Aggregated price index
Aggregated price index with volume information
Summary:
- FAANG+ stocks down 1.2% on average while median return down 1.1% in a day
- FAANG+ stocks down 1.0% on average while median return down 1.2% in a week
- FAANG+ stocks down 7.0% on average while median return down -0.9% 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 $MSFT 7.0%, $GOOG 2.9%, $GOOGL 2.7%
- 1M losers are : Losers for past month are $AAPL -0.8%, $NFLX -4.4%, $AMZN -19.2%
- 1W winners are : Winners for past week are $MSFT 2.4%
- 1W losers are : Losers for past week are $AMZN -1.5%, $AAPL -1.7%, $NFLX -3.3%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 38.6%, for the past 3 months is 51.5%
In the past month for a 5 days rolling window, the highest corrrelation is 72.6%, the lowest correlation is 1.7%, the latest correlation is 65.7%
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 99.9% between GOOG and GOOGL
The lowest correlation is -48.0% between AAPL and FB
Stock news
Many shoppers looking for Apple's latest high-end phones returned empty handed from its stores this Black Friday as the technology company struggles with production snafus in China. Among them were Sally Gannon and her son Michael, who were visiting an Apple store in Bethesda, where they found no iPhone Pros in stock. Similarly, Abisha Luitel wanted to get an iPhone 14 Pro for her 21-year old cousin.
The Dow Jones hit its best level since April while more stocks are near buy points. But the S&P 500 faces a big test with Fed-critical economic data on tap.
The soccer club said earlier this week that it is exploring strategic alternatives, including a potential sale.
The Nasdaq closed Friday's shorter session lower with pressure from Apple Inc , while the dollar gained as investors shied away from risk as they worried about consumer spending and monitored China's reaction to a resurgence of COVID cases. Frustration simmered among residents and business groups in China as the government set stricter COVID-19 control curbs just weeks after hopes for easing restrictions had been raised. And market heavyweight Apple's shares were weighed down by concerns about...
China reported a record number of new daily Covid-19 infections for a second consecutive day. Authorities are turning to lockdown measures in major cities to combat the spread.
Apple reportedly is eyeing U.K. soccer giant Manchester United. The FTC may try to block Microsoft's planned Activision deal.
Black Friday can be an important day for consumer products companies like Apple (NASDAQ: AAPL), but investors aren't feeling good about its stock today. Apple shares were down 2% as of 12:45 p.m. ET on this holiday-shortened trading day. Investors are likely down on the stock because of a situation that's somewhat out of Apple's control.
The Nasdaq closed lower on Friday with pressure from Apple Inc in a subdued trading session for Wall Street's main stock indexes. Apple slipped on news of reduced iPhone shipments in November from a Foxconn plant in China as production was hit by COVID-related worker unrest.
Shares of Manchester United (NYSE: MANU) were surging again Friday as talk of possible buyouts of the storied English soccer club fueled further gains in the stock. Manchester United shares are now up by around 67% this week as initial rumors about a sale gave way to a confirmation from the company, which said Tuesday it was exploring "strategic alternatives" including a potential sale of the club. On Friday morning, British tabloid The Daily Star reported that Apple (NASDAQ: AAPL) was among t...
Yahoo Finance Live's Akiko Fujita and Rachelle Akuffo examine the latest developments surrounding China's COVID cases, as lockdowns weigh especially heavy on protesting Foxconn factory workers.