Aggregated price index with volume information
Summary:
- Data Processing Services stocks up 0.3% on average while median return up -0.2% in a day
- Data Processing Services stocks up 0.6% on average while median return up 0.5% in a week
- Data Processing Services stocks down 4.9% on average while median return down 5.5% 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 $DWSN 16.0%, $GB 10.6%, $TNET 8.5%, $DXC 1.5%, $MPLN 1.2%
- 1M losers are : Losers for past month are $RAMP -11.4%, $FVRR -13.7%, $KC -14.6%, $YEXT -26.9%, $INOD -42.8%
- 1W winners are : Winners for past week are $INOD 10.6%, $RXT 6.8%, $GB 6.6%, $OPRX 3.5%, $PCYG 3.1%
- 1W losers are : Losers for past week are $EEFT -2.3%, $RAMP -2.7%, $GPN -3.2%, $WEX -5.4%, $DWSN -6.8%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 9.8%, for the past 3 months is 8.9%
In the past month for a 5 days rolling window, the highest corrrelation is 20.9%, the lowest correlation is -0.7%, the latest correlation is 12.9%
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 90.3% between ADP and PAYX
The lowest correlation is -61.5% between FDS and MPLN
Unpacking the Financial Health of GDS Holdings and Its Potential Risks
S&P Dow Jones Indices will make the following changes to the S&P 500, the S&P MidCap 400 and the S&P SmallCap 600 indices:
Investors in Asia go into the final trading day of a bruising quarter - also a day packed with top-tier economic indicators from Japan - in a slightly better frame of mind after a much-needed rebound in global sentiment and risk assets on Thursday. Japanese retail sales, industrial output, consumer confidence and Tokyo inflation data top the regional calendar on Friday, which also includes Australian credit and lending figures and Thai manufacturing and current account data. On top of that, Ch...
Investors in Asia go into the final trading day of a bruising quarter - also a day packed with top-tier economic indicators from Japan - in a slightly better frame of mind after a much-needed rebound in global sentiment and risk assets on Thursday. Japanese retail sales, industrial output, consumer confidence and Tokyo inflation data top the regional calendar on Friday, which also includes Australian credit and lending figures and Thai manufacturing and current account data. On top of that, Ch...
LITTLETON, Colo., September 28, 2023--CPI Card Group Inc. (Nasdaq: PMTS) ("CPI" or the "Company"), a payment technology company providing a range of credit, debit, and prepaid solutions, complementary digital solutions, and Software-as-a-Service (SaaS) instant issuance, has been named one of the 2024 Best Companies to Work For by U.S. News and World Report.
Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, and ADP (NASDAQ: ADP), a global technology company providing human capital management (HCM) solutions, today announced an extended partnership to provide an enhanced frictionless global payroll, compliance, and HR experience for joint customers.
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Paychex, Inc. (NASDAQ:PAYX) Q1 2024 Earnings Call Transcript September 27, 2023 Paychex, Inc. beats earnings expectations. Reported EPS is $1.16, expectations were $1.12. Operator: Good day, everyone, and welcome to today’s Paychex First Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, you will have the opportunity to ask […]
DENVER, September 28, 2023--CSG® (NASDAQ: CSGS) invites you to participate in a conference call on Wednesday, November 1, 2023 at 5:00 p.m. ET to discuss the company's third quarter 2023 earnings results. The conference call will feature CSG president and chief executive officer Brian Shepherd and CSG chief financial officer Hai Tran.
Paychex's (PAYX) earnings and revenues grow year over year due to in-demand HR solutions.