Aggregated price index
Aggregated price index with volume information
Summary:
- Motor Vehicles stocks down 0.7% on average while median return down 0.3% in a day
- Motor Vehicles stocks down 8.2% on average while median return down 7.5% in a week
- Motor Vehicles stocks down 10.3% on average while median return down 8.9% 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 $XPEV 32.1%, $NIO 21.6%, $NIU 15.7%
- 1M losers are : Losers for past month are $GM -15.9%, $F -16.5%, $GP -23.9%, $BLBD -24.8%, $NKLA -30.3%
- 1W winners are : Winners for past week are
- 1W losers are : Losers for past week are $BLBD -13.3%, $XPEV -14.2%, $RIDE -14.9%, $NKLA -15.9%, $GP -19.4%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 55.7%, for the past 3 months is 52.1%
In the past month for a 5 days rolling window, the highest corrrelation is 81.5%, the lowest correlation is 10.7%, the latest correlation is 10.7%
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 96.2% between F and GM
The lowest correlation is -9.4% between FUV and HMC
Stock news
Tesla stock vs. BYD stock: Tesla deliveries fell sharply in Q2 while BYD sales boomed, seizing the EV crown. BYD stock is in a buy zone.
Tata Motors aims to sell about 50,000 electric vehicles (EVs) in the fiscal year to March 31, and double that in the 2023/24 period, Chairman N Chandrasekaran told a shareholders' meeting on Monday. In 2021/22, Tata Motors sold 19,105 EVs, a growth of 353% from the previous fiscal year. Electrification is the cornerstone of Indian Prime Minister Narendra Modi's climate change and carbon reduction agenda and EVs are seen as a way to help India to cut its oil import bill and reduce pollution in ...
June 2022 deliveries of NIO, XPENG (XPEV) and Li Auto (LI) rise 60.3%, 133% and 68.9%, respectively, on a year-over-year basis.
The top U.S. automaker just reaffirmed its guidance for 2022, but its share price has fallen by 45% this year.
Here are July's best Chinese stocks to buy and watch as China ends Covid lockdowns and offers new EV subsidies. BYD and Li Auto are in buy zones.
The legacy automaker has just made a decision that will affect consumers buying its electric vehicles via a lease.
U.S. new-vehicle sales tumbled more than 21% in the second quarter as the global semiconductor shortage continued to cause production problems.
Ferrari (RACE) is set to commence the first tranche of its new 2-billion euros share buyback program. The tranche will be executed through a bank and the New York Stock Exchange.
Here are July's best Chinese stocks to buy and watch as China ends Covid lockdowns and offers new EV subsidies. BYD and Li Auto are in buy zones.