Aggregated price index with volume information
Summary:
- Optical Instrument and Lens Manufacturing stocks up 0.5% on average while median return up 0.7% in a day
- Optical Instrument and Lens Manufacturing stocks up 0.5% on average while median return up -0.7% in a week
- Optical Instrument and Lens Manufacturing stocks down 4.1% on average while median return down 4.3% 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 $VRT 3.2%, $FLUX 2.4%, $PLPC 1.3%
- 1M losers are : Losers for past month are $NVMI -7.9%, $ESP -10.4%, $ARRY -11.4%, $CAMT -11.5%, $VICR -14.8%
- 1W winners are : Winners for past week are $ARRY 9.5%, $VRT 3.3%, $PLPC 1.7%, $ESP 1.2%, $ENS 1.1%
- 1W losers are : Losers for past week are $NVMI -2.1%, $SVT -2.1%, $CAMT -3.6%, $FLUX -4.7%, $VICR -7.7%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 17.4%, for the past 3 months is 16.4%
In the past month for a 5 days rolling window, the highest corrrelation is 40.6%, the lowest correlation is -5.1%, the latest correlation is 16.4%
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 68.3% between KLAC and NVMI
The lowest correlation is -43.1% between CAMT and PLPC
Vertiv is one of the best positioned stocks for the AI boom
The company's business is caught up in the AI wave.
Q1 2024 Vicor Corp Earnings Call
Vicor Corporation (NASDAQ:VICR) Q1 2024 Earnings Call Transcript April 23, 2024 Vicor Corporation isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day, everyone and thank you for standing by. Welcome to the Q1 2024 Vicor Earnings Conference Call. [Operator […]
Data-center coolant systems specialist Vertiv soared Wednesday on strong earnings. It's a good sign for AI stocks like Nvidia and Super Micro.
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A rally attempt is underway. Tesla and AI play Vertiv were big earnings winners. Meta and ServiceNow loom tonight.
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