Aggregated price index with volume information
Summary:
- Savings Institutions stocks up 0.3% on average while median return up 0.1% in a day
- Savings Institutions stocks up 4.0% on average while median return up 4.4% in a week
- Savings Institutions stocks down 3.4% on average while median return down 1.4% 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 $WSBF 9.5%, $COOP 7.8%, $BWB 6.7%, $GCBC 5.9%, $HSBC 5.5%
- 1M losers are : Losers for past month are $BYFC -12.9%, $WNEB -14.4%, $HMST -18.7%, $SACH -28.3%, $FNWB -30.9%
- 1W winners are : Winners for past week are $PFS 14.2%, $WSBF 12.3%, $OCN 10.9%, $RKT 10.3%, $BKU 10.3%
- 1W losers are : Losers for past week are $CARV -1.3%, $MVBF -1.7%, $PROV -2.7%, $CNF -2.7%, $SFBC -2.7%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 24.1%, for the past 3 months is 24.8%
In the past month for a 5 days rolling window, the highest corrrelation is 35.4%, the lowest correlation is 2.8%, the latest correlation is 8.6%
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 95.2% between BHLB and BRKL
The lowest correlation is -45.5% between CNF and FFNW
Mark Hutchinson, F&M Treasurer Mark Hutchinson joined F&M Bank as the Treasurer in April, 2024. ARCHBOLD, Ohio, April 24, 2024 (GLOBE NEWSWIRE) -- F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) announced that Mark Hutchinson has joined F&M as Treasurer. In this new position, Hutchinson will oversee certain financial operations including budgeting, planning, investing and other financial matters for the Bank. Hutchinson will report to the
STROUDSBURG, PA / ACCESSWIRE / April 24, 2024 / ESSA Bancorp, Inc. (the "Company") (NASDAQ:ESSA), the holding company for ESSA Bank & Trust (the "Bank"), a $2.2 billion asset financial institution providing full service commercial and retail banking, ...
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