Aggregated price index with volume information
Summary:
- Real Estate Investment Trusts stocks up 1.5% on average while median return up 1.2% in a day
- Real Estate Investment Trusts stocks up 3.4% on average while median return up 3.6% in a week
- Real Estate Investment Trusts stocks down 4.2% on average while median return down 3.0% 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 $BHR 43.5%, $MPW 13.2%, $RHE 13.0%, $NXRT 8.6%, $HCP 8.3%
- 1M losers are : Losers for past month are $REXR -14.1%, $NYC -14.4%, $TCI -18.1%, $PLD -18.5%, $SACH -29.1%
- 1W winners are : Winners for past week are $HCP 24.1%, $TRTX 10.7%, $SOHO 10.0%, $BHR 9.9%, $CHMI 9.7%
- 1W losers are : Losers for past week are $TCI -4.0%, $AHT -6.0%, $IHT -6.5%, $FR -7.9%, $PLD -8.6%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 47.0%, for the past 3 months is 36.5%
In the past month for a 5 days rolling window, the highest corrrelation is 76.2%, the lowest correlation is 22.9%, the latest correlation is 23.5%
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 93.6% between AGNC and ARR
The lowest correlation is -41.2% between BFS and BRMK
SAN DIEGO, April 22, 2024--Innovative Industrial Properties, Inc. (NYSE: IIPR) announced today it will report results for its first quarter ended March 31, 2024 after the market closes on Wednesday, May 8, 2024.
WAKEFIELD, Mass., April 22, 2024--Franklin Street Properties Corp. (the "Company" or "FSP") (NYSE American: FSP), a real estate investment trust (REIT), announced today that it expects to release its results for the first quarter 2024 after the market closes on Tuesday, April 30, 2024. The Company will hold a conference call/webcast with the investment community to discuss the results at 11:00 AM ET on Wednesday morning, May 1, 2024.
CHICAGO, April 22, 2024--Equity LifeStyle Properties, Inc. (NYSE: ELS) (referred to herein as "we," "us," and "our") today announced results for the quarter ended March 31, 2024. All per share results are reported on a fully diluted basis unless otherwise noted.
AMH (NYSE: AMH), a leading large-scale integrated owner, operator, and developer of single-family rental homes, today announced that its corporate headquarters building in Las Vegas has been awarded LEED® Gold certification.
Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced financial and operating results for the first quarter ended March 31, 2024.
NEW YORK, April 22, 2024--Clipper Realty Inc. (NYSE: CLPR) (the "Company"), an owner and operator of multifamily residential and commercial properties in the New York metropolitan area, today announced that it will release financial results for the quarter ended March 31, 2024, after the market closes on Tuesday, May 7, 2024. The Company will host a conference call that same day at 5:00 PM (ET) to discuss the financial results and provide a business update.
Innocan Pharma Corporation (CSE: INNO) (FSE: IP4) (OTCQB: INNPF) ("Innocan" or the "Company"), is pleased to announce that is has reached a key milestone: the Company submitted its letter of application for a Pre-IND meeting, the first phase in the FDA approval process in the United States for Innocan's Liposome-Cannabidiol (LPT-CBD) injectable treatment of chronic pain.
Although investors dislike pullbacks in the stock market, the ability to purchase quality stocks at bargain prices is a real advantage for those who have some money parked on the sidelines for such occasions. With real estate investment trusts (REITs), one huge advantage of buying them on pullbacks is the increase in dividend yield you receive. Given the Federal Reserve's recent higher-for-longer adjustment of interest rate cuts for 2024, many REITs have declined significantly in recent weeks an
Digital Realty Trust shows improving price performance, earning an upgrade to its IBD Relative Strength Rating from 79 to 81.
By buying an index fund, you can roughly match the market return with ease. But many of us dare to dream of bigger...