Aggregated price index with volume information
- Medical Laboratories stocks down 1.3% on average while median return down 0.9% in a day
- Medical Laboratories stocks down 7.0% on average while median return down 7.9% in a week
- Medical Laboratories stocks down 13.3% on average while median return down 13.6% 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
- 1M losers are : Losers for past month are $VCYT -14.4%, $NTRA -16.9%, $PSNL -27.1%, $NVTA -33.7%
- 1W winners are : Winners for past week are $GTH 8.8%
- 1W losers are : Losers for past week are $VCYT -10.3%, $NTRA -11.0%, $PSNL -11.4%, $NVTA -17.5%
Index correlation analysis
Correlation for the past month is 16.9%, for the past 3 months is 17.3%
In the past month for a 5 days rolling window, the highest corrrelation is 37.0%, the lowest correlation is -8.7%, the latest correlation is 9.9%
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 71.6% between CDNA and NTRA
The lowest correlation is -37.3% between GTH and NVTA
You don't have to invest in artificial intelligence or the latest tech company to earn great returns on your investments. The healthcare industry is full of promising investment opportunities of its own. DexCom (NASDAQ: DXCM), Eli Lilly (NYSE: LLY), and West Pharmaceutical Services (NYSE: WST) are three stocks that have each turned $100,000 investments into $1 million over the past 10 years.
BRISBANE, Calif., September 19, 2023--CareDx, Inc. (Nasdaq: CDNA), a leading precision medicine company focused on the discovery, development, and commercialization of clinically differentiated, high-value healthcare solutions for transplant patients and caregivers – today announced that the Company will participate in the 2023 Cantor Global Healthcare Conference.
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Exploring the robust financial stance and competitive strengths of West Pharmaceutical Services Inc (WST)
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Some of the most speculative ideas are the targeted short-squeeze stocks. To better understand what’s going on, it’s helpful to think of a timed chess match. If you have all day to think about your next move, you will be less likely to blunder your pieces. However, when you have only five minutes in the match, you need to think fast, which then accelerates the possibility of error (both for you and your opponent). Similarly, short-squeeze stocks are all about pressure. While the bears may be hea
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BRISBANE, Calif., August 31, 2023--CareDx, Inc. (Nasdaq: CDNA), a leading precision medicine company focused on the discovery, development, and commercialization of clinically differentiated, high-value healthcare solutions for transplant patients and caregivers – today announced that the Company will participate in the H.C. Wainwright 25th Annual Global Investment Conference.
Today we're going to take a look at the well-established West Pharmaceutical Services, Inc. ( NYSE:WST ). The company's...