Aggregated price index
Aggregated price index with volume information
Summary:
- 5G Chips stocks down 1.6% on average while median return down 1.6% in a day
- 5G Chips stocks down 3.6% on average while median return down 3.7% in a week
- 5G Chips stocks up 1.7% on average while median return up 2.1% 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 is based on equal weighted constituencies returns,Aggregated volume information is based on sum of all constituencies volumes
- 1M winners are : Winners for past month are $QCOM 12.0%
- 1M losers are : Losers for past month are $SWKS -7.8%
- 1W winners are : Winners for past week are
- 1W losers are : Losers for past week are $SWKS -3.8%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 87.8%, for the past 3 months is 82.2%
In the past month for a 5 days rolling window, the highest corrrelation is 98.5%, the lowest correlation is -10.2%, the latest correlation is 4.2%
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 87.8% between QCOM and SWKS
The lowest correlation is 87.8% between QCOM and SWKS
Stock news
5G stocks may be one of the next hot stock market trends to monitor in 2020 and beyond. In a recent article on The Wall Street Journal, investors could get an idea about how important the 5G network is not only for the future but for now. “The U.S. military is preparing to fight on a new battlefield: the 5G networks going up around the world,” according to the article. “The Pentagon is testing how lightning-fast 5G networks could transform warfare, from training and logistics to mission planning...
5G mobile will provide a big growth cycle, but don't discount the rest of the connectivity chip portfolio.
(Bloomberg) -- Samsung Electronics Co. is pouring $116 billion into its next-generation chip business that includes fabricating silicon for external clients, betting it can finally close the gap on industry leader Taiwan Semiconductor Manufacturing Co. as soon as two years from now.South Korea’s biggest company will mass-produce 3-nanometer chips in 2022, a senior executive at its foundry division told attendees at an invite-only event last month. That target, which hasn’t previously been report...
Ericsson and two other tech companies will pay investors decent dividends as they patiently wait for the 5G market to expand.
DISH Network (DISH) recently partnered with Qualcomm to develop open and virtualized RAN 5G solutions, enabled by the latter's 5G RAN Platforms.
Qualcomm (QCOM) to partner with DISH to accelerate the deployment and commercialization of first O-RAN Compliant 5G Network across the United States.
Shares of Qualcomm (NASDAQ: QCOM) stock were trading higher on Wednesday, up by about 5% as of 2:30 p.m. EDT. The semiconductor company's gain followed news that it's partnering with DISH Network (NASDAQ: DISH) to help the satellite TV company build a 5G network. DISH stock similarly gained about 4.5%.
U.S. satellite TV provider Dish Network has signed up Qualcomm as its latest partner in efforts to build its 5G network using open and cloud-based platforms by 2023, it said on Wednesday. Dish is building its U.S. network using a new technology called Open Radio Access Network (RAN), which uses software to run network functions on the cloud, thereby reducing the need for physical equipment. The company plans to use Qualcomm's 5G RAN platforms through its network vendors and device partners.