Aggregated price index with volume information
Summary:
- Consumer Durables stocks up 2.5% on average while median return up 2.5% in a day
- Consumer Durables stocks up 3.6% on average while median return up 3.6% in a week
- Consumer Durables stocks up 12.6% on average while median return up 10.7% 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.
- 1M winners are : Winners for past month are $KOSS 134.3%, $HOV 54.5%, $MHK 50.5%, $IRBT 49.2%, $MHO 39.3%
- 1M losers are : Losers for past month are $F -7.6%, $NTZ -8.6%, $BHAT -11.9%, $FOSL -14.3%, $HELE -38.0%
- 1W winners are : Winners for past week are $MHK 24.5%, $IRBT 23.4%, $HOV 19.6%, $MAT 18.1%, $REVG 15.8%
- 1W losers are : Losers for past week are $ARLO -6.6%, $TSLA -8.1%, $GM -8.7%, $LKQ -10.9%, $F -20.0%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 28.9%, for the past 3 months is 21.0%
In the past month for a 5 days rolling window, the highest corrrelation is 38.1%, the lowest correlation is 6.3%, the latest correlation is 28.0%
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 93.1% between BZH and CCS
The lowest correlation is -49.0% between ARLO and BHAT
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