Aggregated price index
Aggregated price index with volume information
Summary:
- Chinese Tech stocks down 1.5% on average while median return down 1.8% in a day
- Chinese Tech stocks up 3.2% on average while median return up 3.4% in a week
- Chinese Tech stocks down 1.8% on average while median return down -2.7% 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.
Click on + to show price series and click on ticker for stock detail page
* P/E and MarketCap are refreshed daily using IEX Cloud service. P/B, P/S, PEG, growth, short%, HelbyInstitute are refreshed weekly using Yahoo feeds. For latest stock stats please visit Yahoo Finance.
* Price Patter: / is upward trend, \ is downward trend, - is sideway. Click on the ticker to go to stock page to see Bayesian Trend model plot of the time series.
* Channel and change points are derived from Bayesian Trend model, where the channel slope is the growth rate while change points are those the model partition the time series.
Related ETFs (click on ticker for stock detail page)
- 1M winners are : Winners for past month are $TAL 41.5%, $JT 33.9%, $IQ 23.1%, $VIPS 22.2%, $BZUN 19.0%
- 1M losers are : Losers for past month are $UCL -23.1%, $TKAT -24.6%, $SY -25.3%, $QTT -38.1%, $NCTY -43.4%
- 1W winners are : Winners for past week are $UCL 18.3%, $IQ 17.3%, $JKS 14.2%, $CAN 12.7%, $NIO 10.0%
- 1W losers are : Losers for past week are $SEED -4.0%, $WIMI -4.5%, $DADA -5.5%, $QTT -5.7%, $YI -12.2%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 41.9%, for the past 3 months is 48.5%
In the past month for a 5 days rolling window, the highest corrrelation is 57.3%, the lowest correlation is 10.2%, the latest correlation is 40.8%
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 99.9% between CWEB and KWEB
The lowest correlation is -34.7% between CALX and JOBS
Stock news
Here are May's best Chinese stocks to buy and watch as China starts to ease Covid lockdowns. Regulatory relief hopes also are rising.
The Chinese EV company's growth rate has been weighed down by ongoing government lockdowns
With a loss of 50% year-to-date, NIO (NIO) shares have been the victim of several negative developments in 2022. These include rotation away from growth, supply chain snags impacting production and the fear of U.S. delisting for Chinese stocks. And most recently, zero-Covid policies have sent large parts of China into lockdown again. But following chats with management at Mizuho’s 4th Annual Auto Technology Seminar, 5-star analyst Vijay Rakesh thinks change might be on the way. “With light at th
Tesla is tumbling amid several headwinds. BYD is rallying as the China giant seizes Tesla's EV crown and takes on the Model 3.
Since the World Economic Forum last met in January 2020 U.S.-listed Chinese tech stocks have lost more than 20% of their value.
Emerging Tesla rival Xpeng reported an in-line Q1 loss while revenue slightly topped. But revenue guidance disappointed.
The Chinese economy’s growth has been decelerating and the recent Covid-driven lockdowns have further impacted growth. China Commerce is particularly feeling the effect and that in turn is impacting Alibaba (BABA). The company is set to post F4Q22 earnings on Thursday, May 26, and Truist’s top analyst Youssef Squali thinks that any short-term guidance "will likely show continued challenges across BABA's various segments.” “While the government is reportedly looking into measures to re-open the e
(Bloomberg) -- Didi Global Inc. is preparing to delist from the New York Stock Exchange, after its initial public offering there last year drew the wrath of Beijing. The Chinese ride-hailing giant said it plans to list in Hong Kong instead, allowing existing shareholders to convert their holdings in the company. There are challenges ahead -- for Didi, its shareholders and other Chinese companies looking to go public. Meanwhile, the government’s ongoing investigation and new regulatory measures h
In this daily bar chart of Alibaba Group , below, we can see that the shares have been in a long downtrend and trade below the declining 200-day line. Prices have not made a new low since March and this tells me that the next test of the 50-day line is going to be successful and BABA should turn higher. The 12-day price momentum study made a higher low from April to May for a small bullish divergence.
Alibaba Group Holding Ltd. is still in a tough spot as it approaches its Thursday morning earnings report, despite signs of easing regulatory pressures on Chinese internet companies.