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Coronavirus Testing Stocks$239.37
-0.64%4:00PM 11/23/2020
The country continues to grapple with the shortage of testing kits for the novel coronavirus (COVID-19) amid the increasing number of those requiring one. Several governors have called for the Centers for Disease Control and Prevention (CDC) to expedite the production and shipping of additional test kits.
Latest intraday update before market close @ 19:45:00 PM 11/23/2020
Summary :
Average return is down -1.1%
Median return is down -1.2%
3 out of 10 stocks are up (limited to those with intraday pricing feeds).

Aggregated price index

Aggregated price index with volume information

Summary:

  • Coronavirus Testing stocks down 0.6% on average while median return down 0.9% in a day
  • Coronavirus Testing stocks down 2.0% on average while median return down 2.2% in a week
  • Coronavirus Testing stocks down 0.9% on average while median return down 2.0% 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 is based on equal weighted constituencies returns,Aggregated volume information is based on sum of all constituencies volumes

Index Constituencies

Related Stocks (click on ticker for detail)

Related ETFs (click on ticker for detail)

leak data

  • 1M winners are : Winners for past month are $GNMK 17.4%, $GH 11.1%, $CEMI 5.1%, $LMNX 3.3%
  • 1M losers are : Losers for past month are $BDX -5.2%, $QGEN -7.2%, $TMO -7.5%, $CODX -13.4%, $OPGN -17.5%
  • 1W winners are : Winners for past week are $CEMI 13.5%, $GH 9.4%, $DGX 2.2%, $QGEN 1.2%
  • 1W losers are : Losers for past week are $LH -3.0%, $ABT -3.9%, $BDX -5.8%, $TMO -7.3%, $CODX -22.8%
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Correlation Analysis

Index correlation analysis

Correlation for the past month is 35.0%, for the past 3 months is 31.0%

In the past month for a 5 days rolling window, the highest corrrelation is 53.0%, the lowest correlation is -0.3%, the latest correlation is 1.9%

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 89.1% between DGX and LH

The lowest correlation is -16.2% between BDX and CEMI

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