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Remote Working Stocks$189.62
0.17%4:00PM 11/24/2020
For Industry Leaders, Social Distancing Is An Opportunity To Seize Not A Problem To Solve.
Latest intraday update before market close @ 19:45:00 PM 11/24/2020
Summary :
Average return is down -0.2%
Median return is down -0.5%
5 out of 11 stocks are up (limited to those with intraday pricing feeds).

Aggregated price index

Aggregated price index with volume information

Summary:

  • Remote Working stocks up 0.2% on average while median return up 0.7% in a day
  • Remote Working stocks up 2.8% on average while median return up 1.3% in a week
  • Remote Working stocks up 0.5% on average while median return up -0.6% 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 is based on equal weighted constituencies returns,Aggregated volume information is based on sum of all constituencies volumes

Index Constituencies

Related Stocks (click on ticker for detail)

Related ETFs (click on ticker for detail)

leak data

  • 1M winners are : Winners for past month are $CRWD 10.3%, $GOOG 7.8%, $BOX 6.6%, $WORK 2.9%, $TEAM 2.4%
  • 1M losers are : Losers for past month are $MSFT -1.1%, $DOCU -1.2%, $AMZN -2.7%, $DBX -6.6%, $ZM -16.4%
  • 1W winners are : Winners for past week are $WORK 10.6%, $TEAM 8.7%, $CRWD 8.5%, $ZM 6.5%, $DOCU 2.5%
  • 1W losers are : Losers for past week are $GOOG -0.1%, $MSFT -0.3%, $AMZN -0.6%, $DBX -0.7%, $RNG -4.0%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 53.1%, for the past 3 months is 46.9%

In the past month for a 5 days rolling window, the highest corrrelation is 74.8%, the lowest correlation is 2.3%, the latest correlation is 15.2%

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 87.3% between CRWD and DOCU

The lowest correlation is 6.5% between GOOG and TEAM

Stock news

    11/23/2020MSFT
    Why Micron Stock Gained Today

    Shares of Micron (NASDAQ: MU) gained as much as 5% today after two Wall Street analysts increased their price targets. Deutsche Bank analyst Sidney Ho increased his price target from $60 to $70, arguing that Micron is a strong recovery play as the world gets closer to defeating the coronavirus and the global economy bounces back. Demand in key markets like data centers and 5G smartphones will rebound, which will benefit Micron.

    11/23/2020GOOG
    Snap to Pay $1 Million a Day to Creators for Spotlight Videos

    (Bloomberg) -- Snap Inc. is rolling out a new tool for its Snapchat app to feature popular videos, called Spotlight, and said it will pay out $1 million a day to creators of the top-performing posts.To earn the money, video submitters to Spotlight don’t have to have large followers -- or even have public profiles. Instead, an algorithm will determine what to show Snapchat users based on how often others view the post. If others view the same video repeatedly, for instance, that’s a signal it’s c...

    11/23/2020AMZN
    Dow Jones Futures Rise On Latest Coronavirus News; Qualcomm Near Buy Point In Stock Market Rally; Apple Looks Tired

    Dow Jones futures: Growth led last week's stock market rally as coronavirus cases soar. Qualcomm is near a buy point. Apple, Microsoft, Amazon look tired.

    11/22/2020ZM
    Li Ka-shing's bet on the future is synthetic biology, with Horizons' investments in faux meat, plant milk and molecular whiskey

    Impossible Foods' vice-president Nick Halla had the tables turned on him in early 2014 during a pitch of his three-year-old start-up to one of the world's most powerful venture capital investors.Solina Chau Hoi-shuen, the co-founder of Horizons Ventures, was visiting Impossible Foods' office in Redwood City in California. As soon as she arrived, Chau took control of the demonstration, and proceeded to stir fry a plate of meat balls made from genetically modified yeast.The show-and-tell impressed...

    11/20/2020ZM
    Dow Jones Sells Off, Nasdaq Turns Lower As Coronavirus Stocks Rise

    The Dow Jones Industrial Average was near session lows in today's stock market while the Nasdaq composite faded to a modest loss. In late afternoon trading, the Dow Jones was down 0.8%. The S&P 500 traded 0.6% lower, while the Nasdaq eased 0.2%.

    11/20/2020ZM
    How Option Traders Are Playing Zoom Video As Coronavirus Cases Spike

    Zoom Video Communications Inc (NASDAQ: ZM) shares rose 6% on Friday on news of surging U.S. coronavirus cases and tightening lockdowns in certain areas of the country.On Friday, Pfizer Inc. (NYSE: PFE) and partner BioNTech SE - ADR (NASDAQ: BNTX) applied for emergency use authorization for their coronavirus vaccine candidate, but trading action in Zoom shares suggests investors are increasingly predicting lockdowns could get worse before the vaccine hits the market.The Zoom Trades: On Friday, Be...

    11/20/2020WORK
    With Coronavirus Cases Climbing, Consider Slack a Buy

    Despite numerous catalysts, Slack Technologies (NYSE:WORK) stock has gone through bouts of volatility. No stock is immune to volatility, but many investors have been disappointed with Slack stock lately.  Source: Shutterstock That’s as cases of the novel coronavirus continue to rise at a rapid rate. Yet despite that, Slack stock hasn’t really responded the way investors were anticipating.  A Global Catalyst The coronavirus forced businesses and the public to adapt to the new world. Companies a...

    11/20/2020ZM
    Why Zoom and Workday Are Pulling the Nasdaq in Different Directions Friday

    The Nasdaq Composite (NASDAQINDEX: ^IXIC) continued to outperform the broader market on Friday, responding in its own way to alarming news about the COVID-19 pandemic and new measures aimed to stop the spread of the disease. The video collaboration software platform provider has been one of the big winners in the past year, and the usefulness of its product in helping people cope with the business and personal impacts of the pandemic has been the biggest reason. Zoom shareholders have seen how...

    11/20/2020WORK
    Fastly, Zoom, and Slack Are Soaring as the Coronavirus Crisis Deepens

    These companies will benefit greatly from the second wave of nationwide COVID-19 lockdowns. Lots of recent news is pointing in that direction.