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Chinese Tech Stocks$191.53
3.45%4:00PM 01/26/2023
The list of companies include CALX-Calix Inc, CBAT-CBAK Energy Technology Inc, LKCO-Luokung Technology Corp, PBTS-Powerbridge Technologies Co Ltd, SEED-Origin Agritech Ltd., TAOP-Taoping Inc., TKAT-Takung Art Co Ltd, WAFU-Wah Fu Education Group Ltd
Latest intraday update before market close @ 20:45:43 PM 01/27/2023
Summary :
Average return is down -0.2%
Median return is down -0.4%
18 out of 49 stocks are up (limited to those with intraday pricing feeds).

Aggregated price index

Aggregated price index with volume information

Summary:

  • The momentum of the sector is very strong.
  • Chinese Tech stocks up 3.5% on average while median return up 2.9% in a day
  • Chinese Tech stocks up 9.2% on average while median return up 7.4% in a week
  • Chinese Tech stocks up 26.0% on average while median return up 22.0% 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.

Related Stocks

Click on + to show price series and click on ticker for stock detail page

Ticker
1 Day Return
1 Week Return
1 Month Return
PE Ratio
PE/G
P/B (mrq)
P/S (ttm)
Earning Growth
MarketCap
Short %
Held By Institutions %
RSI
Price Pattern
Resist Support
Days Since Channel Change
Channel Slope (daily rate %)
TOUR22.7%
57.1%
71.3%
0.220.83337.8M15%73-/Above resistance602.8%
WB14.0%
18.0%
39.6%
22.5412.153.775.94-4%3.5B48%76\/\Above resistance159-0.1%
IQ10.9%
17.6%
37.6%
-15.18-15.161.280.382.7B81%64-\-At resistance1590.0%
LI8.9%
18.3%
34.4%
2.2421.8B16%67/-\Above resistance126-0.3%
MOMO8.7%
12.8%
35.3%
-4.3629.440.210.20-14%1.8B62%72\/Above resistance1590.5%
PDD8.5%
16.0%
24.6%
36.2137.852.502.09132.3B29%72/\/At resistance1590.7%
BILI8.1%
13.7%
20.9%
-8.9-38.021.753.309.2B50%61/\-1590.0%
HUYA6.7%
15.9%
62.8%
46.97182.50.390.368%538.2M116%70/\Above resistance159-0.2%
FENG6.6%
3.6%
-0.8%
0.070.1086.1M25%48\/\74-0.8%
JT6.2%
10.0%
24.7%
0.060.0730.6M17%70/\Above resistance107-0.2%
CAN5.4%
10.7%
58.7%
2.441.99523.3M20%66-/-159-0.3%
VIPS5.3%
6.2%
17.8%
12.741.710.420.12126%8.5B58%68/\/Above resistance1590.3%
SOHU5.2%
5.9%
21.9%
-0.121.870.92556.3M46%71/-\318-0.1%
XPEV4.8%
14.4%
1.8%
65.534.336.6B35%53
BZUN4.7%
15.7%
63.3%
51.570.450.30-44%444.4M68%67/\159-0.3%
NIO4.6%
13.0%
10.9%
-12.053349.872.713.3618.5B35%58\/-159-0.3%
LX4.4%
9.5%
81.6%
18.990.380.19489.6M38%76\/\At resistance159-0.1%
YY4.0%
4.2%
20.5%
5.12413.160.922.322.1B89%60/\At resistance159-0.1%
NIU3.8%
23.0%
15.4%
61.972.430.88396.1M31%59/\159-0.3%
QD3.5%
14.7%
22.0%
-2.29-5.10.060.21221.1M32%61\-Above resistance66-0.0%

* 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 $YRD 142.7%, $DADA 133.8%, $LX 81.6%, $TOUR 71.3%, $BZUN 63.3%
  • 1M losers are : Losers for past month are $FENG -0.8%, $TAL -14.5%, $CALX -16.3%, $SECO -23.8%
  • 1W winners are : Winners for past week are $TOUR 57.1%, $NIU 23.0%, $UCL 20.9%, $LI 18.3%, $WB 18.0%
  • 1W losers are : Losers for past week are $SECO -1.1%, $CALX -1.5%, $TAL -2.7%, $SEED -6.2%, $LEJU -6.7%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 33.0%, for the past 3 months is 39.3%

In the past month for a 5 days rolling window, the highest corrrelation is 49.4%, the lowest correlation is 8.8%, the latest correlation is 26.5%

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 -53.3% between LEJU and MOGU

Stock news

    01/26/2023BABA
    Alibaba Stock Holds Near Highs After Bullish Run, But Is BABA Stock A Buy Now?

