Aggregated price index with volume information
Summary:
- Major Banks stocks up 0.5% on average while median return up 0.5% in a day
- Major Banks stocks up 0.9% on average while median return up 1.0% in a week
- Major Banks stocks up 5.9% on average while median return up 7.2% 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 $SUPV 40.0%, $BBVA 18.2%, $DB 17.9%, $SAN 17.2%, $KEY 13.6%
- 1M losers are : Losers for past month are $RMBI -2.5%, $LARK -3.7%, $MCB -5.7%, $ESQ -5.9%, $AVAL -9.1%
- 1W winners are : Winners for past week are $FNLC 6.3%, $SAN 6.1%, $BRBS 5.5%, $FBMS 4.6%, $RF 4.4%
- 1W losers are : Losers for past week are $NKSH -2.1%, $MUFG -2.6%, $SUPV -2.9%, $WF -8.6%, $RMBI -9.2%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 30.5%, for the past 3 months is 31.6%
In the past month for a 5 days rolling window, the highest corrrelation is 57.2%, the lowest correlation is 2.4%, the latest correlation is 36.3%
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 93.7% between AMNB and HOPE
The lowest correlation is -43.1% between BBVA and FFBW
DAMARISCOTTA, Maine, March 28, 2024--The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 35 cents per share. This first quarter dividend is payable April 19, 2024 to shareholders of record as of April 9, 2024.
Simmons First National Corporation (NASDAQ: SFNC) today announced it is scheduled to release first quarter 2024 earnings prior to the market opening on Wednesday, April 24, 2024. Management will conduct a live conference call to review this information beginning at 9:00 a.m. Central Time on Wednesday, April 24. Interested parties can listen to the call by dialing toll-free 1-844-481-2779 (North America only) and asking for the Simmons First National Corporation conference call, conference ID 101
CORAL GABLES, Fla., March 28, 2024--Amerant Bancorp Inc. (NYSE: AMTB) ("Amerant" or the "Company"), today announced it will release first quarter 2024 earnings results on Wednesday, April 24, 2024 after the market closes. Once released, investors may access Amerant’s earnings results at https://investor.amerantbank.com by choosing "Financial Results" under the "Financials Info" heading.
NEW YORK, March 28, 2024--Barclays today announces the appointment of David Garner as Managing Director and Global Head of Securitized Products Bond Trading. Mr. Garner will join the bank in June and will be based in New York, reporting to Scott Eichel, Global Head of Securitized Products ("SP").
The U.S. arm of Spanish banking giant Santander has hired Swati Bhatia to oversee retail banking and its digital transformation efforts. Bhatia joins at "an inflection point" for the company, which aims to be "a digital bank with branches," CEO Tim Wennes said.
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Simmons Bank hosted a grand opening ceremony to celebrate the latest Pine Bluff financial center located at 1400 E. Harding Ave. Simmons Bank operates five full-service branches throughout Pine Bluff.