MARKET COMPOSITE
Optical Network Stocks28-00-2024 20:00:00 PM
Price
$155.60
+ 0.90%
The list of companies include AAOI-Applied Optoelectronics Inc, MTSI-MACOM Technology Solutions Holdings Inc, CIEN-CIENA Corp., VIAV-Viavi Solutions Inc, FN-Fabrinet, LITE-Lumentum Holdings Inc, INFN-Infinera Corp., ADTN-Adtran Inc.
* Latest intraday update before market close @ 19:45:40 PM 05/28/2024
Summary
:
Average return is up 0.9%
Median return is down -0.2%
4 out of 8 stocks are up (limited to those with intraday pricing feeds).
Top Movers
:
VIAV -0.5%CIEN + 0.1%MTSI + 2.2%INFN + 2.5%ADTN + 8.2%

Aggregated price index with volume information

Summary:

  • Optical Network stocks up 0.9% on average while median return up -0.1% in a day
  • Optical Network stocks up 1.4% on average while median return up 1.7% in a week
  • Optical Network stocks up 13.4% on average while median return up 8.0% 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.

Related Stocks
Ticker
1d
7d
30d
PE Ratio
PE/G
P/B (mrq)
P/S (ttm)
Earning Growth
MarketCap
Short %
Held By Institutions %
RSI
Price Pattern
Resist Support
Days Since Channel Change
Channel Slope (daily rate %)
ADTN7.4%
7.4%
27.8%
14.722.591.92447.4M3%92%62-/\153-0.2%
INFN2.6%
4.9%
9.8%
-50.36194.85.091.481.3B16%94%59/\226-0.1%
MTSI2.1%
2.1%
2.8%
118.312.019.786.907.5B6%74%60/\/2260.2%
CIEN0.3%
1.3%
6.2%
32.141.993.232.5613%7.2B3%96%59/\/2260.1%
FN-0.4%
5.9%
39.7%
32.52.223.131.8933%8.9B2%102%78/-/Above resistance2260.3%
VIAV-0.5%
-5.3%
-8.2%
-391.221.384.833.391.6B8%99%32-/\226-0.1%
AAOI-1.3%
-0.2%
14.1%
-6.76-1.050.790.91481.3M19%53%57-\/Below support2260.7%
LITE-3.0%
-4.9%
3.4%
-8.531.932.803.53420%3B14%96%49/\-2260.0%
* 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.
Detail Performance Summary
  • 1M winners are : Winners for past month are $FN 39.7%, $ADTN 27.8%, $AAOI 14.1%, $INFN 9.8%
  • 1M losers are : Losers for past month are $VIAV -8.2%
  • 1W winners are : Winners for past week are $ADTN 7.4%, $FN 5.9%, $INFN 4.9%, $MTSI 2.1%
  • 1W losers are : Losers for past week are $AAOI -0.2%, $LITE -4.9%, $VIAV -5.3%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 12.2%, for the past 3 months is 25.1%

In the past month for a 5 days rolling window, the highest corrrelation is 46.4%, the lowest correlation is -7.3%, the latest correlation is 14.5%

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 66.2% between AAOI and INFN

The lowest correlation is -66.3% between ADTN and LITE

Stock news

    STOCKHOLM, May 28, 2024--Adtran today announced that the Swedish University Computer Network (SUNET) has deployed its ALM in-service fiber monitoring solution to enhance network resilience and operational efficiency. The technology equips SUNET’s maintenance teams with real-time insight into the quality of its nationwide backbone infrastructure and identifies the precise location of any fiber issues. As Sweden’s research and education (R&E) network, SUNET empowers academics and scientists across

    On May 24, 2024, Frank Levinson, Director at Fabrinet (NYSE:FN), executed a sale of 6,000 shares of the company, according to the SEC Filing.

    On May 24, 2024, Rollance Olson, Director at Fabrinet (NYSE:FN), executed a sale of 1,000 shares of the company.

    Viavi (VIAV) expands collaboration with Rohde & Schwarz to design advanced test solutions for Open RAN and Non-Terrestrial Network.

    HUNTSVILLE, Ala., May 23, 2024--Adtran today announced that this month marks the 75th anniversary of Oscilloquartz. Founded in 1949, Oscilloquartz has evolved into a global leader in PNT network timing technology, setting numerous industry benchmarks throughout its history. The company offers precision synchronization solutions that empower customers to overcome timing challenges in sectors from telecoms to critical defense infrastructure. Over the years, Oscilloquartz has consistently led the w

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    HANOVER, Md., May 22, 2024--A global study commissioned by Ciena (NYSE: CIEN) sheds light on communications service providers’ (CSPs) growing optimism toward Artificial Intelligence (AI). More than half of telecom and IT engineers surveyed believe the use of AI will improve network operational efficiency by 40% or more1. In addition, an overwhelming 85%2 of respondents express confidence in CSPs’ ability to monetize AI traffic across networks.

    Rohde & Schwarz (R&S) and Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) today announced an expansion of their partnership for joint wireless lab test solutions. The two companies, leaders in wireless communication test and active in standards development, continue to address critical requirements based on new 3GPP and O-RAN specifications. Since the launch of this partnership, Rohde & Schwarz and VIAVI have established a reputation for compact, flexible solutions drawing from the strengths of both

    SAN JOSE, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that it received an expected delinquency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) on May 15, 2024 (the "Notice"). The Notice indicated that Infinera remains in noncompliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) as a result of its failure to timely file its Quarterly Report on Form 10-Q for the quarter ended March 30, 2024 (the “