Aggregated price index with volume information
Summary:
- Electronic Components stocks up 1.8% on average while median return up 1.5% in a day
- Electronic Components stocks up 2.0% on average while median return up 1.9% in a week
- Electronic Components stocks up 7.5% on average while median return up 7.0% 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 $MEI 32.0%, $PLXS 27.3%, $LEDS 24.6%, $RFIL 23.7%, $VICR 20.9%
- 1M losers are : Losers for past month are $NVT -6.7%, $FSLR -8.5%, $FN -9.2%, $CAMT -14.3%, $SGMA -16.6%
- 1W winners are : Winners for past week are $BELFA 12.9%, $BELFB 12.8%, $PLXS 12.6%, $LPTH 11.6%, $VICR 11.5%
- 1W losers are : Losers for past week are $NVT -5.6%, $FN -6.5%, $CLS -6.8%, $CAMT -6.9%, $SGMA -12.0%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 29.1%, for the past 3 months is 20.1%
In the past month for a 5 days rolling window, the highest corrrelation is 54.0%, the lowest correlation is 2.0%, the latest correlation is 32.1%
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 84.9% between BELFB and PLXS
The lowest correlation is -39.0% between ELTK and ESP
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