Aggregated price index with volume information
Summary:
- Payment System stocks up 1.6% on average while median return up 2.0% in a day
- Payment System stocks down 0.3% on average while median return down -0.5% in a week
- Payment System stocks up 4.5% on average while median return up 3.5% 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 $LC 31.8%, $ACIW 13.0%, $TNET 10.5%, $GPN 6.3%, $WEX 3.5%
- 1M losers are : Losers for past month are $GDOT -1.1%, $MA -3.1%, $SQ -4.9%, $V -5.2%
- 1W winners are : Winners for past week are $LC 4.5%, $GDOT 3.7%, $ACIW 3.7%, $TNET 3.0%, $EVTC 1.0%
- 1W losers are : Losers for past week are $MA -1.2%, $PYPL -1.8%, $WEX -2.3%, $V -2.3%, $SQ -11.6%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 39.7%, for the past 3 months is 20.3%
In the past month for a 5 days rolling window, the highest corrrelation is 63.2%, the lowest correlation is 1.0%, the latest correlation is 52.7%
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 85.2% between MA and V
The lowest correlation is -13.2% between ACIW and MGI
Parsons' (PSN) second-quarter 2024 earnings and revenues are expected to increase year over year.
Berkshire Hathaway is betting big on these two companies, but one stock is superior.
Get a deeper insight into the potential performance of MasterCard (MA) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
TriNet (TNET) delivered earnings and revenue surprises of 23.39% and 2.73%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?
TriNet Group, Inc. (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses, today announced financial results for the second quarter ended June 30, 2024. The second quarter highlights below include non-GAAP financial measures which are reconciled later in this release.
WEX earnings call for the period ending June 30, 2024.
No checking account? No problem. These prepaid debit cards let you add funds and swipe to pay without a ton of fees.
Shoppers at a French supermarket will be able to pay at the checkout with just a swipe of their hand from next week.
Coinbase Global (COIN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
On a per-share basis, the South Portland, Maine-based company said it had profit of $1.83. Earnings, adjusted for one-time gains and costs, were $3.91 per share. The results topped Wall Street expectations.