Aggregated price index
Aggregated price index with volume information
Summary:
- The momentum of the sector is very strong.
- Recreational Products stocks up 1.5% on average while median return up 0.4% in a day
- Recreational Products stocks up 6.4% on average while median return up 3.0% in a week
- Recreational Products stocks up 21.0% on average while median return up 17.8% 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 $PTE 86.5%, $VSTO 48.2%, $AOUT 43.6%, $SLGG 32.4%, $FOXF 31.7%
- 1M losers are : Losers for past month are $MPX -2.3%
- 1W winners are : Winners for past week are $PTE 57.8%, $SLGG 33.5%, $BHAT 19.8%, $FNKO 18.4%, $MBUU 11.5%
- 1W losers are : Losers for past week are $JOUT -2.9%, $VSTO -3.2%, $CLAR -4.1%, $RGR -4.6%, $TTWO -6.0%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 18.3%, for the past 3 months is 20.6%
In the past month for a 5 days rolling window, the highest corrrelation is 53.3%, the lowest correlation is -2.0%, the latest correlation is 9.0%
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 86.4% between THO and WGO
The lowest correlation is -57.3% between ATVI and RGR
Stock news
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