Aggregated price index with volume information
Summary:
- 5G Chips stocks down 1.3% on average while median return down 1.3% in a day
- 5G Chips stocks down 7.1% on average while median return down 7.1% in a week
- 5G Chips stocks down 4.3% on average while median return down 3.7% 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 $SWKS -5.7%
- 1W winners are : Winners for past week are
- 1W losers are : Losers for past week are $QCOM -7.8%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 67.8%, for the past 3 months is 73.4%
In the past month for a 5 days rolling window, the highest corrrelation is 98.5%, the lowest correlation is -17.8%, the latest correlation is 4.3%
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 67.8% between QCOM and SWKS
The lowest correlation is 67.8% between QCOM and SWKS
The chip sector is undergoing a sector-wide correction as concerns grow around slowing demand for the products. Moor Insights and Strategy Founder and CEO Patrick Moorhead discusses why he believes markets are getting "ahead of [themselves] with some of the doom and gloom." Moorhead notes "there's still this insatiable need" for semiconductor products, saying consumers "just can't get enough." He notes that oftentimes the products require a pairing across companies, so the demand is still there....
The semiconductor industry has come under significant pressure in recent months, with chip stocks such as Nvidia (NVDA) and the broader Philadelphia Stock Exchange Semiconductor Index (^SOX) declining more than 10% from their record highs. This selloff has pushed the overall chip sector into correction territory. The downturn in chip stocks comes from growing concerns about the long-term demand outlook for semiconductors. Yahoo Finance's Seana Smith and Madison Mills breaks down the details. For...
Engineering for Human Progress Starts at Qualcomm. NORTHAMPTON, MA / ACCESSWIRE / April 18, 2024 / Qualcomm Originally published in Qualcomm's 2023 Corporate Responsibility Report Investing in R&D We are one of the world's leading wireless technology ...
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SAN DIEGO, April 17, 2024--Qualcomm Incorporated (NASDAQ: QCOM) today announced a quarterly cash dividend of $0.85 per common share, payable on June 20, 2024, to stockholders of record at the close of business on May 30, 2024.
IRVINE, Calif., April 17, 2024--Skyworks Solutions, Inc. (Nasdaq: SWKS), an innovator of high-performance analog and mixed-signal semiconductors connecting people, places and things, will host a conference call with analysts to discuss its second quarter fiscal 2024 results and business outlook on April 30, 2024, at 4:30 p.m. EDT.
Originally published in Qualcomm's 2023 Corporate Responsibility Report NORTHAMPTON, MA / ACCESSWIRE / April 16, 2024 / As water sources around the world become increasingly stressed, we are acutely aware of the need to treat water as the precious ...
Qualcomm (QCOM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.