Aggregated price index with volume information
Summary:
- Energy Minerals stocks up 0.7% on average while median return up 0.6% in a day
- Energy Minerals stocks up 3.1% on average while median return up 2.8% in a week
- Energy Minerals stocks up 5.4% on average while median return up 4.4% 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 $INDO 89.9%, $GBR 25.5%, $HUSA 23.7%, $PVL 23.0%, $NRT 22.8%
- 1M losers are : Losers for past month are $SBOW -8.7%, $MTR -9.8%, $PARR -10.5%, $REPX -14.2%, $SES -18.5%
- 1W winners are : Winners for past week are $GBR 23.1%, $AR 15.7%, $PVL 12.2%, $EQT 11.6%, $CRK 11.5%
- 1W losers are : Losers for past week are $KOS -3.8%, $BPT -4.3%, $SES -4.5%, $USEG -5.6%, $MTR -16.4%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 19.7%, for the past 3 months is 17.7%
In the past month for a 5 days rolling window, the highest corrrelation is 38.2%, the lowest correlation is 1.9%, the latest correlation is 5.3%
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 85.3% between ARCH and BTU
The lowest correlation is -41.9% between AE and ARCH
Calgary, Alberta--(Newsfile Corp. - April 25, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") expects to release our first quarter 2024 financial and operational results (the "Release") before North American markets open on Thursday, May 2, 2024. In addition, the first quarter management's discussion and analysis and the unaudited consolidated financial statements will be available on our website at www.obsidianenergy.com, and
Enerplus Corporation ("Enerplus" or the "Company") (TSX: ERF) (NYSE: ERF) announced today that it has filed the management information circular and proxy statement and related meeting materials (the "Meeting Materials") for the special meeting of holders ("Shareholders") of common shares (the "Common Shares") of Enerplus to be held on May 24, 2024 at 10:00 a.m. (Calgary time) (the "Meeting").
BROOKWOOD, Ala., April 25, 2024--Warrior Met Coal, Inc. (NYSE:HCC) ("Warrior" or the "Company") today announced that its board of directors has approved a regular quarterly cash dividend of $0.08 per share to be paid on May 13, 2024, to stockholders of record as of the close of business on May 6, 2024.
Ramaco Resources, Inc. (NASDAQ: METC, METCB, "Ramaco" or the "Company") will report first quarter 2024 financial results on Wednesday, May 8, 2024 after the close of the market. The earnings news release will be available on the Company's investor relations website at www.ramacoresources.com and through major financial information sites.
Pioneer Natural Resources (PXD) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Range Resources Corporation (NYSE:RRC) Q1 2024 Earnings Call Transcript April 24, 2024 Range Resources Corporation isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Hello. Welcome to the Range Resources First Quarter 2024 Earnings Conference Call. All lines have been placed […]
Pioneer Natural Resources (PXD) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Core Laboratories' (CLB) second-quarter 2024 revenues are anticipated to be in the $130-$136 million range, while the operating income is estimated to be in the band of $14.5-$17.3 million.
Antero Resources' (AR) Q1 earnings benefit from higher production volumes, driven by strong well performance and lower operating expenses.
Front-month gas futures for May delivery on the New York Mercantile Exchange was down 1.5 cents, or 0.9%, to settle at $1.64 per million British thermal units (mmBtu). The U.S. Energy Information Administration (EIA) said utilities added a larger-than-expected 92 billion cubic feet (bcf) of gas out of storage during the week ended April 19. LSEG forecasts gas demand in the Lower 48 states, including exports, to fall to 91.6 bcfd next week, from 97.4 bcfd this week.