Aggregated price index with volume information
Summary:
- The momentum of the sector is very strong.
- Real Estate Broker stocks down 0.3% on average while median return down 1.5% in a day
- Real Estate Broker stocks up 7.1% on average while median return up 4.1% in a week
- Real Estate Broker stocks up 23.7% on average while median return up 23.0% 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 $RDFN 41.8%, $RMAX 35.9%, $COMP 31.9%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are $FTHM 25.4%, $COMP 10.3%, $RDFN 5.5%
- 1W losers are : Losers for past week are $EXPI -0.6%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 30.4%, for the past 3 months is 43.6%
In the past month for a 5 days rolling window, the highest corrrelation is 74.3%, the lowest correlation is 2.3%, the latest correlation is 9.9%
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 76.6% between OPEN and RDFN
The lowest correlation is -32.1% between EXPI and FTHM
The Dow Jones closed above 40,000 for the first time. Nvidia earnings loom large, especially for AI stocks.
Dow Closes Above 40,000 For First Time
Equity Markets Mixed as Investors Weigh Fed Governor's Remarks
April Home Prices Reach All-Time High, Rents Notch First Annual Increase in 12 Months
Equity Markets Mixed Intraday
US Equity Indexes Trade Close to Record Highs
Major stock indexes traded near the flatline in afternoon Friday. AMD and CrowdStrike were top gainers on the stock market today.
Stock traders are struggling to pick a direction. The three major indexes have wavered between small gains and losses today after marking record levels earlier this week. The S&P 500 and Nasdaq were down by a few points shortly after noon.
Elon Musk’s Tesla has been given the green light to expand its Berlin gigafactory despite environmental activists taking part in huge protests at the plant last week.
Investing.com-- The Dow closed above 40,000 for the first time ever on Friday, notching a five-week win streak as rate-cut hopes and mostly upbeat quarterly earnings from corporates stoked bullish bets on stocks.