hawaiian Electric Industries Considering American Savings Bank Sale
Hawaiian Electric is working with advisers to consider various options for the bank, including a full or partial sale, the report said, which added that no final decision has been made. Hawaiian Electric in an emailed statement to Reuters said it does not comment on "rumors or speculation", while American Savings Bank did not immediately reply to a request for comment. Shares of Hawaiian Electric were down 4.5% at $10.40 in afternoon trade.
Hawaiian Electric Industries is weighing the sale of its American Savings Bank FSB, Bloomberg News reported on Thursday, citing people familiar with the matter. Hawaiian Electric is working with advisers to consider various options for the bank, including a full or partial sale, the report said, which added that no final decision has been made. Hawaiian Electric in an emailed statement to Reuters said it does not comment on "rumors or speculation", while American Savings Bank did not immediate...
Xcel Energy (XEL) reports better-than-expected first-quarter earnings. The company continues to register an increase in electric and natural gas customer volumes.