Aggregated price index
Aggregated price index with volume information
Summary:
- Coronavirus Testing stocks up 0.4% on average while median return up 0.5% in a day
- Coronavirus Testing stocks up 3.1% on average while median return up 3.8% in a week
- Coronavirus Testing stocks up 7.5% on average while median return up 6.1% 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 $QGEN 10.2%, $TMO 9.6%, $ABT 8.7%, $GH 7.2%
- 1M losers are : Losers for past month are $CODX -0.3%
- 1W winners are : Winners for past week are $BDX 8.3%, $GH 6.4%, $ABT 4.3%, $TMO 4.0%
- 1W losers are : Losers for past week are $CODX -6.2%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 44.6%, for the past 3 months is 45.4%
In the past month for a 5 days rolling window, the highest corrrelation is 75.9%, the lowest correlation is -0.3%, the latest correlation is 2.3%
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 80.6% between GH and TMO
The lowest correlation is 7.1% between BDX and FLDM
Stock news
In this article, we discuss the top 10 stock picks of Alexander West’s Blue Pool Capital as of the end of the third quarter of 2021 and assess their performance over the past 12 months. If you want to skip our detailed analysis of West’s history, investment philosophy, and hedge fund performance, go directly to […]
In this article, we discuss 11 best COVID stocks to buy according to hedge funds. If you want to see more stocks in this selection, check out 5 Best COVID Stocks To Buy According To Hedge Funds. In May 2022, the United States exceeded one million deaths from COVID-19. Healthcare experts believe that the virus […]
QIAGEN's (QGEN) latest multiplex test is expected to strengthen its portfolio and boost its fight against the global monkeypox outbreak.
Thermo Fisher (TMO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
From the middle of August through the end of September, the S&P 500 index tanked 16.6%, and the tech-heavy Nasdaq Composite index slid 19.4%. The Relief study showed that patients who started using Abbott's new CGM had 67% fewer hospitalizations for acute diabetic events after one year.
Investors continue to be optimistic about QIAGEN (QGEN) on the back of a series of product launches.
Stephany Foster Spahr is chief human resource officer at QIAGEN, a diagnostics and life sciences company, and sponsors the DEI program. She started her career at PricewaterhouseCoopers in Global Risk Management Services.
Addressing social determinants of health and improving access to health services and resources
The fact that multiple Abbott Laboratories ( NYSE:ABT ) insiders offloaded a considerable amount of shares over the...
With a price-to-earnings (or "P/E") ratio of 30.1x Thermo Fisher Scientific Inc. ( NYSE:TMO ) may be sending very...