Aggregated price index with volume information
Summary:
- Chinese Tech stocks up 2.6% on average while median return up 1.7% in a day
- Chinese Tech stocks up 8.8% on average while median return up 7.6% in a week
- Chinese Tech stocks up 4.1% on average while median return up 3.5% 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.
- 1M winners are : Winners for past month are $CMCM 57.4%, $NIU 32.6%, $IQ 23.8%, $CWEB 20.1%, $BZUN 19.4%
- 1M losers are : Losers for past month are $NTES -7.4%, $CALX -15.2%, $LI -17.0%, $SEED -18.2%, $CAN -35.7%
- 1W winners are : Winners for past week are $CWEB 26.5%, $IQ 22.0%, $CAN 21.8%, $BILI 20.3%, $BZUN 19.4%
- 1W losers are : Losers for past week are $SEED -0.8%, $CALX -3.0%, $SY -3.5%, $FENG -3.8%, $LI -5.0%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 27.8%, for the past 3 months is 26.7%
In the past month for a 5 days rolling window, the highest corrrelation is 40.4%, the lowest correlation is 7.7%, the latest correlation is 31.8%
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 -41.9% between CALX and MOGU
SINGAPORE, April 27, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company”), a global technology company, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023, with the Securities and Exchange Commission on April 26, 2024, Eastern Time. The annual report can be accessed on the Company’s investor relations website at http://ir.joyy.com. The Company will provide a hard copy of its annual report containing the audited consolidat
Even growing slower, at less than 15 times earnings, Li Auto stock looks cheap.
In this article, we will look at the 15 freest countries in Asia. If you want to skip our detailed analysis, you can go directly to the 5 Freest Countries in Asia. The United Nations Universal Declaration of Human Rights outlines a wide range of basic human rights and freedoms, including the right to social security, […]
EV stocks are getting a jolt today after two leading companies are steering more directly into a new market.
The subsidiary of Chinese e-commerce giant PDD is already the most popular shopping app in the U.S. on both Android and Apple devices.
Renault held talks this week with China's Li Auto and Xiaomi on electric and intelligent vehicle technologies, the French carmaker said on Friday, opening the door to potential collaboration on technology with the two companies. "Our CEO Luca de Meo engaged in pivotal conversations with industry leaders, including our partners Geely and Dongfeng, key suppliers but also the new players like the founders of Li Auto and Xiaomi Technology," Renault's procurement and partnerships chief Francois Prov...
Alibaba stock rose on Friday amid its longest winning streak in a year, but investors shouldn’t be too excited: shares in the Chinese tech giant are still near multiyear lows, with lots of reason for caution even as the bull case looks exciting. Shares in Alibaba rose 2% in U.S. premarket trading on Friday, with the stock on track for its seventh consecutive day in the green. Alibaba stock is down more than 75% from its late-2020 record high.
They're all great companies -- and they're even better investments after their shares' recent sell-offs.
JinkoSolar Holding Co., Ltd. (the "Company," or "JinkoSolar") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it has once again topped the PV Tech 2024 Q1 ModuleTech Bankability Report, earning a "AAA" rating, which underlines the company's leadership position in manufacturing excellence, reliable quality, market share, sound financial performance, and technological innovation.
Shareholders might have noticed that Calix, Inc. ( NYSE:CALX ) filed its first-quarter result this time last week. The...