Aggregated price index with volume information
Summary:
- Financial Publishing/Services stocks down 1.0% on average while median return down 0.5% in a day
- Financial Publishing/Services stocks down 0.7% on average while median return down -0.2% in a week
- Financial Publishing/Services stocks down 3.2% on average while median return down 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 $ENV 11.0%
- 1M losers are : Losers for past month are $DNB -4.8%, $MORN -5.1%, $FDS -5.7%, $MSCI -15.8%
- 1W winners are : Winners for past week are $TRI 1.2%, $DNB 0.9%, $SPGI 0.5%, $ENV 0.2%
- 1W losers are : Losers for past week are $MORN -1.4%, $FDS -2.5%, $MSCI -8.2%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 23.2%, for the past 3 months is 24.0%
In the past month for a 5 days rolling window, the highest corrrelation is 62.0%, the lowest correlation is -0.9%, the latest correlation is 0.2%
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 79.8% between FDS and MSCI
The lowest correlation is -44.0% between FDS and VALU
SPGI earnings call for the period ending March 31, 2024.
S&P Global (SPGI) first-quarter 2024 earnings and revenues increase year over year.
Thomson Reuters (TRI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
While the top- and bottom-line numbers for S&P Global (SPGI) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Strong Q1 Performance Driven by Ratings and Indices Segments
S&P Global (NYSE: SPGI) today reported first quarter 2024 results. The Company's earnings release and supplemental materials are available at http://investor.spglobal.com/Quarterly-Earnings.
CHICAGO, April 24, 2024--Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, posted solid first-quarter revenue growth, driven by strength across its business.
U.S. stocks closed higher for the second straight session on Tuesday, powered by a tech rally as a batch of solid corporate earnings overshadowed concerns over higher interest rates.
Tesla's loss of $328.3 billion this year in stock value certainly hurts. But it's only the second-largest market value loss in the S&P 500.
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