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Chinese Tech Stocks$148.03
0.97%4:00PM 05/26/2023
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 @ 19:45:55 PM 05/26/2023
Summary :
Average return is up 1.2%
Median return is up 1.8%
37 out of 51 stocks are up (limited to those with intraday pricing feeds).

Aggregated price index

Aggregated price index with volume information

Summary:

  • Chinese Tech stocks up 1.0% on average while median return up 1.7% in a day
  • Chinese Tech stocks down 3.8% on average while median return down 3.7% in a week
  • Chinese Tech stocks down 1.1% on average while median return down 4.8% 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 %)
PDD19.0%
18.0%
8.0%
22.5437.852.502.0990.3B29%60/\-1760.2%
BZUN6.8%
-6.2%
-9.3%
51.570.450.30-44%225.6M68%40/-\176-0.2%
BIDU6.2%
1.4%
6.4%
21.3757.960.270.5762468%35.8B65%51/\-1760.0%
TAL6.0%
-0.7%
3.9%
-3.321.322.773.212.6B88%50/\/1760.6%
SIMO5.9%
14.4%
-1.1%
15.851.933.663.7233%2B80%58\/\176-0.1%
SY5.7%
-10.9%
-8.3%
0.380.68197.8M27%40\/At support1131.3%
NTES4.4%
2.4%
1.1%
20.0392.120.840.9725%61.9B39%54/\-1760.0%
HUYA3.5%
4.8%
4.8%
-12.56182.50.390.368%292.3M116%51/\/1760.1%
TKAT3.2%
-1.8%
3.0%
37.7748.8619.2M6%0%45\52-0.3%
TOUR3.2%
0.8%
-28.7%
0.220.8315.4M15%34/\58-0.4%
BABA2.8%
-3.6%
-4.1%
35.8341.610.610.80214.4B36%42/\/1760.0%
FENG2.8%
-13.3%
-2.2%
0.070.1073.5M25%43\/\90-0.2%
XPEV2.4%
-9.1%
-15.7%
65.534.335.6B35%36/\139-0.4%
CALX2.3%
-1.5%
0.3%
73.752.058.514.573B5%81%47/-3510.0%
XNET2.3%
-16.7%
-13.5%
1.101.7291.4M15%31/\/-\At support53-0.4%
QD2.2%
7.0%
12.3%
-6.42-5.10.060.21258.9M32%66\-/1640.2%
BILI2.1%
-7.2%
-15.7%
-6.14-38.021.753.305.5B50%36/\/1760.2%
NIO2.1%
-4.6%
-3.4%
-5.973349.872.713.3611.9B35%43\-\176-0.4%
JD2.0%
-5.6%
-4.7%
18.2981.580.590.14237%45.2B42%39/\102-0.3%
WIMI2.0%
-3.7%
4.8%
0.6372.1M3%45\-102-0.0%

* 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 $UXIN 64.2%, $LEJU 30.5%, $LI 21.2%, $WAFU 13.3%, $QD 12.3%
  • 1M losers are : Losers for past month are $RENN -23.8%, $CAN -25.6%, $TOUR -28.7%, $JT -30.8%, $KC -31.2%
  • 1W winners are : Winners for past week are $PDD 18.0%, $SIMO 14.4%, $VIOT 9.7%, $QD 7.0%, $HUYA 4.8%
  • 1W losers are : Losers for past week are $YRD -14.8%, $UXIN -15.4%, $XNET -16.7%, $LEJU -17.0%, $CAN -23.8%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 21.0%, for the past 3 months is 22.2%

In the past month for a 5 days rolling window, the highest corrrelation is 42.9%, the lowest correlation is 6.9%, the latest correlation is 26.7%

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 -48.5% between BIDU and MOGU

Stock news

    05/26/2023CAN
    Why Canaan Shares Are Trading Lower Today

    Canaan Inc (NASDAQ: CAN) reported a first-quarter FY23 revenue decline of 72.6% year-on-year to $55.2 million, missing the consensus of $62.1 million. Products revenue in the first quarter of 2023 was $44.1 million, compared to $196.9 million in 2022, mainly due to the lower total computing power sold and lower selling price resulting from the declined Bitcoin price. Mining revenue in the first quarter of 2023 was $11.1 million, representing an increase of 130.2% from $4.8 million in 2022, mainl

