Aggregated price index with volume information
Summary:
- General Warehousing and Storage stocks down 2.8% on average while median return down 1.7% in a day
- General Warehousing and Storage stocks up 2.1% on average while median return up 0.6% in a week
- General Warehousing and Storage stocks down 2.1% on average while median return down 8.0% 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 $WHLM 14.0%
- 1M losers are : Losers for past month are $BEST -8.0%, $AXR -8.8%, $MGRC -10.6%
- 1W winners are : Winners for past week are $WHLM 14.7%, $VVI 2.1%, $SELF 0.7%
- 1W losers are : Losers for past week are $MGRC -1.2%, $AXR -8.5%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 6.3%, for the past 3 months is 2.6%
In the past month for a 5 days rolling window, the highest corrrelation is 22.6%, the lowest correlation is -12.4%, the latest correlation is -10.6%
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 44.5% between BEST and VVI
The lowest correlation is -27.7% between IAA and VVI
LIVERMORE, Calif., April 25, 2024--McGrath RentCorp ("McGrath" or the "Company") (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced total revenues from continuing operations for the quarter ended March 31, 2024 of $187.8 million, an increase of 15% compared to the first quarter of 2023. The Company reported net income from continuing operations of $22.8 million, or $0.93 per diluted share, for the first quarter of 2024, compared to net income from con
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McGrath RentCorp (NASDAQ:MGRC) recently announced a dividend of $0.48 per share, payable on 2024-04-30, with the ex-dividend date set for 2024-04-15. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into McGrath RentCorp's dividend performance and assess its sustainability.
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Key Insights Viad's estimated fair value is US$35.98 based on 2 Stage Free Cash Flow to Equity With US$36.59 share...