Aggregated price index with volume information
Summary:
- Real Estate Broker stocks up 3.3% on average while median return up 3.6% in a day
- Real Estate Broker stocks up 2.3% on average while median return up 2.9% in a week
- Real Estate Broker stocks up 30.2% on average while median return up 32.6% 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 $OPEN 37.0%, $RDFN 36.5%, $FTHM 36.5%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are $FTHM 5.8%, $EXPI 5.1%, $RMAX 2.9%
- 1W losers are : Losers for past week are $COMP -0.4%, $Z -2.2%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 56.7%, for the past 3 months is 40.9%
In the past month for a 5 days rolling window, the highest corrrelation is 72.2%, the lowest correlation is -4.7%, the latest correlation is 58.8%
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 83.3% between OPEN and Z
The lowest correlation is 4.1% between FTHM and RMAX
Apple, Microsoft and other titans report earnings this coming week, with AI in focus. The Fed is expected to signal rate cuts soon.
US Equity Indexes Mixed This Week as Rotation Out of Tech, Communication Services Hits S&P 500, Nasdaq Composite
Equity Markets Rally as Traders Parse Earnings, Macro Data
The Dow Jones Industrial Average jumped 1.6%, and the Nasdaq composite climbed 1%. The market's widespread gains included rallies for both Big Tech behemoths and smaller stocks, a departure from much of this month's trading where a divide deepened between the two groups. The Russell 2000 index of small stocks brought its gain for July to more than 10%.
A big loser was Dexcom, which lost nearly half its value on the stock market today. The Dow Jones Industrial Average was the star of Friday's show, as it surged more than 800 points at one point. The Dow still managed a 654-point climb by the close, reaping a 1.6% gain.
There’s reason to believe history is repeating itself, according to a recent Deutsche Bank note that drew parallels between the current rotation out of tech mega-caps and the bursting of the tech bubble in 2000.
The stock market was roaring back on Friday, with the Dow set to close the week higher despite a bumpy stretch. Such gains will be tested by the biggest week of this earnings season. The Dow Jones Industrial Average was up 702 points, or 1.8%, in recent trading.
Equity Markets Rise Intraday After Earnings, Macro Data
Wall Street is undergoing a palpable vibe shift.
The former owner of Thames Water is to take full control of Britain’s gas network in a £700m deal.