Aggregated price index with volume information
Summary:
- Investment Banks/Brokers stocks up 1.0% on average while median return up 0.3% in a day
- Investment Banks/Brokers stocks up 4.6% on average while median return up 2.7% in a week
- Investment Banks/Brokers stocks up 4.6% on average while median return up -0.8% 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 $RILY 93.7%, $AMRK 33.5%, $SII 10.4%, $VIRT 8.6%, $NOAH 7.3%
- 1M losers are : Losers for past month are $LAZ -5.8%, $AMP -6.0%, $MKTX -7.4%, $NMR -8.7%, $MC -13.5%
- 1W winners are : Winners for past week are $RILY 83.8%, $TIGR 12.5%, $NOAH 9.5%, $OPY 8.3%, $SNEX 7.1%
- 1W losers are : Losers for past week are $MKTX -1.1%, $RJF -1.4%, $CBOE -1.4%, $AMP -1.7%, $MC -3.7%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 19.0%, for the past 3 months is 19.0%
In the past month for a 5 days rolling window, the highest corrrelation is 38.2%, the lowest correlation is 7.0%, the latest correlation is 10.8%
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 79.7% between HLI and PJT
The lowest correlation is -65.2% between COWN and IBKR
NEW YORK, April 26, 2024 (GLOBE NEWSWIRE) -- Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) announced today it will host a teleconference at 8:30 am Eastern Time on May 3, 2024, to discuss the company’s financial results for the first quarter ended March 31, 2024. A news release containing the results will be issued before the open of the U.S. equity markets and will be available on http://ir.silvercrestgroup.com/. Chairman, Chief Executive Officer and President Richard R. Hough III and
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