Aggregated price index with volume information
Summary:
- Chemicals: Specialty stocks up 1.0% on average while median return up 0.8% in a day
- Chemicals: Specialty stocks up 0.3% on average while median return up 0.1% in a week
- Chemicals: Specialty stocks down 3.3% on average while median return down 4.7% 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 $REX 29.8%, $FSI 15.5%, $NL 7.6%, $MEOH 7.3%, $LOOP 2.2%
- 1M losers are : Losers for past month are $SES -18.4%, $RYAM -18.7%, $CDXS -24.5%, $FF -31.0%, $AMTX -34.7%
- 1W winners are : Winners for past week are $ROG 10.8%, $LOOP 8.9%, $GURE 8.8%, $TROX 8.0%, $DQ 7.4%
- 1W losers are : Losers for past week are $CDXS -6.4%, $CDXC -7.0%, $NEU -9.7%, $RYAM -9.8%, $SSL -15.5%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 23.0%, for the past 3 months is 18.5%
In the past month for a 5 days rolling window, the highest corrrelation is 33.0%, the lowest correlation is 7.7%, the latest correlation is 14.7%
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 87.4% between IOSP and KWR
The lowest correlation is -48.9% between LIN and LTHM
Reliance's (RS) first-quarter earnings and sales lag their respective estimates on lower shipments and prices.
Agnico Eagle's (AEM) first-quarter earnings and revenues exceed expectations, driven by increased production and higher realized gold prices.
NORTHAMPTON, MA / ACCESSWIRE / April 26, 2024 / DOW EPISODE SUMMARY Design Thinking Plastics Part 2 continues our deep dive into how design can redefine the sustainability of plastics. In this episode, we discover how businesses and designers are ...
Lower natural gas feedstock and energy costs in North America support LyondellBasell's (LYB) olefins and polyolefins margins in Q1.
Koppers (KOP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
AdvanSix (ASIX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Although the revenue and EPS for LyondellBasell (LYB) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Key Insights Given the large stake in the stock by institutions, Codexis' stock price might be vulnerable to their...
Cigna Group, HCA Healthcare, Avantor and Tenet Healthcare are part of the Zacks top Analyst Blog.
Air Products (APD) is expected to have benefited from cost-improvement and productivity initiatives, higher volumes and pricing gains in Americas in Q2.