Aggregated price index
Aggregated price index with volume information
Summary:
- Optical Network stocks down 0.2% on average while median return down 0.1% in a day
- Optical Network stocks down 2.4% on average while median return down 1.1% in a week
- Optical Network stocks down 2.4% on average while median return down 1.4% 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 $LITE 2.0%, $IIVI 0.8%
- 1M losers are : Losers for past month are $FN -1.5%, $CIEN -4.1%, $MTSI -6.1%, $ADTN -8.1%, $AAOI -28.4%
- 1W winners are : Winners for past week are $LITE 1.0%
- 1W losers are : Losers for past week are $MTSI -1.2%, $FN -2.1%, $CIEN -2.2%, $ADTN -3.9%, $AAOI -12.4%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 54.4%, for the past 3 months is 32.5%
In the past month for a 5 days rolling window, the highest corrrelation is 78.3%, the lowest correlation is 7.8%, the latest correlation is 22.5%
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 80.6% between MTSI and VIAV
The lowest correlation is 19.7% between AAOI and CIEN
Stock news
HUNTSVILLE, Ala., January 14, 2022--ADTRAN, Inc. (NASDAQ: ADTN) announced today that the Company will release its financial results for the fourth quarter 2021 after market close on Wednesday, February 2, 2022. The Company will conduct a conference call on Thursday, February 3, 2022 to discuss the results for the quarter.
Woodcliff Lake, NJ, based Investment company Strategy Asset Managers Llc (Current Portfolio) buys Meta Platforms Inc, Broadcom Inc, Cognizant Technology Solutions Corp, SPDR Portfolio Mortgage Backed Bond ETF, BP PLC, sells iShares 1-3 Year Treasury Bond ETF, First Trust Enhanced Short Maturity ETF, Apple Inc, S&P 500 ETF TRUST ETF, First Trust Ultra Short Duration Municipal ETF during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Strategy Asset Manag
(NASDAQ: VIAV) Viavi Solutions Inc. ("VIAVI") will announce its fiscal second quarter 2022 financial results for the period ended January 1, 2022, on Thursday, February 3, 2022, after the close of market.
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Ciena (CIEN) partners Gulf Bridge International to boost the latter's submarine network infrastructure with GeoMesh Extreme solution.
MUMBAI, India & HANOVER, Md., January 13, 2022--Vi is revamping the backbone scalability and service resiliency by deploying industry-leading 5th generation coherent optical solutions from Ciena.
LOWELL, Mass., January 12, 2022--MACOM Technology Solutions Holdings, Inc. ("MACOM") (NASDAQ: MTSI) plans to announce financial results for its first quarter fiscal year 2022 ended December 31, 2021 before market open on Thursday, January 27, 2022. In conjunction with the release, MACOM will conduct a conference call at 8:30 a.m. Eastern Time on Thursday, January 27, 2022, hosted by Mr. Stephen G. Daly, President and Chief Executive Officer, and Mr. John F. Kober, Senior Vice President and Chief
HANOVER, Md., January 12, 2022--GBI is deploying Ciena’s GeoMesh Extreme, powered by WaveLogic 5 Extreme, to increase GBI’s Smart Network capacity and performance.
HANOVER, Md., January 11, 2022--Ciena today announced that it has priced a private offering of $400 million in aggregate principal amount of 4.00% Senior Notes due 2030.
What's behind the high Relative Strength Rating of Lumentum stock? It just might be Apple's plans for augmented reality.