Aggregated price index with volume information
Summary:
- Silver Ore Mining stocks down 3.3% on average while median return down 3.4% in a day
- Silver Ore Mining stocks down 3.9% on average while median return down 4.1% in a week
- Silver Ore Mining stocks up 20.8% on average while median return up 20.8% 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 $FSM 30.9%, $PAAS 30.4%, $SSRM 29.0%, $MAG 27.9%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are $WPM 0.6%, $SSRM 0.4%
- 1W losers are : Losers for past week are $PAAS -4.5%, $HL -5.4%, $SVM -7.3%, $AG -12.6%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 68.6%, for the past 3 months is 64.7%
In the past month for a 5 days rolling window, the highest corrrelation is 84.1%, the lowest correlation is 31.5%, the latest correlation is 68.5%
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 88.2% between AG and FSM
The lowest correlation is 45.4% between FSM and SSRM
Vancouver, British Columbia--(Newsfile Corp. - April 16, 2024) - First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (FSE: FMV) (the "Company" or "First Majestic") announces that total production in the first quarter of 2024 from the Company's three producing mines in Mexico, the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine, reached 5.2 million silver equivalent ("AgEq") ounces, consisting of 2.0 million silver ounces and 35,936 gold ...
VANCOUVER, British Columbia, April 15, 2024 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) is pleased to provide an update on its Yessi vein exploration program at the San Jose Mine in Mexico. Paul Weedon, Senior Vice President of Exploration, commented, “Drilling on the Yessi vein, since the initial discovery hole in August 2023, has continued to establish a well-defined system, with recent results such as 1,327 g/t Ag Eq over an estimated true width of 3.0 meters from 604
The miner will likely do well in 2024 with gold and silver reaching record levels
In this article, we will take a detailed look at the 12 Best Precious Metals Stocks to Invest in Now. For a quick overview of such stocks, read our article 5 Best Precious Metals Stocks to Invest In Now. Precious metals are in the spotlight amid rising geopolitical tensions in the Middle East and burgeoning demand for gold […]
Endeavour Silver's (EXK) first-quarter 2024 silver production declines year over year due to lower grades at both of its mines.
Gold stocks to buy benefit from both a near term and long-term approach. In the immediate framework, the yellow metal has been a stout performer. Further, recent developments, such as a strong jobs report in March continue to fan the flames of inflation. Looking over the horizon, gold stocks to buy may benefit from the fear trade. After all, investors have much to be worried about. From geopolitical flashpoints extending across multiple regions in the world to broader global economic uncertainti
VANCOUVER, British Columbia, April 10, 2024 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR) is pleased to announce the first drawdown of $60 million of the $120 million senior secured debt facility (the “Debt Facility”) for the development of the Terronera Mine in Jalisco state, Mexico. The debt facility is provided by Société Générale and ING Bank N.V. and closed last year (see news release dated October 10, 2023). All references to dollars ($) in
VANCOUVER, British Columbia, April 09, 2024--Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American") will announce its unaudited results for the first quarter of 2024 after market close on Wednesday, May 8, 2024. Pan American will also be holding its Annual General and Special Meeting of shareholders (the "Shareholders Meeting") the same day at 3:00 pm PT.
Fortuna Silver (FSM) reports a 20% improvement in gold equivalent ounces produced in the first quarter of 2024, bolstered by higher gold output.
VANCOUVER, British Columbia, April 09, 2024 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR) is pleased to report first quarter 2024 production of 1,460,006 silver ounces (oz) and 10,133 gold oz, for silver equivalent (1) (“AgEq”) production of 2.3 million oz. “Across our portfolio, the operations performed largely in-line with our expectations to deliver our annual production guidance of 8.1- 8.8 million silver equivalent ounces in 2024,” commented