Aggregated price index with volume information
Summary:
- Real Estate Development stocks up 0.4% on average while median return up 0.5% in a day
- Real Estate Development stocks down 2.5% on average while median return down 2.3% in a week
- Real Estate Development stocks down 0.8% on average while median return down 3.8% 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 $FNGR 42.0%, $IRS 9.6%, $CRESY 8.6%, $BRT 5.4%, $FRSX 5.2%
- 1M losers are : Losers for past month are $CIGI -13.4%, $ARL -14.4%, $FOR -15.0%, $TCI -16.5%, $RDFN -17.2%
- 1W winners are : Winners for past week are $TRC 7.3%, $RDIB 6.8%, $RFL 4.8%, $FRPH 1.9%, $KW 1.8%
- 1W losers are : Losers for past week are $NMRK -6.6%, $TCI -7.3%, $FRSX -9.7%, $RDFN -13.2%, $FOR -15.9%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 18.4%, for the past 3 months is 17.2%
In the past month for a 5 days rolling window, the highest corrrelation is 29.6%, the lowest correlation is 4.3%, the latest correlation is 13.0%
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 91.8% between CBRE and JLL
The lowest correlation is -52.8% between AXR and FRSX
Forestar Group Inc. (NYSE:FOR) Q2 2024 Earnings Call Transcript April 18, 2024 Forestar Group Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good afternoon, and welcome to Forestar’s Second Quarter 2024 Earnings Conference Call. At this time, all participants […]
Q2 2024 Forestar Group Inc Earnings Call
As the craze of earnings season draws to a close, here's a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at real estate services stocks, starting with Newmark (NASDAQ:NMRK).
In this article, we will be covering the global real estate market and the 21 largest real estate companies in the world. If you wish to skip our detailed analysis, you can move directly to the 5 Largest Real Estate Companies in the World. Global Real Estate Market: An Overview As reported by Savills, global […]
WINTER PARK, Fla., April 18, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company” or “PINE”) today announced its operating results and earnings for the quarter ended March 31, 2024. Select Highlights Reported Net Loss per diluted share attributable to the Company of ($0.02) for the quarter ended March 31, 2024.Reported FFO per diluted share of $0.41 for the quarter ended March 31, 2024, an increase of 13.9% from the comparable prior year period.Reported AFFO pe
Exposes Company’s 20-year History of Negative Stockholder Returns under Leadership of Incumbent Board and Questionable Compensation Practices Believes Net Asset Value of Company Exceeds $44 per Share, Nearly 3x Today’s Share Price Confident Company can Deliver Stockholder Value with the Right Leadership and Strategy Plans to Withhold Support for Compensation Committee Chair Steven A. Betts, Chairman of the Board Norman J. Metcalfe, Real Estate Committee Chair Geoffrey L. Stack and Nominating Com
Forestar Group (FOR) delivered earnings and revenue surprises of 5.95% and 3.41%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
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ARLINGTON, Texas, April 18, 2024--Forestar reported that net income for the second quarter of fiscal 2024 increased 67% to $45.0 million or $0.89 per diluted share.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Marcus & Millichap (NYSE:MMI) and the rest of the real estate services stocks fared in Q4.