Aggregated price index
Aggregated price index with volume information
Summary:
- FAANG+ stocks down 2.3% on average while median return down 2.5% in a day
- FAANG+ stocks down 3.7% on average while median return down 3.7% in a week
- FAANG+ stocks down 5.2% on average while median return down 7.1% 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.
Click on + to show price series and click on ticker for stock detail page
* P/E and MarketCap are refreshed daily using IEX Cloud service. P/B, P/S, PEG, growth, short%, HelbyInstitute are refreshed weekly using Yahoo feeds. For latest stock stats please visit Yahoo Finance.
* Price Patter: / is upward trend, \ is downward trend, - is sideway. Click on the ticker to go to stock page to see Bayesian Trend model plot of the time series.
* Channel and change points are derived from Bayesian Trend model, where the channel slope is the growth rate while change points are those the model partition the time series.
- 1M winners are : Winners for past month are
- 1M losers are : Losers for past month are $MSFT -7.5%, $AAPL -8.6%, $NFLX -12.4%
- 1W winners are : Winners for past week are
- 1W losers are : Losers for past week are $AAPL -4.1%, $GOOGL -4.8%, $GOOG -4.8%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 52.0%, for the past 3 months is 67.2%
In the past month for a 5 days rolling window, the highest corrrelation is 89.7%, the lowest correlation is 5.5%, the latest correlation is 84.3%
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 98.3% between GOOG and GOOGL
The lowest correlation is 15.7% between MSFT and NFLX
Stock news
The stock market rally is at a critical juncture as inflation fears intensify the sell-off. Apple, Microsoft and Tesla broke support.
Brian Belski, BMO Capital Markets Chief Investment Strategist, joined Yahoo Finance to evaluate how inflation concerns are impacting the market.
Digital currency group Diem Association, formerly known as Facebook Inc's Libra project, plans to launch a U.S. dollar stablecoin as it scales back its global ambitions to focus on the United States, the group said on Wednesday. The association, which comprises 26 financial firms and non-profits, said it was relocating its main operations from Switzerland to the United States and withdrawing its payment system license application with the Swiss financial regulator. Diem Networks U.S., a unit o...
(Bloomberg) -- The Diem Association, a group of Facebook Inc. and 25 other companies and nonprofit groups once known as Libra, is moving its main operations to the U.S. and partnering with a bank to issue a cryptocurrency backed by U.S. dollars.The new plan includes an agreement with Silvergate Capital Corp., a prominent player in the cryptocurrency industry, which will issue the coin and manage Diem’s reserve of U.S. dollars, the association said Wednesday in a statement.Diem said it’s still bu...
The Dow Jones Industrial Average remain near record highs at the end of April, as the current stock market rally continues. The best Dow Jones stocks to buy and watch in May 2021 are Apple, Boeing, Disney, Goldman Sachs and Microsoft.
Digital currency group Diem Association, formerly known as Facebook Inc's Libra project, plans to launch a U.S. dollar stablecoin as it scales back its global ambitions to focus on the United States, the group said on Wednesday. The association, which comprises 26 financial firms and non-profits, said it was relocating its main operations from Switzerland to the United States and withdrawing its payment system license application with the Swiss financial regulator. Diem Networks U.S., a unit o...
(Bloomberg) -- The judge overseeing the high-stakes trial between Epic Games Inc. and Apple Inc. hinted at a compromise that turns on the iPhone maker allowing developers to inform users through their mobile apps that they can buy virtual goods on the web at a cheaper cost.U.S. District Judge Yvonne Gonzalez Rogers appeared to be looking for middle ground while hearing from economists called by both companies as expert witnesses in a case that threatens to upend the multibillion-dollar marketpla...
Shares of Apple Inc. fell 2.5% to $122.77 on Wednesday, to close below the widely watched 200-day moving average (DMA) for the first time in 13 months. The 200-DMA is viewed by many chart watchers as a dividing line between uptrends and downtrends. Apple's 200-DMA extended to $122.96 on Wednesday, up from $122.82 on Tuesday, according to FactSet data. The last time the technology giant's stock closed below its 200-DMA was April 3, 2020, to end a 15-day period in which the stock closed below the ...
The Dow Jones sold off as inflation worries intensify. The bears mauled tech stocks such as Microsoft and Apple. A senior Fed official spoke on inflation.
This income-generating trade involves selling a short-term option and buying a longer-term option with the same strike price.