Aggregated price index with volume information
Summary:
- Optical Network stocks down 0.4% on average while median return down 0.2% in a day
- Optical Network stocks up 0.8% on average while median return up 1.6% in a week
- Optical Network stocks down 12.0% on average while median return down 10.0% 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 $MTSI 5.9%
- 1M losers are : Losers for past month are $ADTN -12.1%, $LITE -13.2%, $VIAV -15.8%, $AAOI -26.2%
- 1W winners are : Winners for past week are $INFN 6.7%, $MTSI 5.7%, $CIEN 4.4%, $FN 4.2%
- 1W losers are : Losers for past week are $LITE -1.0%, $VIAV -1.5%, $ADTN -3.4%, $AAOI -8.6%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 43.6%, for the past 3 months is 28.7%
In the past month for a 5 days rolling window, the highest corrrelation is 75.5%, the lowest correlation is 13.3%, the latest correlation is 24.4%
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 77.1% between FN and MTSI
The lowest correlation is -8.1% between INFN and VIAV
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. So which are the best stocks to buy now or put on a watchlist?
BANGKOK, April 22, 2024--Fabrinet (NYSE: FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced it will release financial results for the third quarter of fiscal year 2024, which ended March 29, 2024, after market close on Monday, May 6, 2024. On that day, management will hold a conference call and webcast at 4:30 p.m. EDT to review and discuss t
SAN JOSE, Calif., April 22, 2024--Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, today announced that it has received the EcoVadis Platinum Medal for the second consecutive year, representing the highest level of recognition for sustainability performance. Lumentum remains in the top one percent of companies assessed by EcoVadis in the past year, increasing its overall score from 78 to 80 points. In the environmental c
SAN JOSE, Calif., April 22, 2024--Lumentum Holdings Inc. ("Lumentum") today announced that it will release its fiscal third quarter 2024 financial results on Monday, May 6, 2024, after the market closes.
Earnings results often indicate what direction a company will take in the months ahead. With Q4 now behind us, let’s have a look at Himax (NASDAQ:HIMX) and its peers.
SUGAR LAND, Texas, April 18, 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 announced that it will release financial results for its first quarter ended March 31, 2024 on Thursday, May 9, 2024. Applied Optoelectronics will host a conference call and webcast for analysts and investors to discuss its first quarter 2024 f
LOWELL, Mass., April 18, 2024--MACOM Technology Solutions Holdings, Inc. ("MACOM") (Nasdaq: MTSI) plans to announce financial results for its second quarter fiscal year 2024 ended March 29, 2024, before market open on Thursday, May 2, 2024. In conjunction with the release, MACOM will conduct a conference call at 8:30 a.m. Eastern Time on Thursday, May 2, 2024, hosted by Mr. Stephen G. Daly, President and Chief Executive Officer, and Mr. John F. Kober, Senior Vice President and Chief Financial Of
SAN JOSE, Calif., April 18, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Paratus Group, a leading network provider in Africa, deployed Infinera’s GX Series and FlexILS solutions to offer the lowest-latency express route between Johannesburg and Lisbon, delivering services with a latency of 123 milliseconds and supporting wavelengths up to 800G. Infinera’s solutions were deployed on the recently completed 1,890-km Paratus express fiber link between Johannesburg and Europe
Gary Smith, President and CEO of Ciena Corp (NYSE:CIEN), has sold 4,166 shares of the company on April 15, 2024, according to a recent SEC filing.
Ciena Corp (NYSE:CIEN), a networking systems, services, and software company, has reported an insider sell according to a recent SEC filing.