Aggregated price index with volume information
Summary:
- Oil Refining/Marketing stocks down 0.4% on average while median return down 0.4% in a day
- Oil Refining/Marketing stocks up 1.4% on average while median return up 0.5% in a week
- Oil Refining/Marketing stocks down 0.9% on average while median return down 0.3% 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 $AE 13.0%, $TGS 7.8%, $TRGP 4.7%, $WES 4.2%, $PBF 1.5%
- 1M losers are : Losers for past month are $NS -3.8%, $DK -3.8%, $CVI -7.2%, $UGP -10.3%, $PARR -14.7%
- 1W winners are : Winners for past week are $NS 5.0%, $AE 4.9%, $WES 4.4%, $TRGP 4.2%, $TGS 2.4%
- 1W losers are : Losers for past week are $VLO -0.2%, $PBF -0.2%, $MPC -1.6%, $UGP -1.8%, $DK -2.0%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 42.4%, for the past 3 months is 27.8%
In the past month for a 5 days rolling window, the highest corrrelation is 56.2%, the lowest correlation is 9.4%, the latest correlation is 37.9%
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 95.9% between MPC and VLO
The lowest correlation is -11.6% between AE and TGS
Here is how EOG Resources (EOG) and Phillips 66 (PSX) have performed compared to their sector so far this year.
Phillips 66's (PSX) first-quarter earnings are likely to have been negatively impacted by a weak performance in its refining segment.
Meta Platforms, General Motors, United Rentals, Hess and Valero Energy are part of the Zacks top Analyst Blog.
The latest trading day saw Phillips 66 (PSX) settling at $154.71, representing a +0.91% change from its previous close.
In the latest trading session, Ultrapar Participacoes S.A. (UGP) closed at $5.15, marking a +1.38% move from the previous day.
Marathon Petroleum (MPC) closed the most recent trading day at $196.38, moving +0.7% from the previous trading session.
Valero Energy (VLO) reachead $163.89 at the closing of the latest trading day, reflecting a +0.86% change compared to its last close.
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