Aggregated price index with volume information
Summary:
- Crypto stocks up 3.5% on average while median return up 4.4% in a day
- Crypto stocks down 5.8% on average while median return down 5.8% in a week
- Crypto stocks up 8.7% on average while median return up 9.3% 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 $RIOT 24.0%, $MSTR 20.2%, $COIN 13.2%, $MARA 11.4%
- 1M losers are : Losers for past month are $XNET -4.7%
- 1W winners are : Winners for past week are
- 1W losers are : Losers for past week are $BTBT -6.4%, $RIOT -6.9%, $CAN -12.4%, $MARA -12.8%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 21.9%, for the past 3 months is 23.4%
In the past month for a 5 days rolling window, the highest corrrelation is 30.0%, the lowest correlation is -7.6%, the latest correlation is 27.8%
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 89.5% between MARA and RIOT
The lowest correlation is -62.4% between MARA and XNET
Bitcoin is rising once again. Meanwhile, the spot ether ETF market saw more net outflows on Thursday.
Insight into ARK Investment Management's Q2 2024 Moves
As the Q1 earnings season comes to a close, it’s time to take stock of this quarter's best and worst performers in the online marketplace industry, including Coinbase (NASDAQ:COIN) and its peers.
Ethereum remains dominant in DeFi, but Solana and Chainlink show significant potential, experts say.
Coinbase Global said Thursday it added OpenAI’s Chris Lehane and two others to its board. Lehane, a former aide to President Bill Clinton who also ran Airbnb's policy team, is now the vice president for public works at OpenAI.
Paul Clement, who previously served as the former solicitor general under the Bush administration, will join the board at Coinbase, the U.S.’ largest cryptocurrency exchange.
U.S. cryptocurrency exchange Coinbase has added three new members to its board of directors, including an executive from ChatGPT-maker OpenAI, as the company steps up its efforts to sway U.S. crypto policy, Coinbase told Reuters on Thursday. The new members are Chris Lehane, a member of the executive team at OpenAI; Paul Clement, former U.S. Solicitor General under President George W. Bush; and Christa Davies, chief financial officer for Aon and a board member for Stripe and Workday.
Several high-profile technology stocks dominate the earnings calendar, along with several top-performing growth stocks.
Coinbase Global (COIN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The U.K.’s financial regulator fined an arm of Coinbase, saying the unit had enabled crypto trading by risky clients totaling hundreds of millions of dollars, stoking concerns about potential money laundering. The Financial Conduct Authority levied the penalty on Coinbase's CB Payments arm. CB takes in deposits from customers, who then use the money to buy and sell cryptocurrencies on Coinbase.