Aggregated price index with volume information
Summary:
- Fintech stocks up 1.1% on average while median return up 1.4% in a day
- Fintech stocks down 0.7% on average while median return down -0.0% in a week
- Fintech stocks up 3.6% on average while median return up 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 $LC 31.8%, $GS 9.5%, $GPN 6.3%, $FINX 4.2%, $IPAY 3.1%
- 1M losers are : Losers for past month are $INTU -0.6%, $ENV -0.8%, $GDOT -1.1%, $SQ -4.9%
- 1W winners are : Winners for past week are $LC 4.5%, $GDOT 3.7%, $GS 2.9%, $ENV 0.6%, $FIS 0.6%
- 1W losers are : Losers for past week are $FINX -1.2%, $IPAY -1.3%, $PYPL -1.8%, $ARKF -4.1%, $SQ -11.6%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 38.4%, for the past 3 months is 29.5%
In the past month for a 5 days rolling window, the highest corrrelation is 50.5%, the lowest correlation is 0.2%, the latest correlation is 38.9%
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 95.7% between FINX and IPAY
The lowest correlation is -32.2% between FISV and SQ
After JPMorgan Chase passed a stress test and hiked its dividend, JPMorgan stock is cashing in on a new buy zone.
PayPal's (PYPL) second-quarter results are likely to reflect its portfolio strength and growing momentum across various sizes of businesses.
Amkor's (AMKR) second-quarter performance is likely to reflect the benefits of production ramps for new products, including advanced SAP technology and 2.5D technology.
We have narrowed our search to five beaten-down stocks that are poised to beat on earnings results next week. These are: PYPL, AMT, XEL, AES, AMH.
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After JPMorgan Chase passed a stress test and hiked its dividend, JPMorgan stock is cashing in on a new buy zone.
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