Aggregated price index
Aggregated price index with volume information
Summary:
- Chinese Tech stocks up 0.7% on average while median return up 0.5% in a day
- Chinese Tech stocks down 2.9% on average while median return down 2.8% in a week
- Chinese Tech stocks down 14.8% on average while median return down 17.3% 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.
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 $TCOM 6.2%, $CALX 3.9%, $RENN 2.6%
- 1M losers are : Losers for past month are $CWEB -33.3%, $TKAT -35.0%, $XPEV -35.5%, $BILI -38.6%, $KC -42.2%
- 1W winners are : Winners for past week are $CAN 7.2%, $CALX 6.5%, $TCOM 5.1%, $PDD 4.2%, $MOMO 4.1%
- 1W losers are : Losers for past week are $NIU -9.9%, $YRD -10.2%, $NIO -10.6%, $XPEV -12.8%, $HUYA -16.5%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 35.6%, for the past 3 months is 33.7%
In the past month for a 5 days rolling window, the highest corrrelation is 50.1%, the lowest correlation is 15.7%, the latest correlation is 42.4%
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 100.0% between CWEB and KWEB
The lowest correlation is -35.7% between JOBS and NIU
Stock news
The Dow Jones and S&P 500 are at bear market lows. Tesla AI Day and Q3 deliveries are in focus. China EV rivals also report this weekend.
Tesla deliveries in the third quarter will hit a record, but the EV giant has demand concerns in China. Tesla stock is below key levels.
The Dow Jones and S&P 500 are at bear market lows. Tesla AI Day and Q3 deliveries are in focus. China EV rivals also report this weekend.
Tesla AI Day and deliveries loom amid China demand concerns. BYD has launched in Europe as it expands globally. Both EV stocks are struggling.
Hundreds of Chinese companies are listed on U.S. markets. But which are the best Chinese stocks to buy or watch right now? Among the best are Nio, Baidu, Li Auto, Pinduoduo and BYD Co.. China is the world's most-populous nation and the second-largest economy, with a booming urban middle class and amazing entrepreneurial activity.
Startups Nio, Li Auto and Xpeng seek to reinvigorate China EV sales. The trio has brought several new models to market, and more are coming.
In this article, we will take a look at the 10 biggest losers this week. If you want to see some more companies on the list, go directly to 5 Biggest Losers this Week. U.S. stocks struggled to inch higher during the last trading day of September. All three key indices remained mostly in the […]
EV stocks have multiplied in Tesla’s wake and as electric cars look to go mainstream. Here are the top-rated electric-vehicle makers.
Benchmark analyst Fawne Jiang reiterated a Buy on Alibaba Group Holding Limited (NYSE: BABA) and a $206 price target. China retail and e-commerce was on a gradual recovery in the September quarter off a highly disruptive June quarter. However, the recovery pace was moderate. Consumer sentiment remains soft attributable to the lack of confidence aggravated by COVID uncertainties and the reduction of use cases for consumer discretionary categories. With BABA's significant exposure to discretionary
Artisan Partners, an investment management company, released its “Artisan International Value Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. In the second quarter, its Investor Class fund ARTKX returned -10.47%, Advisor Class fund APDKX posted a return of -10.42%, and Institutional Class fund APHKX returned -10.41%, compared to a […]