Aggregated price index with volume information
Summary:
- Robotic Surgery stocks up 1.7% on average while median return up 1.0% in a day
- Robotic Surgery stocks up 1.1% on average while median return up -1.0% in a week
- Robotic Surgery stocks down 2.1% on average while median return down 0.3% 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 $STXS 19.1%, $MBOT 3.0%
- 1M losers are : Losers for past month are $MDT -1.7%, $APM -26.0%
- 1W winners are : Winners for past week are $APM 7.2%, $STXS 4.0%
- 1W losers are : Losers for past week are $MBOT -1.9%, $ISRG -3.0%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 0.1%, for the past 3 months is 0.8%
In the past month for a 5 days rolling window, the highest corrrelation is 44.4%, the lowest correlation is -22.7%, the latest correlation is 10.3%
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 28.8% between MBOT and STXS
The lowest correlation is -24.6% between ISRG and MDT
The average brokerage recommendation (ABR) for Intuitive Surgical (ISRG) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
The medical technology business has been good for both companies, but which is right for your portfolio?
Edwards Lifesciences, the largest maker of minimally invasive heart valve replacements, was down 28% on Thursday, the biggest decliner in the S&P 500 index. The steep drop was largely thanks to a slowdown of its transcatheter aortic heart-valve (TAVR) business, which generates roughly two-thirds of revenue. TAVR is a procedure that allows patients to avoid open heart surgery to replace a damaged valve.
Align Technology's (ALGN) records second-quarter 2024 revenue growth across all regions. This was mostly due to a robust performance by the Imaging Systems & CAD/CAM Services business segment.
SUNNYVALE, Calif., July 25, 2024 (GLOBE NEWSWIRE) -- Intuitive (NASDAQ:ISRG), a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery, announced today that Intuitive President David J. Rosa has been appointed to the Company’s Board of Directors, effective July 24, 2024. Rosa joins Intuitive CEO Gary S. Guthart, PhD, as one of two Intuitive executives on the Company’s Board. As president, Rosa manages Intuitive’s core business operations, which is balance
Intuitive Surgical and Hooker Furnishings are part of the Zacks Bull and Bear of the Day article.
Double digit growth is back for the maker of da Vinci.
It is hard to get excited after looking at Medtronic's (NYSE:MDT) recent performance, when its stock has declined 2.7...
Does Intuitive Surgical, Inc. (ISRG) have what it takes to be a top stock pick for momentum investors? Let's find out.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.