Aggregated price index
Aggregated price index with volume information
Summary:
- FAANG+ stocks down 1.4% on average while median return down 1.4% in a day
- FAANG+ stocks down 2.9% on average while median return down 2.4% in a week
- FAANG+ stocks down 1.4% on average while median return down 0.5% 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 $AAPL 5.3%, $AMZN 0.4%
- 1M losers are : Losers for past month are $GOOG -2.3%, $GOOGL -2.5%, $FB -10.2%
- 1W winners are : Winners for past week are
- 1W losers are : Losers for past week are $GOOGL -2.4%, $GOOG -2.6%, $FB -8.6%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 61.2%, for the past 3 months is 59.6%
In the past month for a 5 days rolling window, the highest corrrelation is 92.7%, the lowest correlation is -3.2%, the latest correlation is 13.4%
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 99.1% between GOOG and GOOGL
The lowest correlation is 27.3% between GOOG and NFLX
Stock news
Among the Dow Jones stocks, Apple and Microsoft are among the top stocks to buy and watch in January 2021.
(Bloomberg) -- Epic Games Inc. widened its dispute with Apple Inc. over access to its popular Fortnite video game as it submitted a complaint to the U.K.’s antitrust tribunal.The company said Apple’s decision to remove the game from the iPhone maker’s App Store was unlawful. The move came after the games maker sought to offer in-app purchases without using Apple’s digital payments service. The complaint, alongside a similar one against Alphabet Inc.’s Google, was made public by the Competition A...
Futures were steady as the $1.9 trillion Biden stimulus plan was unveiled. The stock market rally faded Thursday, but Airbnb led new breakouts.
The chip manufacturing giant has reportedly seen lead times stretch for its most advanced manufacturing processes, which are used by Apple, AMD and others.
Yahoo Finance’s Alexis Christoforous and Richard Gelfond, IMAX CEO, discuss the impact of the COVID-19 pandemic on the film industry.
PewDiePie, the massively popular YouTube creator, will bring his videos back to Facebook after a more than four-year hiatus. PewDiePie (real name: Felix Kjellberg) is the No. 1 most-subscribed individual YouTuber, with over 108 million subscribers and more than 26 billion views to date. The Swedish gamer, comedian and entrepreneur has an official Facebook page, […]
Tesla shares look fully valued to investing legend Byron Wien of Blackstone. Here's what Wien told Yahoo Finance Live.
Remarks from executives after the company disclosed its quarterly earnings suggest a 50% increase in investment in production capacity.
Facebook is seeing an increase in signals that its users are planning violence, it has said. The social network said that it has seen a rush of new efforts to organise gatherings across the country that could feature the same kinds of attacks that happened at the Capitol siege last week, Reuters reported, citing a spokesperson who asked not to be named. Facebook has seen evidence of such planning in the form of digital flyers that promote the events as well as other “signals”, Reuters reported...
Yahoo Finance chats with Cisco Chairman and CEO Chuck Robbins about the country's current political chaos and the path forward.