Aggregated price index with volume information
- Optical Network stocks down 1.9% on average while median return down 1.9% in a day
- Optical Network stocks up 5.0% on average while median return up 3.4% in a week
- Optical Network stocks up 18.0% on average while median return up 2.8% 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 $AAOI 70.3%, $INFN 34.2%, $MTSI 13.1%, $CIEN 4.2%
- 1M losers are : Losers for past month are $LITE -1.9%, $ADTN -17.1%
- 1W winners are : Winners for past week are $ADTN 12.9%, $AAOI 10.4%, $INFN 7.1%, $VIAV 4.5%
- 1W losers are : Losers for past week are $LITE -0.8%
Index correlation analysis
Correlation for the past month is 38.9%, for the past 3 months is 40.8%
In the past month for a 5 days rolling window, the highest corrrelation is 77.2%, the lowest correlation is 1.6%, the latest correlation is 61.7%
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 82.4% between LITE and VIAV
The lowest correlation is -20.0% between ADTN and FN
MACOM (MTSI) completes the acquisition of the radio frequency business of Wolfspeed on Dec 2.
HUNTSVILLE, Ala., December 05, 2023--Adtran today celebrated adding over 300 new Mosaic One customers in under 18 months. The rapid adoption of Adtran’s cloud-based software-as-a-service (SaaS) platform highlights its ability to address the demands of modern broadband networks. Mosaic One optimizes network operations by utilizing advanced AI-driven algorithms to anticipate and resolve issues before they impact performance. Its three dedicated portals - Care, Operate and Promote – enable service
Fabrinet (FN) possesses solid growth attributes, which could help it handily outperform the market.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Ciena (CIEN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended October 2023.
LOWELL, Mass., December 04, 2023--MACOM Technology Solutions Holdings, Inc. ("MACOM") (NASDAQ: MTSI), a leading supplier of semiconductor products, today announced the completion of its acquisition of the radio frequency business (the "RF Business") of Wolfspeed, Inc. on December 2, 2023. The RF Business is highly complementary to MACOM’s portfolio and creates a compelling combined technology solution.
Strong demand trends are likely to have boosted Ciena's (CIEN) fiscal Q4 performance. However, global macro weakness remains a concern.
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. So what are the best stocks to buy now or put on a watchlist?
Stephen Daly, the President and CEO of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI), has recently made a significant change in his holdings of the company's stock.
The top-performing technology stocks this quarter include Applied Optoelectronics Inc., EHang Holdings Ltd., and Cipher Mining Inc., which have more than tripled in value in the past year.
SUGAR LAND, Texas, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Applied Optoelectronics, Inc. (NASDAQ: AAOI) (“AOI”) announced today that it has priced its private offering of $80.2 million aggregate principal amount of 5.25% Convertible Senior Notes due 2026 (the “Notes”) in an offering exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The size of the offering has increased from the previously announced offering of $80 million aggregate principal a