Aggregated price index with volume information
Summary:
- Computer Communications stocks down 1.2% on average while median return down 1.0% in a day
- Computer Communications stocks down 2.0% on average while median return down 2.9% in a week
- Computer Communications stocks down 2.6% on average while median return down 6.3% 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 $NEON 40.6%, $UUU 5.9%, $BOSC 3.0%, $SILC 1.6%
- 1M losers are : Losers for past month are $LTRX -13.5%, $AAOI -16.2%, $ANET -17.0%, $RDWR -17.1%, $SMCI -20.4%
- 1W winners are : Winners for past week are $NEON 22.4%, $AAOI 7.9%, $EXTR 2.5%, $SILC 2.3%
- 1W losers are : Losers for past week are $DGII -5.2%, $FFIV -5.7%, $LTRX -6.9%, $ANET -9.3%, $SMCI -20.6%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 13.7%, for the past 3 months is 12.1%
In the past month for a 5 days rolling window, the highest corrrelation is 27.3%, the lowest correlation is 1.7%, the latest correlation is 4.3%
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 70.1% between CSCO and NTGR
The lowest correlation is -75.4% between BOSC and SILC
Super Micro stock fell hard after the data-center computer specialist didn't announce preliminary results for its fiscal Q3.
Shares of Super Micro Computer (SMCI) fell sharply Friday after the company opted not to pre-announce its first-quarter results. This development comes as the semiconductor sector undergoes a sector-wide correction. Bernstein Managing Director and Senior Analyst Stacy Rasgon joins Market Domination to provide insights into this situation. Rasgon acknowledges that while the chip sector is undergoing a correction, "outside of AI" the industry has not been performing well. He notes that other segme...
The Nasdaq had its worst week since 2022 as AI stocks Nvidia and Super Micro flashed sell signals. Tesla, Microsoft, Meta lead earnings on tap.
(Bloomberg) -- Super Micro Computer Inc. and Nvidia Corp plummeted on Friday, with the two AI favorites leading a broad-based tech selloff.Most Read from BloombergElon Wants His Money BackNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to ThemDubai Grinds to Standstill as Flooding Hits City‘Mag Seven’ Get Crushed Before Next Week’s Results: Markets WrapIsrael Reported to Have Launched Retaliatory Strike on IranThe maker of equipment to handle artificial intelligence work sank 2
Nvidia and other AI stocks fell Friday after Super Micro Computer announced its next earnings date without giving preliminary results.
The Dow Jones Industrial Average (^DJI) is the lone leader among market indexes, closing the trading week higher by a mere 0.01% and rising by 210 points in Friday's session. The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) extend their losing streaks to their sixth consecutive days. Market Domination Overtime Anchor Julie Hyman looks back on today's market activity while keeping a close eye on a handful of top trending stocks. For more expert insight and the latest market action, click here to ...
Nvidia stock plunged Friday falling sharply below its 50-day average as the broader market retreated in a major sell-off.
A scare from Super Micro Computer sent the AI sector spiraling.
Super Micro surprised investors by not preannouncing a big quarter this time.
In seven of the past eight quarters, the company disclosed preliminary results ahead of its earnings report, generally raising its guidance.