    Alibaba stock has rallied sharply amid renewed signs of accumulation as investors bet on better times ahead for the Chinese juggernaut.

    01/26/2023NIO
    Why Nio and Xpeng Popped, but QuantumScape Dropped Today

    Tesla's (NASDAQ: TSLA) surprise earnings beat last night was shaking up the electric vehicle (EV) industry this morning, as shares of solid-state batteries researcher QuantumScape (NYSE: QS) tumbled 1.5% through 11:15 a.m. ET, but Tesla's Chinese rivals Nio (NYSE: NIO) and Xpeng (NYSE: XPEV) gained 2.7% and 3.4%, respectively. Tesla surprised investors by reporting $1.19 per share in profits on sales of $24.3 billion -- beating on both the top and  bottom lines despite cutting prices on its ele...

    01/26/2023LI
    Why NIO And Li Shares Are Popping Today?

    Electric vehicle leader Tesla Inc (NASDAQ: TSLA) reported fourth-quarter revenue of $24.32 billion, up 37% year-over-year. The revenue total beat a Street estimate of $24.16 billion. Tesla reported fourth-quarter adjusted earnings per share of $1.19, which beat a Street estimate of $1.13. Its vehicle production totaled 439,701 units in the fourth quarter, up 44% Y/Y, and deliveries amounted to 405,278 electric vehicles, higher by 31%Y/Y. Tesla said it remains committed to a target production goa

    01/26/2023BABA
    2 Solid Growth Stocks That Are Cheaper Than They Look

    One painful mistake investors can make is to rely too much on stock screeners when looking for possible investments. For example, if they start their search by filtering out stocks with high earnings multiples, they may overlook promising businesses that have had an off year, but that are still relatively cheap. Alibaba Group Holdings (NYSE: BABA) and CVS Health (NYSE: CVS) both fall into that category, and they may be great buys right now.

    01/26/2023PDD
    3 Top-Rated Profitable Stocks to Buy Using Net Income Ratio

    Lamb Weston (LW), Pinduoduo (PDD), and Catalyst Pharmaceuticals (CPRX) have been selected as the top picks with a high net income ratio.

    01/26/2023PDD
    These Are The Top 5 China Stocks To Buy And Watch Now

    Chinese stocks rebounded with Covid curbs easing, but soaring infections are a concern. E-commerce, solar and EV stocks are among the 5 best.

    01/26/2023NIO
    Compared to TSLA, NIO Stock Is Attractively Valued, Says Analyst

    There’s not much arguing on the matter anymore with most agreeing that the future of the auto industry lies with electric vehicles (EVs). Between 2022 and 2030, Mizuho analyst Vijay Rakesh projects BEV (battery electric vehicles) sales will grow at a CAGR (compound annual growth rate) of 22% globally and could be “resilient to macro risks from higher interest rates as the overall commercialization runway remains secular.” Right now, China is the segment leader, representing roughly 64% of all BE

    01/25/2023LI
    Li Auto Inc. Sponsored ADR (LI) Dips More Than Broader Markets: What You Should Know

    Li Auto Inc. Sponsored ADR (LI) closed the most recent trading day at $23.16, moving -0.86% from the previous trading session.

    01/25/2023BILI
    Bilibili (BILI) Gains As Market Dips: What You Should Know

    Bilibili (BILI) closed the most recent trading day at $25.91, moving +1.05% from the previous trading session.

    01/25/2023JD
    JD.com, Inc. (JD) Dips More Than Broader Markets: What You Should Know

    JD.com, Inc. (JD) closed the most recent trading day at $61.38, moving -0.39% from the previous trading session.