Aggregated price index with volume information
Summary:
- Electronic Technology stocks down 1.4% on average while median return down 1.1% in a day
- Electronic Technology stocks down 5.0% on average while median return down 4.5% in a week
- Electronic Technology stocks down 4.9% on average while median return down 6.6% 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 $NEOV 104.5%, $IDN 63.1%, $NSYS 51.4%, $NEON 40.6%, $SMTC 38.7%
- 1M losers are : Losers for past month are $SPCE -40.1%, $PXLW -42.5%, $AXTI -44.5%, $CMTL -46.5%, $CAN -53.0%
- 1W winners are : Winners for past week are $NEON 22.4%, $BMI 15.6%, $ELTK 12.1%, $REFR 10.1%, $LEDS 9.9%
- 1W losers are : Losers for past week are $CMBM -20.4%, $SMCI -20.6%, $SPCE -20.7%, $NEOV -22.5%, $CAN -37.3%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 21.4%, for the past 3 months is 15.7%
In the past month for a 5 days rolling window, the highest corrrelation is 26.0%, the lowest correlation is 3.9%, the latest correlation is 3.9%
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 94.9% between AMAT and ASML
The lowest correlation is -53.9% between ALLT and AMD
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WILMINGTON, Del. , April 19, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, today announced that the company will release its first quarter 2024 financial results before the market open on Thursday, May 2, 2024. InterDigital executives will host a conference call that same day at 10:00 a.m. Eastern Time (ET) to discuss the company performance. For a live webcast of the conference call visit www.interdigital.com and