Aggregated price index with volume information
Summary:
- Apple Suppliers stocks up 1.0% on average while median return up 1.0% in a day
- Apple Suppliers stocks up 3.0% on average while median return up 2.7% in a week
- Apple Suppliers stocks down 5.1% on average while median return down 4.3% 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 $MCHP 6.9%, $DIOD 5.5%, $ADI 4.8%, $KN 4.5%, $TXN 4.4%
- 1M losers are : Losers for past month are $LITE -13.3%, $AMD -13.6%, $AMBA -15.9%, $INTC -16.3%, $AXTI -38.4%
- 1W winners are : Winners for past week are $MCHP 9.5%, $TER 8.8%, $NXPI 8.6%, $STM 7.5%, $SYNA 7.3%
- 1W losers are : Losers for past week are $AMD -0.9%, $LITE -1.1%, $AXTI -1.4%, $NVDA -2.4%, $JBL -8.6%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 50.9%, for the past 3 months is 41.1%
In the past month for a 5 days rolling window, the highest corrrelation is 70.9%, the lowest correlation is 26.8%, the latest correlation is 54.3%
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 94.9% between ASML and LRCX
The lowest correlation is -23.2% between AMPH and JBL
Microsoft and Google jumped on earnings late after the market rally attempt showed resilience Wednesday amid Meta's sell-off.
Microsoft and Google jumped on earnings late after the market rally attempt showed resilience Wednesday amid Meta's sell-off.
Intel (INTC) reported first quarter earnings that topped Wall Street estimates, but its outlook for the second quarter was a disappointment for investors, sending shares lower in after-hours trading. The chip giant reported adjusted earnings per share of $0.18, surpassing estimates of $0.13. Revenue was in line with expectations, $12.72 billion versus estimates of $12.71 billion. For the second quarter, the company sees revenue of $12.5 billion to $13.5 billion compared to estimates of $13.63 bi...
Western Digital shares dipped in late trading even though earnings topped expectations. The company reported fiscal third-quarter non-GAAP earnings of 63 cents a share, ahead of expectations at 22 cents a share, according to FactSet.
(Bloomberg) -- Intel Corp., the biggest maker of personal computer processors, tumbled in late trading after giving a lackluster forecast for the current period, indicating that it’s still struggling to return to the top tier of the chip industry. Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsHow to Get a Mee
Chipmaking giant Intel beat Wall Street's targets for the first quarter but guided below estimates for the current quarter.
Semiconductor manufacturing equipment maker KLA Corporation (NASDAQ:KLAC) reported Q1 CY2024 results topping analysts' expectations, with revenue down 3% year on year to $2.36 billion. Guidance for next quarter's revenue was also optimistic at $2.5 billion at the midpoint, 2.8% above analysts' estimates. It made a non-GAAP profit of $5.26 per share, down from its profit of $5.49 per share in the same quarter last year.
The board of directors of Texas Instruments Incorporated (Nasdaq: TXN) today declared a quarterly cash dividend of $1.30 per share of common stock, payable May 21, 2024, to stockholders of record on May 8, 2024.
Big spending on the part of tech giants equals big-time revenue for these three companies.
Intel reported its Q1 earnings on Thursday, beating analysts' estimates. But a disappointing outlook sent shares sliding.