    05/26/2023BIDU
    Amazon's Prime Video Trolls Netflix's Password Crackdown, Tesla Data Leak Exposes Safety Nightmare, Elon Musk's Brain Chip Company Gets FDA Nod For Human Trial: Top Stories For Today

    Benzinga Amazon Prime Video Trolls Netflix's Password Crackdown: Remember When Love Meant Sharing? Amazon.com Inc's (NASDAQ: AMZN) Prime Video boldly roasted Netflix Inc (NASDAQ: NFLX) with a hilarious meme and a clever throwback, challenging the sanctity of shared passwords. Prime Video has unleashed a formidable response to Netflix's recent password-sharing crackdown with a witty meme and a nostalgic reminder of the streaming giant's past stance. Amazon's Prime Video UK handle took a jab at Ne

    05/26/2023JKS
    JinkoSolar (JKS) Clinches an Investment Framework Agreement

    JinkoSolar (JKS) secures an investment framework agreement involving the construction of manufacturing lines for solar components.

    05/26/2023BIDU
    China's AI Battle Gathers Steam As Baidu Prepares To Integrate ChatGPT-Like Feature To Search Engine

    Baidu, Inc (NASDAQ: BIDU) CEO Robin Li shared plans to launch Ernie 3.5, a generative AI large-language model that will power Baidu's ChatGPT-like app Ernie Bot and upgrade its search engine. Li announced at China's Zhongguancun Forum two months after Ernie Bot met with mixed reviews, Reuters reports. Ernie Bot and other products powered by the company's generative AI large-language model have remained in trial mode since the public face-off. Baidu invited a select number of companies and users

    05/26/2023UCL
    UCLOUDLINK's Operating Subsidiaries Recognized as Technologically Advanced Small and Medium-sized Enterprises

    UCLOUDLINK GROUP INC. ("UCLOUDLINK" or the "Company") (NASDAQ: UCL), the world's first and leading mobile data traffic sharing marketplace, today announced the Company's operating subsidiaries, Shenzhen uCloudlink Network Technology Co., Ltd. and Shenzhen Ucloudlink Technology Limited were recently recognized as Technologically Advanced Small and Medium-sized Enterprises (SMEs) in Shenzhen City. The Technologically Advanced SME designation is given by the Small and Medium-sized Enterprise Bureau

    05/26/2023WIMI
    WiMi Develops A Deep CNN-Based 3D Image Reconstruction Algorithm System

    WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced the development of a deep convolutional neural network-based 3D image reconstruction algorithm system. The system is an innovative model that extracts the features of the input image through a convolutional neural network, then generates the parameters of the 3D model through fully connected layers, and finally inputs these parameters into the

    05/26/2023PDD
    UPDATE 2-Pinduoduo owner PDD rides discount wave to beat revenue estimates

    PDD Holdings Inc beat analysts' estimates for first-quarter revenue on Friday as more price conscious customers turned to its discount e-commerce platforms including Pinduoduo. Chinese consumer spending has gained some momentum since the country abandoned strict zero-COVID policies late last year. Retail sales in the country rose 5.8% in the January-March period, with online retail sales up 8.6%, according to government data.

    05/26/2023PDD
    Pinduoduo owner PDD rides discount wave to beat revenue estimates

    PDD Holdings Inc beat analysts' estimates for first-quarter revenue on Friday as more price conscious customers turned to its discount e-commerce platforms including Pinduoduo. Chinese consumer spending has gained some momentum since the country abandoned strict zero-COVID policies late last year. Retail sales in the country rose 5.8% in the January-March period, with online retail sales up 8.6%, according to government data.

    05/26/2023PDD
    PDD Holdings Announces First Quarter 2023 Unaudited Financial Results

    DUBLIN and SHANGHAI, May 26, 2023 (GLOBE NEWSWIRE) -- PDD Holdings Inc. (“PDD Holdings” or the “Company”) (NASDAQ: PDD), today announced its unaudited financial results for the first quarter ended March 31, 2023. First Quarter 2023 Highlights Total revenues in the quarter were RMB37,637.1 million (US$15,480.4 million), an increase of 58% from RMB23,793.7 million in the same quarter of 2022. Operating profit in the quarter was RMB6,929.0 million (US$1,008.9 million), an increase of 222% from RMB2

    05/26/2023CAN
    Canaan Inc. Reports Unaudited First Quarter 2023 Financial Results

    Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results for the three months ended March 31, 2023.