Aggregated price index with volume information
Summary:
- Payment System stocks down 0.3% on average while median return down 0.3% in a day
- Payment System stocks down 1.1% on average while median return down 1.0% in a week
- Payment System stocks down 6.6% on average while median return down 6.9% 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 $TNET 8.5%
- 1M losers are : Losers for past month are $PYPL -7.8%, $ACIW -8.0%, $GPN -9.2%, $LC -13.7%, $SQ -23.3%
- 1W winners are : Winners for past week are $GDOT 3.3%, $TNET 1.6%, $PYPL 1.0%
- 1W losers are : Losers for past week are $MA -1.6%, $V -2.2%, $GPN -3.2%, $ACIW -3.2%, $WEX -5.4%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 21.2%, for the past 3 months is 19.4%
In the past month for a 5 days rolling window, the highest corrrelation is 40.4%, the lowest correlation is -1.8%, the latest correlation is 40.4%
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 85.3% between MA and V
The lowest correlation is -67.9% between ACIW and MGI
Mastercard (MA) teams up with Thuga and SMART/LAB to develop an innovative solution for enabling secure digital payments at EV charging stations.
BY CAROLINE MORRISThe Mastercard Center for Inclusive GrowthNORTHAMPTON, MA / ACCESSWIRE / September 29, 2023 / How can we use new technology and collective action to significantly improve the lives of all people and the health of our entire planet?That ...
Zacks.com users have recently been watching Visa (V) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Warren Buffett once said that "all there is to investing is picking good stocks at good times and staying with them as long as they remain good companies." If you follow my writing, you probably expected Amazon (NASDAQ: AMZN) to make the list. It starts with the e-commerce business, which generates revenue by selling Amazon's products and fees from products sold by third parties and those that use Amazon's logistics.
MasterCard (MA) closed the most recent trading day at $399.44, moving +1% from the previous trading session.
TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced that Kelly Tuminelli, TriNet's CFO, will be presenting at Deutsche Bank's 31st Annual Leveraged Finance Conference in Phoenix, AZ on Tuesday October 3, 2023 at 4:15pm PT (7:15pm ET).
Mastercard (MA) collaborates with Fintech Pacific and ygap to unveil the payment acceptance solution, DUAPAY, to pave the way for Fiji's women business owners to seamlessly accept digital payments.
Mastercard wants to bump up the resolution on your biometrics. The credit card company filed a patent application for a system for...
SAN FRANCISCO, September 28, 2023--Today, Visa Inc. (NYSE:V), a world leader in digital payments, spotlighted the evolution of its dispute program, making it easier for merchants to fight first-party misuse, also known as friendly fraud or first-party fraud, for card-not-present transactions. This change could save small businesses over a billion dollars in losses globally over the next five years, in turn benefitting the entire ecosystem of consumers and merchants.
Credit card giant and Action Alerts PLUS holding Mastercard is known around the world and is one of my "go to" cards in my wallet. The On-Balance-Volume (OBV) line (third panel) shows some uneven improvement since March. The weekly OBV line shows an up-and-down decline in recent weeks.