Aggregated price index with volume information
- Clean Energy Technology stocks down 1.3% on average while median return down 1.2% in a day
- Clean Energy Technology stocks down 7.3% on average while median return down 6.7% in a week
- Clean Energy Technology stocks down 9.3% on average while median return down 10.0% 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.
- 1M winners are : Winners for past month are $ARRY 6.3%, $TSLA 3.4%
- 1M losers are : Losers for past month are $FCEL -16.9%, $BEEM -17.8%, $NOVA -18.3%, $SEDG -19.4%, $TPIC -36.7%
- 1W winners are : Winners for past week are $POLA 0.9%
- 1W losers are : Losers for past week are $SPWR -11.8%, $MAXN -12.1%, $PLUG -12.8%, $BLDP -13.3%, $NOVA -15.7%
Index correlation analysis
Correlation for the past month is 42.7%, for the past 3 months is 34.0%
In the past month for a 5 days rolling window, the highest corrrelation is 63.9%, the lowest correlation is 13.6%, the latest correlation is 19.8%
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 90.4% between ARRY and TAN
The lowest correlation is -38.0% between CMI and TSLA
Stack AV founder Bryan Selesky is keeping most of the details of his autonomous trucking startup to himself for now. The post Q&A with Stack AV autonomous trucking founder Bryan Salesky appeared first on FreightWaves.
A deep dive into the valuation and financial performance of Plug Power Inc (PLUG)
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Cummins (CMI) closed the most recent trading day at $232.80, moving -0.8% from the previous trading session.
Plug Power (PLUG) closed at $8.09 in the latest trading session, marking a -1.82% move from the prior day.
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