Aggregated price index with volume information
Summary:
- Optical Network stocks up 2.2% on average while median return up 2.1% in a day
- Optical Network stocks down 1.9% on average while median return down 1.7% in a week
- Optical Network stocks up 7.2% on average while median return up 5.3% 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 $ADTN 34.4%, $VIAV 17.7%, $INFN 16.2%, $LITE 5.5%
- 1M losers are : Losers for past month are $MTSI -7.5%, $FN -9.2%
- 1W winners are : Winners for past week are $VIAV 5.2%, $ADTN 4.0%, $CIEN 1.6%, $INFN 0.5%
- 1W losers are : Losers for past week are $MTSI -3.9%, $LITE -5.4%, $FN -6.5%, $AAOI -10.4%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 40.2%, for the past 3 months is 28.1%
In the past month for a 5 days rolling window, the highest corrrelation is 65.8%, the lowest correlation is 11.2%, the latest correlation is 48.7%
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 79.0% between AAOI and CIEN
The lowest correlation is -7.3% between AAOI and INFN
Buying a stock is easy, but buying the right stock without a good strategy is incredibly hard. Here are the five top-performing stocks to buy now or put on a watchlist.
SUGAR LAND, Texas and TAIPEI, Taiwan, July 25, 2024 (GLOBE NEWSWIRE) -- Applied Optoelectronics, Inc. (NASDAQ: AAOI), a leading provider of fiber-optic access network products for the internet datacenter, cable broadband, telecom and fiber-to-the-home (FTTH) markets, today confirmed that its facilities suffered no known damage from Typhoon Gaemi. In the early morning hours of Thursday, Jul. 25, 2024, local time in Taiwan, Typhoon Gaemi came ashore in northeastern Taiwan. AOI operates an R&D, man
Investors need to pay close attention to Ciena (CIEN) stock based on the movements in the options market lately.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Here are the five top-performing stocks to buy now or put on a watchlist.
Fabrinet (FN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
SAN JOSE, Calif., July 22, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that SECOM is modernizing its middle-mile and business Ethernet access network using Infinera’s XTM Series optical transport solution to bring new multi-gigabit broadband services to previously underserved rural southern Colorado communities. SECOM’s enhanced network provides connectivity for thousands of customers, including homes, schools, libraries, government entities, telecoms, and businesses. SECOM,
Key Insights MACOM Technology Solutions Holdings' estimated fair value is US$79.52 based on 2 Stage Free Cash Flow to...
Looking back on analog semiconductors stocks' Q1 earnings, we examine this quarter's best and worst performers, including MACOM (NASDAQ:MTSI) and its peers.
Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) will announce its fiscal fourth quarter and year-end 2024 financial results for the period ended June 29, 2024, on Thursday, August 8, 2024, after the close of market.