Aggregated price index
Aggregated price index with volume information
- Catalog/Specialty Distribution stocks up 1.4% on average while median return up 0.3% in a day
- Catalog/Specialty Distribution stocks up 3.5% on average while median return up 1.2% in a week
- Catalog/Specialty Distribution stocks up 6.0% on average while median return up 1.7% 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 $QRTEA 19.9%, $QRTEB 14.1%, $PDD 13.3%, $SYX 6.5%, $YJ 3.0%
- 1M losers are : Losers for past month are $BZUN -0.5%, $TC -1.8%, $IMBI -5.7%, $DADA -5.9%
- 1W winners are : Winners for past week are $TC 13.6%, $YJ 10.0%, $QRTEA 9.7%, $QRTEB 9.0%, $SYX 1.9%
- 1W losers are : Losers for past week are $DADA -0.3%, $ATV -0.6%, $IMBI -2.5%, $PDD -7.1%
Index correlation analysis
Correlation for the past month is 10.2%, for the past 3 months is 11.4%
In the past month for a 5 days rolling window, the highest corrrelation is 25.2%, the lowest correlation is -6.0%, the latest correlation is -6.0%
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 90.2% between QRTEA and QRTEB
The lowest correlation is -56.2% between SYX and TC
JC Parets, founder and chief strategy officer of alphatrends.com, reverse engineers a trade in Amazon stock and makes a bold prediction about emerging market stocks.
JD.com isn't being pilloried by regulators, and it's still generating robust growth at a reasonable price.
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After a year that most of us want to forget, we’re all shaking off our New Year’s celebrations, and taking in 2021’s promise of relief – from a perpetually controversial politics, the never-ending corona crisis, and market volatility.That last may be the key, at least for stock investors. We’re entering a period of relative calm, after a most unsettled year, and now is the time to start reviewing investment choices and making portfolio decisions for the months and years ahead.The TipRanks databa...
JD.com is the IBD Stock Of The Day, as the China e-commerce company jumped into a buy zone Tuesday and also hit a record high while getting its price target raised by a Wall Street analyst.