Aggregated price index with volume information
- AI stocks down 4.2% on average while median return down 3.9% in a day
- AI stocks down 5.4% on average while median return down 7.9% in a week
- AI stocks up 21.3% on average while median return up 14.1% 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 $BBAI 18.8%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are $AI 1.3%
- 1W losers are : Losers for past week are $BBAI -9.5%
Index correlation analysis
Correlation for the past month is 69.6%, for the past 3 months is 62.8%
In the past month for a 5 days rolling window, the highest corrrelation is 92.1%, the lowest correlation is -27.5%, the latest correlation is 86.8%
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 80.8% between BBAI and SOUN
The lowest correlation is 53.0% between AI and BBAI
Artificial intelligence (AI) software company C3.ai (NYSE:AI) will be reporting earnings tomorrow afternoon. Here's what to look for.
C3.ai's (AI) second-quarter fiscal 2024 performance will likely reflect a significant increase in Generative AI opportunities.
C3.ai's Q2 sales of $72.4 million came in at the higher end of its outlook. Loss per share narrowed to 9 cents from 12 cents a year earlier.
SAIC (SAIC) delivered earnings and revenue surprises of 36.75% and 6.72%, respectively, for the quarter ended October 2023. Do the numbers hold clues to what lies ahead for the stock?
The November jobs report will put the recent market rally to the test.
Fool.com contributor Parkev Tatevosian compares Snowflake (NYSE: SNOW) and C3.ai (NYSE: AI) to answer which AI stock has the better opportunity to capture the massive market opportunity. *Stock prices used were the afternoon prices of Nov.
Shares of artificial intelligence software maker C3.ai (NYSE: AI) rallied 6% on Friday on a great day for AI stocks. Interest rates also continued falling today, which tend to benefit low- or no-profit growth stocks. On Thursday night, a number of C3.ai's peers in data analytics software reported stronger-than-expected earnings.
Beyond analysts' top -and-bottom-line estimates for C3.ai, Inc. (AI), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended October 2023.
It's been an incredible year for the artificial intelligence (AI) industry. The advent and broad adoption of truly useful generative AI and large language model solutions already resulted in massive gains for many AI stocks. Shares of Symbotic (NASDAQ: SYM) are on a roll, up an incredible 340% so far in 2023, capped by a 38% pop last week after its fiscal fourth-quarter 2023 (ended Sept. 30, 2023) report absolutely crushed expectations.
A sustained bull market is coming sooner or later, though, and likely more sooner than later. All three underlying businesses are well positioned to benefit from a bull market and the economy that causes it. Consumers are spending as much as ever, but soaring costs for staples like food and grooming supplies are forcing people to spend less on discretionary goods and services.