Aggregated price index
Aggregated price index with volume information
Summary:
- Crypto stocks down 0.8% on average while median return down -1.1% in a day
- Crypto stocks down 4.3% on average while median return down 3.8% in a week
- Crypto stocks down 3.0% on average while median return down 10.8% 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
- 1M winners are : Winners for past month are $RIOT 28.6%, $GROW 12.1%
- 1M losers are : Losers for past month are $SRAX -12.8%, $OSTK -16.1%, $XNET -21.6%
- 1W winners are : Winners for past week are $SRAX 7.0%
- 1W losers are : Losers for past week are $XNET -4.3%, $RIOT -12.6%, $OSTK -12.9%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 4.0%, for the past 3 months is 16.6%
In the past month for a 5 days rolling window, the highest corrrelation is 36.0%, the lowest correlation is -15.7%, the latest correlation is 36.0%
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 36.7% between OSTK and UEPS
The lowest correlation is -30.7% between OSTK and SRAX
Stock news
The business, which includes an unlikely pairing between e-commerce retailing and blockchain and cryptocurrency tech, is well positioned to boost sales and profits through several growth avenues. On Thursday, Overstock's announcement contained further evidence that the retailing segment is seeing a sustained lift from pandemic-related consumer shopping changes even as management bets more aggressively on its blockchain unit. Like peers including Wayfair, the company has noticed surging demand ...
Quarterly net income of $23 million and total net revenue of $732 millionSALT LAKE CITY, Oct. 29, 2020 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (NASDAQ:OSTK) today reported financial results for the quarter ended September 30, 2020. Third Quarter Financial Highlights * Total net revenue was $732 million, an increase of 111% year over year * Gross profit was $171 million or 23% of total net revenue, an increase of 330 basis points year over year * Net income attributable to stockholders of Ove...
tZERO, a leader in financial innovation and liquidity for private companies, announced today it has signed an agreement with Tynton Capital, a venture capital and private equity firm, to provide digitization services for its planned data infrastructure technology fund, which will be issued on the Tezos Blockchain. The fund has a planned offering size of $300 million USD and is expected to trade on the tZERO ATS, following its offering and any applicable regulatory holding periods and confirmator...
Enables blockchain-based financial services firm to pursue market opportunitiesSALT LAKE CITY, Oct. 28, 2020 (GLOBE NEWSWIRE) -- Medici Ventures, the wholly owned blockchain-focused subsidiary of Overstock.com, Inc. (NASDAQ:OSTK), today announced an $8 million equity purchase in Bitt, its Barbados-based keiretsu company. The additional equity will enable Bitt to pursue market opportunities that accelerate the adoption of digital currencies in developing countries. This transaction gives Medici V...
No subscription or minimum purchase price requiredSALT LAKE CITY, Oct. 22, 2020 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (NASDAQ:OSTK), a leading e-commerce company for all things home, announced today free shipping on all orders, offering shoppers ongoing savings for years to come. This new benefit applies to all inventory, requires no subscription or annual fee, requires no minimum purchase price, and does not have an item size or price cap. Overstock initially introduced free shipping on ever...
SALT LAKE CITY, Oct. 20, 2020 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (NASDAQ:OSTK), a leading ecommerce home furnishings retailer and advocate of blockchain technology, is scheduled to release third quarter financial results for the period ended September 30, 2020, on Thursday, October 29, 2020, before the market opens. The company has scheduled a conference call and webcast for 8:30am ET that day to discuss these results and take questions from participants during the live event. Questions may...
Investors need to pay close attention to Riot Blockchain (RIOT) stock based on the movements in the options market lately.
On Thursday, Square (NYSE: SQ) announced it's investing million in bitcoin, the largest cryptocurrency. CEO Jack Dorsey calls bitcoin the most viable currency for the internet.Chamath Palihapitiya discussed bitcoin at the Benzinga Boot Camp recently. He invested $1 million in bitcoin in 2012 through a friend's recommendation and later bought more after doing due diligence.Palihapitiya has since sold his bitcoin and now invests in the cryptocurrency through companies that own coins: "It's easier ...