Aggregated price index with volume information
Summary:
- The momentum of the sector is very strong.
- Silver Ore Mining stocks up 7.0% on average while median return up 6.9% in a day
- Silver Ore Mining stocks up 10.4% on average while median return up 10.3% in a week
- Silver Ore Mining stocks up 19.2% on average while median return up 15.5% 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 $EXK 53.0%, $FSM 29.5%, $AG 17.3%, $MAG 15.6%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are $EXK 16.6%, $HL 14.0%, $FSM 12.1%, $MAG 10.7%
- 1W losers are : Losers for past week are
Correlation Analysis
Index correlation analysis
Correlation for the past month is 75.6%, for the past 3 months is 66.1%
In the past month for a 5 days rolling window, the highest corrrelation is 89.4%, the lowest correlation is 43.9%, the latest correlation is 88.3%
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 93.2% between EXK and PAAS
The lowest correlation is 51.5% between EXK and SSRM
The investors in Endeavour Silver Corp. 's ( TSE:EDR ) will be rubbing their hands together with glee today, after the...
It's been a pretty great week for Pan American Silver Corp. ( TSE:PAAS ) shareholders, with its shares surging 12% to...
It's been a good week for First Majestic Silver Corp. ( TSE:FR ) shareholders, because the company has just released...
Endeavour Silver Corp. (NYSE:EXK) Q1 2024 Earnings Call Transcript May 9, 2024 Endeavour Silver Corp. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Thank you for standing by. This is the conference operator. Welcome to the Endeavour Silver Corp. First […]
Pan American Silver Corp. (NASDAQ:PAAS) Q1 2024 Earnings Call Transcript May 9, 2024 Pan American Silver Corp. 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 morning, ladies and gentlemen, and welcome to the Pan American Silver’s First Quarter 2024 […]
Pan American Silver ( TSE:PAAS ) First Quarter 2024 Results Key Financial Results Revenue: US$601.4m (up 54% from 1Q...
PAAS earnings call for the period ending March 31, 2024.
Pan American Silver (PAAS) witnesses a decline in Q1 earnings despite higher revenues mainly attributed to elevated production costs.
Fortuna Silver Mines Inc. (NYSE:FSM) Q1 2024 Earnings Call Transcript May 8, 2024 Fortuna Silver Mines Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Greetings and welcome to the First Quarter 2024 Financial and Operational Results Call for Fortuna […]
VANCOUVER, British Columbia, May 09, 2024 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR) announces its financial and operating results for the three months ended March 31, 2024. All dollar amounts are in US dollars ($). “We are pleased to report a solid start to the year with consolidated production and operating costs meeting expectations,” stated Dan Dickson, CEO of Endeavour Silver. “Guanacevi continues to perform well, generating operating cas