Aggregated price index with volume information
Summary:
- Automobile Manufacturing stocks up 1.8% on average while median return up 1.0% in a day
- Automobile Manufacturing stocks up 5.7% on average while median return up 4.5% in a week
- Automobile Manufacturing stocks down 9.5% on average while median return down 8.7% 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 $RACE 8.8%, $LI 2.1%
- 1M losers are : Losers for past month are $NIO -13.0%, $TSLA -13.3%, $XPEV -16.9%, $F -27.8%
- 1W winners are : Winners for past week are $RACE 9.4%, $TM 8.4%, $TSLA 8.1%, $HMC 7.6%
- 1W losers are : Losers for past week are
Correlation Analysis
Index correlation analysis
Correlation for the past month is 43.6%, for the past 3 months is 32.6%
In the past month for a 5 days rolling window, the highest corrrelation is 70.6%, the lowest correlation is 22.7%, the latest correlation is 37.4%
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 84.0% between NIO and XPEV
The lowest correlation is 9.6% between F and XPEV
Dividends remain one of the best long-term avenues to generating wealth. Here are three stocks you can buy and hold forever.
We recently compiled a list of the 10 Best Very Cheap Stocks To Buy Now According To Hedge Funds. In this article, we are going to take a look at where General Motors Company (NYSE:GM) stands against the other very cheap stocks to buy according to hedge funds. As we approach the third half of […]
Market has continued to grow this year after rebounding strongly in the previous two years from the pandemic lows
As Ford looks toward the future of affordable EVs, the answer could be in its recent past.
Toyota promised Friday to strengthen oversight of its vehicle certification so the scandal that surfaced recently over improper tests will never recur. Japan’s top automaker outlined in detail the measures it will take, including greater managerial involvement, assigning more staff to certification tasks and clarifying responsibilities of specific posts, such as the chief engineer. The report was presented to the Japanese government, which reprimanded Toyota last month.
Most EV launches are still premium SUVs, but that’s a problem if electric cars are to become the market majority.
We recently compiled a list of the 7 Best EV Stocks Under $50. In this article, we are going to take a look at where General Motors Company (NYSE:GM) stands against the other EV stocks under $50. EV Sales are Growing Since 2018, electric vehicle (EV) sales have been rapidly growing as the world tries to […]
We recently compiled a list of the 7 Best EV Stocks Under $50. In this article, we are going to take a look at where Ford Motor Company (NYSE:F) stands against the other EV stocks under $50. EV Sales are Growing Since 2018, electric vehicle (EV) sales have been rapidly growing as the world tries to […]
Shares of GM rose more than 4%. Global automakers have struggled to make headway in China as local manufacturers continue to release feature-packed affordable models. GM has also been facing increasing investor scrutiny on its China operation, which in the past decade has shifted from being a profit engine to a drain on the company's finances.
Ford is facing some challenges, but the stock's drop is a great opportunity to buy for long-term investors.