Aggregated price index with volume information
Summary:
- Gold Ore Mining stocks down 0.3% on average while median return down 0.3% in a day
- Gold Ore Mining stocks down 2.5% on average while median return down 1.6% in a week
- Gold Ore Mining stocks up 8.4% on average while median return up 8.9% 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 $CDE 32.7%, $MUX 20.3%, $IAG 16.5%, $KGC 16.0%, $SA 15.3%
- 1M losers are : Losers for past month are $DRD -0.6%, $WRN -2.7%, $CMCL -6.7%, $BVN -6.9%, $PLL -9.3%
- 1W winners are : Winners for past week are $KGC 2.8%, $CDE 2.7%, $AEM 1.9%, $AGI 1.7%, $BVN 1.7%
- 1W losers are : Losers for past week are $MTA -6.2%, $DRD -8.1%, $AU -8.1%, $NG -8.9%, $PLL -17.8%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 42.8%, for the past 3 months is 43.2%
In the past month for a 5 days rolling window, the highest corrrelation is 67.7%, the lowest correlation is 9.2%, the latest correlation is 47.3%
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 93.8% between AU and HMY
The lowest correlation is -44.0% between AEM and AUY
Precious metals have been in an uptrend for year-to-date on the back of multiple factors. With the bull run likely to sustain, it’s a good time to buy precious metal penny stocks for quick returns. Let’s first talk about the catalysts for upside in gold and silver. First, despite relatively stubborn inflation, multiple rate cuts are on the cards in the next 12 months. Easy money policies translate into a weaker dollar, which is positive for gold and silver. Further, globally, geopolitical tensio
North Carolina regulators have approved a state mining permit for Tesla supplier Piedmont Lithium to develop one of the largest U.S. sources of the key electric vehicle battery metal, although key financing and local regulatory challenges remain. The approval from the North Carolina Department of Environmental Quality, which was announced by the company on Monday and is conditional on the posting of a $1 million reclamation bond, removes one major hurdle to Piedmont's plans to tap a large lithi...
(Reuters) -North Carolina regulators have approved a state mining permit for Tesla supplier Piedmont Lithium to develop one of the largest U.S. sources of the key electric vehicle battery metal, although key financing and local regulatory challenges remain. The approval from the North Carolina Department of Environmental Quality, which was announced by the company on Monday and is conditional on the posting of a $1 million reclamation bond, removes one major hurdle to Piedmont's plans to tap a ...
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CHICAGO, April 09, 2024--Coeur Mining, Inc. ("Coeur" or the "Company") (NYSE: CDE) today announced that it will report its first quarter 2024 operational and financial results after the New York Stock Exchange closes for trading on Wednesday, May 1, 2024. The Company will be hosting a conference call at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on Thursday, May 2, 2024.
Coeur (CDE) remains on schedule for the completion of ramp-up during the first half of 2024.
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