Aggregated price index with volume information
Summary:
- Consumer Durables stocks up 0.6% on average while median return up 0.5% in a day
- Consumer Durables stocks down 2.5% on average while median return down 3.3% in a week
- Consumer Durables stocks down 3.1% on average while median return down 6.0% 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.
Related ETFs (click on ticker for stock detail page)
- 1M winners are : Winners for past month are $NVFY 81.6%, $CHCI 54.7%, $KNDI 14.3%, $REVG 12.7%, $NIU 12.3%
- 1M losers are : Losers for past month are $HOFT -21.2%, $NIO -25.5%, $GPRO -27.0%, $XPEV -27.1%, $MPAA -29.3%
- 1W winners are : Winners for past week are $KNDI 22.0%, $NVFY 19.5%, $CHCI 15.2%, $FNKO 6.6%, $ESCA 5.9%
- 1W losers are : Losers for past week are $FRSX -10.6%, $HEAR -11.5%, $MPAA -11.7%, $NIU -12.7%, $TSLA -14.0%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 28.7%, for the past 3 months is 21.9%
In the past month for a 5 days rolling window, the highest corrrelation is 31.6%, the lowest correlation is 9.0%, the latest correlation is 13.5%
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 83.5% between CCS and DHI
The lowest correlation is -56.1% between FNKO and FRSX
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