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