Aggregated price index with volume information
Summary:
- 3D Printing stocks down 1.0% on average while median return down 0.7% in a day
- 3D Printing stocks up 2.4% on average while median return up 2.5% in a week
- 3D Printing stocks down 20.2% on average while median return down 13.1% 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
- 1M losers are : Losers for past month are $SSYS -16.7%, $DDD -36.0%
- 1W winners are : Winners for past week are $PRLB 5.0%, $SSYS 4.4%
- 1W losers are : Losers for past week are $DDD -1.2%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 33.7%, for the past 3 months is 23.6%
In the past month for a 5 days rolling window, the highest corrrelation is 72.3%, the lowest correlation is 6.1%, the latest correlation is 15.1%
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 75.9% between DDD and SSYS
The lowest correlation is -8.7% between RGR and VJET
MINNEAPOLIS & REHOVOT, Israel, August 15, 2024--Stratasys Ltd. (Nasdaq: SSYS) will release financial results for the second quarter ended June 30, 2024, on Thursday, August 29, 2024. The Company plans to hold the conference call to discuss its second quarter 2024 financial results on Thursday, August 29, 2024, at 8:30 a.m. (ET).
Company plans to file its 2023 Annual Report on Form 10-K after market on August 13, 2024Significant filing delays and added costs were experienced due to extended close activities and related audit procedures in connection with the 2023 auditFinal 2023 financial results yielded no change to revenue, and slight improvement in net loss, versus preliminary results filed on February 28, 2024No restatement of prior years’ resultsConsistent with prior disclosures, the planned transition of the compan
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