Aggregated price index with volume information
Summary:
- Financial Publishing/Services stocks up 1.1% on average while median return up 1.1% in a day
- Financial Publishing/Services stocks up 2.4% on average while median return up 2.3% in a week
- Financial Publishing/Services stocks down 0.8% on average while median return down 1.2% 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 $ENV 10.4%, $TRI 8.3%, $DNB 1.6%
- 1M losers are : Losers for past month are $MCO -2.8%, $MORN -3.3%, $VALU -4.7%, $MSCI -12.5%
- 1W winners are : Winners for past week are $TRI 6.7%, $VALU 4.3%, $DNB 4.0%, $MORN 2.7%
- 1W losers are : Losers for past week are $MSCI -2.2%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 31.5%, for the past 3 months is 26.4%
In the past month for a 5 days rolling window, the highest corrrelation is 58.1%, the lowest correlation is 7.0%, the latest correlation is 55.9%
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 84.6% between FDS and MSCI
The lowest correlation is -5.2% between SPGI and VALU
Doug Peterson, President and Chief Executive Officer of S&P Global (NYSE: SPGI), will participate in the Barclays Americas Select Franchise Conference on May 7, 2024 in London, UK. Mr. Peterson is scheduled to speak from 1:30 p.m. to 2:10 p.m. British Summer Time (8:30 a.m. to 9:10 a.m. Eastern Daylight Time). The "fireside chat" will be webcast and may include forward-looking information.
Canada's services sector contracted at a slower pace in April as firms notched some unexpected sales and added workers, but increased wages led to inflation pressures heating up, S&P Global Canada services PMI data showed on Friday. "Another fall in activity during April reinforced the general underlying weakness that pervades the Canadian services economy," Paul Smith, economics director at S&P Global Market Intelligence, said in a statement.
Traders have pulled forward their expectations for the first interest rate cuts in the US as the economy added fewer jobs than expected.
US Equity Indexes Jump as Slumping Payrolls Instill Life Into Rate Cut Hopes
Moody’s Corporation (NYSE:MCO) Q1 2024 Earnings Call Transcript May 2, 2024 Moody’s Corporation beats earnings expectations. Reported EPS is $3.37, expectations were $3.02. Moody’s Corporation isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day, everyone, and welcome to the […]
Thomson Reuters Corporation (NYSE:TRI) Q1 2024 Earnings Call Transcript May 2, 2024 Thomson Reuters Corporation isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day, and welcome to the Thomson Reuters First Quarter Earnings Call. As a reminder, today’s call […]
Moody's reports robust revenue growth and strategic advancements, balancing strong Q1 achievements with a cautious full-year outlook.
Q1 2024 Moody's Corp Earnings Call
Unveiling the Financial Dynamics and Strategic Directions
Thomson Reuters Corp (NYSE: TRI) reported fiscal first-quarter 2024 revenue growth of 8% year-on-year to $1.89 billion, beating the analyst consensus of $1.86 billion. The business information services provider’s adjusted EPS of $1.11 beat the analyst consensus of $0.95. The stock price gained after the print. Organic revenues increased by 9%, driven by 9% growth in recurring revenues (76% of total revenues). The “Big 3” segments (Legal Professionals, Corporates, and Tax & Accounting Professiona