Aggregated price index
Aggregated price index with volume information
Summary:
- The momentum of the sector is very strong.
- Chip Equipment stocks up 4.2% on average while median return up 5.6% in a day
- Chip Equipment stocks up 7.7% on average while median return up 9.0% in a week
- Chip Equipment stocks up 10.3% on average while median return up 8.6% 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 $TSM 16.8%, $AMAT 8.7%
- 1M losers are : Losers for past month are $ASML -6.0%
- 1W winners are : Winners for past week are $TSM 13.9%, $AMAT 10.7%
- 1W losers are : Losers for past week are $ASML -1.5%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 69.6%, for the past 3 months is 66.4%
In the past month for a 5 days rolling window, the highest corrrelation is 98.4%, the lowest correlation is 31.2%, the latest correlation is 31.2%
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 94.7% between AMAT and LRCX
The lowest correlation is 41.8% between ASML and TSM
Stock news
Investment company Piscataqua Savings Bank (Current Portfolio) buys Materials Select Sector SPDR, Vanguard S&P 500 ETF, Waste Management Inc, iShares Core S&P Small-Cap ETF, iShares Core S&P Mid-Cap ETF, sells LyondellBasell Industries NV, DuPont de Nemours Inc, Eversource Energy, Vanguard FTSE Developed Markets ETF, Suburban Propane Partners LP during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Piscataqua Savings Bank.
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The world’s largest contract chip maker said that it has set 2022’s capital expenditure budget at $40 billion to $44 billion, a record.
TSMC, the world's biggest contract chipmaker, is doubling its forecast for revenue growth amid what it calls a "multi-year industry megatrend" for global semiconductor demand.
The market rally hit resistance Wednesday, but Tesla and AMAT made strong moves. Taiwan Semiconductor earnings are due early Thursday.
Taiwan Semiconductor, Apple, Advanced Micro Devices and NVIDIA Corp are included in this analyst blog.
TD Ameritrade Chief Market Strategist JJ Kinahan joins Yahoo Finance Live’s Akiko Fujita and Zack Guzman to discuss what investors are focused on amid higher inflation and earnings season.
The benchmark PHLX Semiconductor Index is in retreat in early 2022, down about 2% through January 11. No doubt about it, 2022 should be an interesting year for semiconductors, as many investors play a game of chicken with chip stocks, holding on as long as they can with chip demand so high due to supply shortages. When that ends, the industry likely returns to normal and semiconductor prices should moderate.
The raging shortage of chipmaking facilities is unequivocally good news for this maker of semiconductor manufacturing tools.
Applied Materials (AMAT) closed at $152.45 in the latest trading session, marking a +1.91% move from the prior day.