Aggregated price index with volume information
Summary:
- Chemicals: Major Diversified stocks up 0.9% on average while median return up 0.0% in a day
- Chemicals: Major Diversified stocks up 3.2% on average while median return up 1.3% in a week
- Chemicals: Major Diversified stocks up 0.3% on average while median return up -2.8% 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 $FSI 22.1%, $SXT 3.5%, $NGVT 2.6%
- 1M losers are : Losers for past month are $EMN -2.9%, $VVV -3.1%, $ESI -3.8%, $HUN -5.7%, $CE -7.4%
- 1W winners are : Winners for past week are $NGVT 10.1%, $FSI 10.1%, $VVV 3.3%, $SXT 3.3%, $HUN 1.4%
- 1W losers are : Losers for past week are
Correlation Analysis
Index correlation analysis
Correlation for the past month is 44.1%, for the past 3 months is 40.3%
In the past month for a 5 days rolling window, the highest corrrelation is 70.2%, the lowest correlation is -5.0%, the latest correlation is -5.0%
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 84.0% between ESI and SXT
The lowest correlation is -27.0% between CE and FSI
Key Insights The projected fair value for Westlake is US$180 based on 2 Stage Free Cash Flow to Equity With US$149...
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Eastman Chemical (EMN) have what it takes? Let's find out.
DuPont de Nemours (DD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Ingevity (NGVT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Westlake (WLK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
RondelO™ is a new turn valve for safer multi-drug administration. NORTHAMPTON, MA / ACCESSWIRE / April 24, 2024 / Eastman Eastman Swedish medical technology company CYTO365 and Eastman worked together to create a new medical component for infusion ...
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Chemical companies are expected to have benefited from a recovery in demand across several key end markets and a moderation of de-stocking activities in Q1. Let's see how DOW, EMN and OLN are poised ahead of their earnings releases.
The Company also Announces a Ten Cent Special Dividend to be Paid May 16 2024 to Shareholders of Record on April 30 2024 VICTORIA, BRITISH COLUMBIA, April 23, 2024 (GLOBE NEWSWIRE) -- FLEXIBLE SOLUTIONS INTERNATIONAL, INC. (NYSE- AMERICAN: FSI), is the developer and manufacturer of biodegradable polymers for oil extraction, detergent ingredients and water treatment as well as crop nutrient availability chemistry. Flexible Solutions also manufactures biodegradable and environmentally safe water a
Eastman's (EMN) cost-cutting initiatives and innovation are anticipated to have benefited the company in Q1.