Aggregated price index with volume information
Summary:
- Education Tech stocks down 1.8% on average while median return down 2.6% in a day
- Education Tech stocks up 2.7% on average while median return up 2.8% in a week
- Education Tech stocks up 4.3% on average while median return up 4.8% 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 (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 $CHGG 20.6%, $PSO 9.6%
- 1M losers are : Losers for past month are $AMST -5.5%, $DAO -8.2%
- 1W winners are : Winners for past week are $CHGG 7.3%, $AMST 3.2%
- 1W losers are : Losers for past week are $DAO -2.8%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 12.5%, for the past 3 months is -0.1%
In the past month for a 5 days rolling window, the highest corrrelation is 45.6%, the lowest correlation is -20.2%, the latest correlation is 13.0%
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 32.8% between EDTK and PSO
The lowest correlation is -18.1% between AMST and EDTK
DETROIT, July 25, 2024 (GLOBE NEWSWIRE) -- Amesite Inc. (NASDAQ: AMST), a leading artificial intelligence software company offering a cloud-based learning platform for business and education markets, announces today it has released a video shareholder update to its website today, July 25, 2024 at 6:00pm. The presentation is available to shareholders here: https://ir.amesite.com/news-events/media As part of the update, Amesite's CEO, Dr. Ann Marie Sastry, will review: Progress on New B2C App: Nur
Investors need to pay close attention to Chegg (CHGG) stock based on the movements in the options market lately.
LONDON, July 23, 2024--Pearson (FTSE: PSON.L), the world’s lifelong learning company, announces the appointment of Ginny Cartwright Ziegler as Chief Marketing Officer. Ginny will report to CEO Omar Abbosh and will lead the next generation of the company’s work in marketing, brand and communications, effective 29 July 2024. Ginny succeeds Lynne Frank, who is stepping down from her dual role as Chief Marketing Officer and Co-President, Direct to Consumer.
Pearson (FTSE: PSON.L), the world's lifelong learning company, has been awarded the contract to deliver a new online platform, through which UK central government employees will be able to access learning and skills development opportunities.
As student usage of generative AI surges in higher education, many instructors report lacking an understanding of how AI can support their teaching. To address this gap, Pearson (FTSE: PSON.L), the world's lifelong learning company, today announced a new generative AI-powered tool for instructors.
More often than not, investors should be careful about going against the wisdom of analyst assessments. These folks didn’t get to where they are by happenstance. No, they had to establish a strong track record of success. That they are intelligent goes with the territory. However, sometimes even the experts get things wrong and thus provide the framework for contrarian stocks. To be clear, you’re dealing with a high-risk, high-reward endeavor. While it may be sexy to bet against the crowd, group
SANTA CLARA, Calif., July 16, 2024--Chegg, Inc. (NYSE:CHGG), a leading student-first connected learning platform, today announced that on July 12, 2024, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan.
Chegg to See 'Solid' Free Cash Flow Generation Ahead, Says Morgan Stanley
Shares of online study and academic help platform Chegg (NYSE:CHGG) jumped 18% in the morning session after Morgan Stanley analyst upgraded the stock from Underweight (Sell) to Equal Weight (Hold). The analyst believes the company has a reasonable potential to deliver "solid free cash flow generation" given a 2x EBITDA multiple, which is considered "a more balanced risk/reward ratio."
Even though the stock is surging today, Chegg's share price is still down 68% this year.