Aggregated price index with volume information
Summary:
- Cybersecurity stocks up 0.6% on average while median return up 0.4% in a day
- Cybersecurity stocks up 3.2% on average while median return up 1.8% in a week
- Cybersecurity stocks up 13.2% on average while median return up 10.9% 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 $CRWD 26.9%, $ZS 21.0%, $PANW 20.2%, $TENB 11.8%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are $CRWD 12.5%, $PANW 5.4%, $HACK 3.3%, $ZS 2.6%
- 1W losers are : Losers for past week are $FTNT -0.5%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 20.8%, for the past 3 months is 41.2%
In the past month for a 5 days rolling window, the highest corrrelation is 81.5%, the lowest correlation is 2.4%, the latest correlation is 38.2%
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 76.9% between HACK and ZS
The lowest correlation is -23.8% between FTNT and TENB
A hacker or hackers have accessed nearly 7 million profiles of 23andMe customers, spokesperson for the genetic testing firm told CNN on Tuesday, including in some cases users’ ancestry reports, zip codes and birth years.
Zscaler (ZS) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Fortinet’s commitment to providing a more extensive global cloud network ensures customers can more seamlessly connect and secure their hybrid workforces to critical applicationsSUNNYVALE, Calif., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced an expanded strategic partnership with Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, coloc
Want to build a portfolio of powerful AI stocks? Investing in these seven incredible companies could help you crush the market.
Nvidia and Palo Alto Networks are soaring, and it's not too late to bet on their long-term success.
Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, today announced it has completed its acquisition of Dig Security, an innovative provider of Data Security Posture Management (DSPM). The large volumes of data stored in the cloud require data security solutions that are purpose-built to handle the complexities of cloud environments. Dig's cutting-edge capabilities, seamlessly integrated into Palo Alto Networks Prisma® Cloud platform, will provide organizations with near-real-tim
Artisan Partners, an investment management company, released its “Artisan Mid Cap Fund” third quarter 2023 investor letter. A copy of the same can be downloaded here. Inflation remained on a downward trend in the quarter and the fund’s Investor Class fund ARTMX returned -2.95%, Advisor Class fund APDMX posted a return of -2.92%, and Institutional Class […]
Cybersecurity is a mission-critical investment for just about every enterprise these days. Cybersecurity might be a relatively small part of Microsoft's (NASDAQ: MSFT) portfolio, but it's an important draw for its enterprise customers. A Microsoft investment comes with attractive features that are missing from many pure-play cybersecurity stocks.
Continuing their streaks of exceeding quarterly earnings expectations, the expansion of these companies should definitely be on investors' radars.
Cybersecurity stocks have underperformed in 2023. But cloud security companies may be better positioned as corporate budgets tighten.