Aggregated price index with volume information
Summary:
- Chemicals: Agricultural stocks down 2.2% on average while median return down 0.4% in a day
- Chemicals: Agricultural stocks down 6.1% on average while median return down 4.5% in a week
- Chemicals: Agricultural stocks down 3.1% on average while median return down 4.1% 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 $PLL 5.2%, $LXU 2.7%, $UAN 2.2%
- 1M losers are : Losers for past month are $CF -7.8%, $ICL -8.6%, $AVD -9.4%, $LAC -16.2%, $RKDA -17.4%
- 1W winners are : Winners for past week are $RKDA 1.5%
- 1W losers are : Losers for past week are $PLL -6.7%, $FMC -7.5%, $AVD -8.6%, $SQM -10.5%, $LAC -36.5%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 18.0%, for the past 3 months is 17.5%
In the past month for a 5 days rolling window, the highest corrrelation is 33.7%, the lowest correlation is 3.0%, the latest correlation is 20.7%
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 78.0% between AVD and LXU
The lowest correlation is -43.8% between BIOX and QSAM
CF Industries (CF) looks forward to collaborating closely with JERA and other stakeholders in Japan.
NORTHBROOK, Ill., April 18, 2024--CF Industries Holdings, Inc. (NYSE: CF), the world’s largest producer of ammonia, and JERA Co., Inc. (JERA), Japan’s largest energy company, today announced that they have executed a joint development agreement (JDA) to explore the development of greenfield low-carbon ammonia production capacity at CF Industries’ Blue Point Complex in Louisiana.
Key Insights Significantly high institutional ownership implies Corteva's stock price is sensitive to their trading...
SUGAR LAND, Texas, April 16, 2024 (GLOBE NEWSWIRE) -- CVR Partners, LP (NYSE: UAN), a manufacturer of ammonia and urea ammonium nitrate (UAN) solution fertilizer products, plans to release its first quarter 2024 earnings results on Monday, April 29, after the close of trading on the New York Stock Exchange. The Partnership also will host a teleconference call on Tuesday, April 30, at 11 a.m. Eastern to discuss these results. This call, which will contain forward-looking information, will be webc
Austin, TX, April 16, 2024 (GLOBE NEWSWIRE) -- QSAM Biosciences, Inc. (OTCQB: QSAM) (“QSAM” or the “Company”) previously announced that it will effectuate a reverse stock split of the issued and outstanding shares of QSAM’s common stock, par value $0.0001 per share (“Common Stock”), at a ratio in the range of 1:1000 to 1:2000, prior to the closing of the merger between the Company and Telix Pharmaceuticals Limited (ASX: TLX) (“Telix”) pursuant to which Telix will acquire QSAM (the “Merger”). On
TEL AVIV, Israel, April 15, 2024--ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals company, today announced it plans to release first quarter 2024 results prior to the opening of the TASE market on Thursday, May 9, 2024.
Aristotle Capital Management, LLC, an investment management company, released its “Value Equity Strategy” first quarter 2024 investor letter. A copy of the same can be downloaded here. The composite returned 7.63% gross of fees (7.56% net of fees) in the first quarter trailing the 8.99% return of the Russell 1000 Value Index and the 10.56% return […]
Key Insights Using the 2 Stage Free Cash Flow to Equity, LSB Industries fair value estimate is US$10.99 Current share...
Scotts (SMG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
OKLAHOMA CITY, April 12, 2024--LSB Industries, Inc. ("LSB"), (NYSE: LXU), today announced that it will release its financial results for the first quarter ended March 31, 2024 on Monday, April 29, 2024 after the close of the stock market.