Aggregated price index with volume information
Summary:
- Railroads stocks up 0.4% on average while median return up 0.5% in a day
- Railroads stocks down 1.4% on average while median return down 1.1% in a week
- Railroads stocks down 0.3% on average while median return down -0.5% 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 $CP 3.8%, $CNI 1.5%
- 1M losers are : Losers for past month are $CSX -1.7%, $UNP -3.2%
- 1W winners are : Winners for past week are
- 1W losers are : Losers for past week are $CP -2.0%, $CSX -2.2%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 58.7%, for the past 3 months is 57.4%
In the past month for a 5 days rolling window, the highest corrrelation is 88.6%, the lowest correlation is 2.6%, the latest correlation is 79.4%
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 80.8% between CSX and UNP
The lowest correlation is 30.5% between CP and UNP
Union Pacific Corporation ( NYSE:UNP ) saw significant share price movement during recent months on the NYSE, rising to...
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Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) announced today that it has filed its notice of meeting and management proxy circular for CPKC's 2024 annual meeting of shareholders with Canadian and U.S. securities regulators. A copy of the proxy material is available at investor.cpkcr.com.
CLEVELAND, March 20, 2024--Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, "Ancora" or "we"), which owns a large equity stake in Norfolk Southern Corporation (NYSE: NSC) ("Norfolk Southern" or the "Company"), today issued the below statement in response to the Company’s appointment of its third COO in two years under CEO Alan Shaw:
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Norfolk Southern paid Canadian Pacific Kansas City $25 million fee to waive John Orr’s noncompetition agreement and join the rival freight railroad.
Norfolk Southern Corporation (NYSE: NSC) announced Wednesday that it has filed its definitive proxy materials with the Securities and Exchange Commission (SEC). Norfolk Southern also announced its 2024 Annual Meeting of Shareholders will be held on May 9, 2024. Shareholders of record as of the close of business on March 4, 2024 are entitled to vote at the meeting. In conjunction with the filing of the definitive proxy statement, Norfolk Southern issued a letter to shareholders. The letter highli
Today, Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) announced the departure of John Orr, Executive Vice President and Chief Transformation Officer. Mr. Orr will be joining Norfolk Southern as their Chief Operating Officer.
Norfolk Southern Corporation (NYSE: NSC) announced Wednesday the appointment of John Orr as executive vice president and chief operating officer, effective immediately. Throughout his four-decade career, Orr has earned a reputation as a proven leader in applying scheduled railroading principles to drive sustainable long-term value creation. He spearheaded the turnaround of Canadian Pacific Kansas City's (CPKC) Mexico operations by successfully implementing a high-efficiency operating model, shap
Revenue woes, a declining operating ratio and rising labor costs pose challenges for Norfolk Southern (NSC).