Aggregated price index with volume information
Summary:
- Electronics/Appliances stocks up 1.2% on average while median return up 0.6% in a day
- Electronics/Appliances stocks up 1.4% on average while median return up 1.5% in a week
- Electronics/Appliances stocks down 7.2% 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 $UUU 4.2%, $NPK 1.4%, $UEIC 0.7%
- 1M losers are : Losers for past month are $ROKU -14.1%, $HEAR -18.0%, $WHR -19.8%, $HELE -20.7%, $GPRO -22.6%
- 1W winners are : Winners for past week are $ARLO 12.8%, $IRBT 7.6%, $GNSS 7.5%, $SPB 2.7%, $HBB 2.1%
- 1W losers are : Losers for past week are $NC -0.6%, $ROKU -1.0%, $HEAR -2.1%, $HELE -8.9%, $WHR -9.6%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 18.3%, for the past 3 months is 12.8%
In the past month for a 5 days rolling window, the highest corrrelation is 34.2%, the lowest correlation is 1.2%, the latest correlation is 8.4%
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 65.2% between AIVI and KOSS
The lowest correlation is -40.5% between DMAR and HBB
Investors are seeing the streaming technology company's glass as half empty rather than half full.
HELE vs. ELF: Which Stock Is the Better Value Option?
Q1 2024 Roku Inc Earnings Call
Roku (ROKU) stock is trading lower on Friday as the company cautioned that the financial advantages stemming from price hikes are beginning to dissipate. The streamer also warned that heightened competition in the ad-supported streaming space could create a significant headwind. Yahoo Finance's Seana Smith and Brad Smith break down the details. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
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