Aggregated price index
Aggregated price index with volume information
Summary:
- Communications stocks down 1.1% on average while median return down 0.7% in a day
- Communications stocks down 0.6% on average while median return down 0.7% in a week
- Communications stocks down 12.9% on average while median return down 5.7% 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 $SPOK 11.1%, $HGBL 9.4%, $SKM 8.3%, $IDT 6.4%, $TLK 6.0%
- 1M losers are : Losers for past month are $LUMN -32.1%, $MARK -38.6%, $CNSL -42.7%, $COMS -47.3%, $VEON -96.3%
- 1W winners are : Winners for past week are $CTV 10.9%, $VEON 10.1%, $PHI 6.8%, $WOW 4.9%, $TEO 4.7%
- 1W losers are : Losers for past week are $ATEX -7.3%, $S -8.0%, $CNSL -8.7%, $MARK -10.2%, $KLR -10.5%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 15.4%, for the past 3 months is 16.3%
In the past month for a 5 days rolling window, the highest corrrelation is 32.9%, the lowest correlation is 3.1%, the latest correlation is 19.2%
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 99.5% between LBRDA and LBRDK
The lowest correlation is -53.9% between CNSL and GOGO
Stock news
SAN DIEGO, March 22, 2023--Heritage Global Inc. (NASDAQ: HGBL) ("Heritage Global," "HG" or "the Company"), an asset services company specializing in financial and industrial asset transactions, today announced the appointment of William ("Bill") Burnham to its Board of Directors.
The former Microsoft U.S. president aims to modernize a telecom company.
The consensus price target hints at a 29.5% upside potential for TIM S.A. Sponsored ADR (TIMB). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Maxine Moreau, president of Mass Markets at Lumen Technologies (NYSE: LUMN), will present at the New Street Research and BCG Second Annual Fiber to the Future Conference on March 28. The presentation is scheduled to begin at 11:15 a.m. ET.
PARIS, March 21, 2023--Anheuser-Busch InBev (AB InBev), the world’s leading brewing company, has renewed its trust in Orange Business, laying the critical infrastructure foundation to enable its future digital innovation plans in Europe. Putting employee experience at the heart of its strategy, AB InBev has chosen Orange Business to deliver connectivity and voice services as the backbone for enhanced productivity.
Innovid (NYSE: CTV), an independent advertising platform for the delivery, personalization and measurement of converged TV, today announced its partnership to power more personalized ad creative for Walmart DSP, the demand-side platform for the omnichannel retail media business of America's largest retailer – Walmart Connect. In addition to creative personalization, optimization and interactive experiences for placements like connected TV (CTV), Innovid will also offer ad delivery services to en
Kaleyra, Inc. (NYSE: KLR) (NYSE American: KLR WS) ("Kaleyra" or the "Company"), a rapidly growing omnichannel business communications platform, is proud to announce that Valeria Magoni, the company's Senior Director of Product and Corporate Marketing, has been elected as a Global Board Member of the Mobile Ecosystem Forum (MEF).
Telecom Argentina (NYSE: TEO, BASE: TECO2), ("Telecom Argentina" or the "Company"), announces that it has submitted today its 2022 Annual Report on Form 20-F to the U.S. Securities and Exchange Commission ("SEC"), which includes our audited financial statements under International Financial Reporting Standards ("IFRS") as of and for the year ended December 31, 2022.
Sidoti & Company, LLC has released the presentation schedule and weblinks for its two-day March Small-Cap Conference taking place Wednesday and Thursday, March 22-23, 2023.
Quite a few insiders have dramatically grown their holdings in TELUS Corporation ( TSE:T ) over the past 12 months. An...