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Genetic Testing Firms Stocks$336.15
0.72%4:00PM 11/25/2020
The market for genetic testing is growing. Meticulous Research says the DNA sequencing market will be worth $10.35 billion by 2025 as patients push for deeper insights into their genetic risks for disease.
Latest intraday update before market close @ 19:45:00 PM 11/25/2020
Summary :
Average return is down -0.5%
Median return is down -0.4%
2 out of 7 stocks are up (limited to those with intraday pricing feeds).
Top Movers : MYGN -2.5%, LH -1.3%, DGX -1.1%, FLGT -0.4%, NEOG -0.3%,

Aggregated price index

Aggregated price index with volume information

Summary:

  • Genetic Testing Firms stocks up 0.7% on average while median return up -0.7% in a day
  • Genetic Testing Firms stocks up 2.2% on average while median return up 3.5% in a week
  • Genetic Testing Firms stocks up 2.0% on average while median return up 1.1% 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 is based on equal weighted constituencies returns,Aggregated volume information is based on sum of all constituencies volumes

Index Constituencies

Related Stocks (click on ticker for detail)

CODX15.00%
CGIX4.90%
GENE2.00%
NTRA1.80%
NVTA0.40%
NEOG-0.30%
OCX-1.10%
FLGT-1.20%
LH-1.20%
DGX-1.30%
MYGN-2.40%
PRPO-7.90%

Related ETFs (click on ticker for detail)

leak data

  • 1M winners are : Winners for past month are $MYGN 27.5%, $NTRA 22.8%, $OCX 11.6%, $FLGT 6.3%, $NEOG 2.5%
  • 1M losers are : Losers for past month are $LH -2.7%, $GENE -5.2%, $CODX -13.5%, $CGIX -39.7%
  • 1W winners are : Winners for past week are $MYGN 9.2%, $CODX 6.1%, $CGIX 4.9%, $GENE 4.7%, $NTRA 4.6%
  • 1W losers are : Losers for past week are $OCX -1.1%, $LH -1.3%, $FLGT -15.9%
Pick two stocks to compare:
DGXLH

Correlation Analysis

Index correlation analysis

Correlation for the past month is 19.6%, for the past 3 months is 15.2%

In the past month for a 5 days rolling window, the highest corrrelation is 53.9%, the lowest correlation is -5.8%, the latest correlation is -3.6%

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 88.4% between DGX and LH

The lowest correlation is -47.7% between CODX and MYGN

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