Aggregated price index with volume information
Summary:
- Building Products stocks down 0.0% on average while median return down 0.3% in a day
- Building Products stocks down 1.3% on average while median return down 0.9% in a week
- Building Products stocks up 4.9% on average while median return up 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 $ASPN 77.1%, $WSO 18.8%, $NSSC 14.5%, $LYTS 13.3%, $APOG 11.2%
- 1M losers are : Losers for past month are $IBP -5.7%, $SSD -7.5%, $BLDR -8.4%, $JELD -14.8%, $PFIE -25.4%
- 1W winners are : Winners for past week are $JELD 7.2%, $TGLS 4.4%, $NSSC 2.5%, $AZEK 1.1%, $AMWD 0.2%
- 1W losers are : Losers for past week are $TILE -4.2%, $SSD -4.3%, $GFF -5.4%, $PFIE -6.8%, $IBP -9.3%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 26.4%, for the past 3 months is 28.9%
In the past month for a 5 days rolling window, the highest corrrelation is 49.0%, the lowest correlation is 6.2%, the latest correlation is 47.4%
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 86.6% between MAS and OTIS
The lowest correlation is -32.7% between PFIE and PGTI
MasTec (MTZ) gains from an impressive pipeline across its businesses and its acquisitions.
Advanced Drainage Systems or ADS (WMS) increases its quarterly dividend by 14% to 16 cents per share, backed by its strong financial position.
Based on the average brokerage recommendation (ABR), Builders FirstSource (BLDR) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?
ATLANTA, May 16, 2024--Interface, Inc. (Nasdaq: TILE), the global flooring solutions company, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.01 per share, payable June 14, 2024 to shareholders of record as of May 31, 2024.
Armstrong World (AWI) benefits from timely investments in new products and digitization, as well as strategic acquisitions.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Interface (TILE) new product development and the achievement of its sustainability goals through low-carbon product offerings bode well.
The average brokerage recommendation (ABR) for Griffon (GFF) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
New, Tamper-Resistant, 180-Degree Visibility Message Windows Offer 'Know It's Locked(TM)' Peace of Mind Backed by a 100-year Legacy Mississauga, Ontario--(Newsfile Corp. - May 15, 2024) - Allegion (NYSE: ALLE), a leading security products and solutions provider, announced the expansion of its indication trim portfolio with three new lines of Schlage® Indication Solutions, a best-in-class lock portfolio designed specifically with K-12 and higher education security needs in mind while also serving
TOLEDO, Ohio & TAMPA, Fla., May 15, 2024--Owens Corning (NYSE: OC), a leader in global building and construction materials, and Masonite International Corporation ("Masonite") (NYSE: DOOR), a leading global provider of interior and exterior doors and door systems, today announced that, in connection with the previously announced exchange offer (the "Exchange Offer") by Owens Corning and consent solicitation (the "Consent Solicitation") by Masonite, the requisite consents to adopt the proposed am