Aggregated price index with volume information
- 5G Suppliers stocks down 0.5% on average while median return down 0.5% in a day
- 5G Suppliers stocks down 2.6% on average while median return down 2.1% in a week
- 5G Suppliers stocks up 4.1% on average while median return up 1.8% 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 $ERIC 16.9%
- 1M losers are : Losers for past month are $NOK -13.3%
- 1W winners are : Winners for past week are $ERIC 10.5%
- 1W losers are : Losers for past week are $NOK -14.8%
Index correlation analysis
Correlation for the past month is -14.8%, for the past 3 months is 17.7%
In the past month for a 5 days rolling window, the highest corrrelation is 99.0%, the lowest correlation is -50.9%, the latest correlation is -50.9%
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 -14.8% between ERIC and NOK
The lowest correlation is -14.8% between ERIC and NOK
U.S. stock indexes finished mixed, with the Dow industrials lower and the Nasdaq rising, after a rebound in technology shares and another leg down for Treasury yields.
(Bloomberg) -- Ericsson AB won a $14 billion contract to modernize AT&T Inc.’s wireless network, agreeing to build an open network that can be supplied by a number of vendors and beating out its longtime rival Nokia Oyj. Most Read from BloombergTreasury Frenzy Drives 10-Year Yield Below 4.2%: Markets WrapHow Suspects Laundered Billions in Singapore for YearsMoody’s Cuts China Credit Outlook to Negative on Rising DebtHarvard Alumni Rebuke Its Israel Response With Mere $1 DonationsPutin Plans Visi
AT&T opts to leverage Ericsson's (ERIC) industry-leading wireless equipment portfolio to expedite open RAN deployment across the United States.
AT&T's new [$14 billion supply deal with Ericsson](https://www.wsj.com/business/telecom/at-t-signs-14-billion-supply-deal-with-ericsson-e0d870dd) could save money but won't give the cellphone carrier a "secret sauce" for thinning out expenses, its CEO said Tuesday. Speaking to a UBS investor conference, CEO John Stankey said "capital intensity" should still fall between $21 billion and $22 billion next year, suggesting that Ericsson savings will cover other spending priorities, like improving w...
AT&T (NYSE: T) is betting big on new open-source telecom equipment that it says will save it billions over time. Investors are excited about the development, sending AT&T shares up about 3% as of 11 a.m. ET Tuesday. AT&T has agreed to buy upwards of $14 billion worth of hardware and services from Swedish equipment supplier Ericsson (NASDAQ: ERIC), part of the company's transition away from proprietary technology and toward what is known as Open and Interoperable Radio Access Network tech, or O...
AT&T has reached a deal to buy network equipment from Ericsson over five years. ADRs of rival Nokia are falling.
American depositary receipts of Ericsson rose while Nokia fell after Ericsson won a $14 billion contract with AT&T to upgrade its wireless network.
The telecom giant’s move to replace existing equipment with an open-standards gear deals a blow to the Finnish company’s stock.
AT&T (T) has replaced Nokia for Ericsson for revamping its network infrastructure and deploy Open RAN across the country.
Take-Two Interactive Software shares fell after releasing its trailer for the latest edition of the "Grand Theft Auto" video game early and Ericsson ADRs gained as AT&T announced it would select the company to build out its new wireless network. Here’s what investors need to know today.