Aggregated price index with volume information
Summary:
- Regional Banks stocks up 1.1% on average while median return up 1.2% in a day
- Regional Banks stocks up 5.3% on average while median return up 6.1% in a week
- Regional Banks stocks down 2.2% on average while median return down 0.0% 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 $MCBC 48.2%, $CWBC 20.7%, $GGAL 17.2%, $TBBK 11.5%, $BBAR 11.0%
- 1M losers are : Losers for past month are $HMST -14.2%, $MRBK -14.5%, $VABK -15.9%, $CFFI -22.2%, $FNWB -30.7%
- 1W winners are : Winners for past week are $BBAR 14.8%, $LBAI 13.9%, $BANF 12.8%, $BKU 12.7%, $BSRR 11.7%
- 1W losers are : Losers for past week are $CIB -2.5%, $ESSA -3.3%, $MNSB -3.6%, $FNWB -5.5%, $HWBK -8.4%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 43.2%, for the past 3 months is 41.5%
In the past month for a 5 days rolling window, the highest corrrelation is 61.4%, the lowest correlation is 7.7%, the latest correlation is 29.2%
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 94.3% between ABCB and ASB
The lowest correlation is -39.6% between BCH and BCOW
JACKSON, Miss., April 23, 2024--Trustmark Corporation Announces First Quarter 2024 Financial Results
NEW YORK, April 23, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its Board of Directors has authorized a 50% increase in the Company’s quarterly dividend to $0.15 per common share, payable by the Company on May 8, 2024, to stockholders of record on May 22, 2024. The amount and timing of any future dividend payments to stockholders will be subject to the discretion of the Board of Directors. About Amalgamated Financial C
BEDMINSTER, NJ, April 23, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) (the “Company”) announces its first quarter 2024 financial results. This earnings release should be read in conjunction with the Company’s Q1 2024 Investor Update, a copy of which is available on our website at www.pgbank.com and via a current report on Form 8-K on the website of the Securities and Exchange Commission at www.sec.gov. The Company record
TUPELO, Miss., April 23, 2024 (GLOBE NEWSWIRE) -- Renasant Corporation (NYSE: RNST) (the “Company”) today announced earnings results for the first quarter of 2024. (Dollars in thousands, except earnings per share)Three Months Ended Mar 31, 2024Dec 31, 2023Mar 31, 2023Net income and earnings per share: Net income$39,409 $28,124 $46,078 After-tax loss on sale of securities — (15,711) — Basic EPS 0.70 0.50 0.82 Diluted EPS 0.70 0.50 0.82 Adjusted diluted EPS (Non-GAAP)(1) 0.65 0.76 0.82 Impact to d
JACKSON, Miss., April 23, 2024--Trustmark Announces Agreement to Sell Fisher Brown Bottrell Insurance, Inc. to Marsh McLennan Agency LLC
First United Corporation (the "Corporation, "we", "us", and "our") (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced financial results for the three-month period ended March 31, 2024. Consolidated net income was $3.7 million for the first quarter of 2024, or $0.56 per diluted share, compared to $4.4 million, or $0.65 per diluted share, for the first quarter of 2023 and $1.8 million, or $0.26 per diluted share, for the fourth
HAMILTON, Bermuda, April 23, 2024--The Bank of N.T. Butterfield & Son Limited ("Butterfield" or the "Bank") (BSX: NTB.BH; NYSE: NTB) today announced financial results for the quarter ended March 31, 2024.
WesBanco, Inc. ("WesBanco") (Nasdaq: WSBC), a diversified, multi-state bank holding company, today announced net income and related earnings per share for the three months ended March 31, 2024. Net income available to common shareholders for the first quarter of 2024 was $33.2 million, with diluted earnings per share of $0.56, compared to $39.8 million and $0.67 per diluted share, respectively, for the first quarter of 2023. As noted in the following table, net income available to common shareho
PASADENA, Calif., April 23, 2024--East West Bancorp, Inc. ("East West" or the "Company") (Nasdaq: EWBC), parent company of East West Bank, reported its financial results for the first quarter of 2024. First quarter 2024 net income was $285 million, or $2.03 per diluted share. Excluding a $10 million pre-tax Federal Deposit Insurance Corporation ("FDIC") Special Assessment-related charge (the "FDIC charge")1, adjusted diluted earnings per share2 for the quarter were $2.08, up 3% from the fourth q
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