Aggregated price index with volume information
Summary:
- Industrial Robotics and Automation stocks up 0.3% on average while median return up -0.0% in a day
- Industrial Robotics and Automation stocks down -0.0% on average while median return down -0.4% in a week
- Industrial Robotics and Automation stocks down 4.5% on average while median return down 6.9% 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.
- 1M winners are : Winners for past month are $HLX 2.0%
- 1M losers are : Losers for past month are $LECO -7.2%, $TER -7.5%, $AMBA -17.2%
- 1W winners are : Winners for past week are $HLX 3.0%, $CGNX 0.8%, $ZBRA 0.5%
- 1W losers are : Losers for past week are $ROK -1.1%, $TER -1.3%, $AMBA -2.5%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 31.3%, for the past 3 months is 21.9%
In the past month for a 5 days rolling window, the highest corrrelation is 52.6%, the lowest correlation is -3.1%, the latest correlation is 22.3%
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 82.9% between CGNX and ROK
The lowest correlation is -23.1% between BOSC and ROK
LINCOLNSHIRE, Ill., April 23, 2024--Zebra Technologies Corporation (NASDAQ: ZBRA), a leading digital solution provider enabling businesses to intelligently connect data, assets, and people, today announced that it will host an Innovation Day on Tuesday, May 14, 2024, at Zebra’s headquarters and Experience Center in Lincolnshire, Ill.
MILWAUKEE, April 23, 2024--Rockwell Automation, Inc. (NYSE: ROK) is scheduled to report its second quarter fiscal 2024 results on Tuesday, May 7, before the market opens. The release will be posted on the Rockwell Investor Relations website at www.rockwellautomation.com/en-us/investors.html.
Teradyne's (TER) first-quarter 2024 top line is likely to have benefited from its robust and diversified portfolio despite the weak Robotics and HDD market.
Rockwell Automation's (ROK) second-quarter fiscal 2024 performance is likely to reflect the impact of the ongoing supply-chain issues and elevated costs.
Evaluate the expected performance of Lincoln Electric (LECO) for the quarter ended March 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Get a deeper insight into the potential performance of Rockwell Automation (ROK) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Teradyne (NASDAQ:TER) and the best and worst performers in the semiconductor manufacturing industry.
CLEVELAND, April 18, 2024--Lincoln Electric's Board of Directors declares a quarterly cash dividend.
Rockwell Automation (ROK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Lincoln Electric (LECO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.