Aggregated price index with volume information
Summary:
- Digital Marketing stocks down 1.4% on average while median return down 0.8% in a day
- Digital Marketing stocks down 2.3% on average while median return down 0.5% in a week
- Digital Marketing stocks down 9.8% on average while median return down 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 $CMPR 6.4%
- 1M losers are : Losers for past month are $RAMP -11.4%, $IBEX -21.7%, $ICLK -22.0%, $BZUN -22.3%, $CREX -24.8%
- 1W winners are : Winners for past week are $IBEX 3.3%, $EVC 3.1%, $MGNI 2.4%, $TTD 2.4%, $PERI 2.1%
- 1W losers are : Losers for past week are $CMPR -2.8%, $BZUN -5.2%, $BLIN -5.6%, $CREX -12.9%, $ICLK -14.5%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 8.7%, for the past 3 months is 9.4%
In the past month for a 5 days rolling window, the highest corrrelation is 19.8%, the lowest correlation is 0.6%, the latest correlation is 16.9%
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 59.2% between QNST and RAMP
The lowest correlation is -65.6% between BLIN and GHC
General Electric's (GE) Digital business' partnership with EnergyHub is aimed at streamlining the management of DERs through the combination of GE Vernova's GridOS DERMS and EnergyHub's DERMS.
It's generally ill-advised to attempt to try timing the market, but that doesn't mean prospective investors should blindly buy a stock of a well-run company, either. This thought is shared by renowned investor Warren Buffett, who noted in his 1982 annual letter to Berkshire Hathaway shareholders, "For investors, paying an excessively high price for the stock of an outstanding company can negate the benefits of a decade of favorable business developments." With that in mind, it's a savvy strate...
In this article, we present the stock picks of a top performing hedge fund that is up 88% this year. If you want to skip our detailed analysis of CAS Investment Partners’ history, investment philosophy, and hedge fund performance, go directly to 5 Top Stocks CAS Investment Partners is Buying. Founded by Clifford Sosin, CAS […]
Strength across the process and hybrid end markets, improving supply chains and expansion initiatives bode well for Emerson (EMR). The company's shareholder-friendly policies are encouraging.
Magnite (MGNI) partners with Snowflake's Media Data Cloud to enhance secure data activation for agencies, advertisers and media proprietors within the company's streaming inventory.
Today's top research calls for upgrade, downgrade and initiate on stocks, as compiled by The Fly.
A lot is going on in the world of growth stocks outside of the artificial intelligence (AI) names that investors are excited about. Investors can find stocks worth a look in digital advertising, robotic-assisted surgery, and even fertility care. Recent pullbacks make The Trade Desk (NASDAQ: TTD), Intuitive Surgical (NASDAQ: ISRG), and Progyny (NASDAQ: PGNY) more attractive stocks.
Here is how Cimpress (CMPR) and Comcast (CMCSA) have performed compared to their sector so far this year.
With its stock down 28% over the past three months, it is easy to disregard IBEX (NASDAQ:IBEX). However, stock prices...
SANTA MONICA, Calif., September 27, 2023--Entravision (NYSE: EVC), a leading global advertising solutions, media and technology company, today announced Chris Young, Chief Financial Officer and Treasurer, will present at the Deutsche Bank 31st Annual Leveraged Finance Conference to be held October 2-4, 2023, in Scottsdale, Arizona. Management is scheduled to present on Wednesday, October 4th at 10:00 a.m. PT and will participate in meetings with investors throughout the day.