Aggregated price index
Aggregated price index with volume information
Summary:
- SPAC stocks up 0.9% on average while median return up 0.2% in a day
- SPAC stocks up 0.8% on average while median return up 0.2% in a week
- SPAC stocks down 3.8% on average while median return down 8.3% 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.
Click on + to show price series and click on ticker for stock detail page
* P/E and MarketCap are refreshed daily using IEX Cloud service. P/B, P/S, PEG, growth, short%, HelbyInstitute are refreshed weekly using Yahoo feeds. For latest stock stats please visit Yahoo Finance.
* Price Patter: / is upward trend, \ is downward trend, - is sideway. Click on the ticker to go to stock page to see Bayesian Trend model plot of the time series.
* Channel and change points are derived from Bayesian Trend model, where the channel slope is the growth rate while change points are those the model partition the time series.
- 1M winners are : Winners for past month are $ACEV 0.7%, $TWND 0.4%
- 1M losers are : Losers for past month are $ACEL -17.0%, $DWAC -31.1%
- 1W winners are : Winners for past week are $DWAC 1.9%, $TWND 0.3%
- 1W losers are : Losers for past week are $ACEL -1.1%
Correlation Analysis
Index correlation analysis
Correlation for the past month is -1.3%, for the past 3 months is -0.4%
In the past month for a 5 days rolling window, the highest corrrelation is 3.3%, the lowest correlation is -4.4%, the latest correlation is -3.4%
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 67.2% between ALAC and LFAC
The lowest correlation is -89.7% between HLXA and HYAC
Stock news
Digital World Acquisition Corp. (NASDAQ:DWAC) ("Digital World" or the "Company") encourages its stockholders to vote in favor of the proposal at the upcoming adjourned special meeting of stockholders (the "Special Meeting") to amend the Company's amended and restated certificate of incorporation (the "Extension Amendment") to extend the period of time for completing a business combination (the "Extension") until September 8, 2023 or such earlier
Former president claws his way back onto an important list, just don't tell the New York Attorney General.
Former president claws his way back onto an important list, just don't tell the New York Attorney General.
A $1 billion financing package is already falling apart and Truth Social may unravel if the SPAC merger doesn't go through.
Shares of the Trump-linked Digital World Acquisition Corp. are bouncing back after sliding earlier Monday when investors began pulling out of the stock.
A blank-cheque company that plans to take Donald Trump’s media business public has changed its listed address to a mailbox at a UPS Store, the latest sign that the company is trying to preserve cash as it struggles to keep the deal alive. Digital World Acquisition Corporation, a special purpose acquisition company set up by Patrick Orlando, now lists 3109 Grand Avenue in Miami, Florida, as its place of business. A search of the address brings up a UPS Store nestled between an Italian restauran...
Digital World said it had received termination notices from private investment in public equity (PIPE) investors ending nearly $139 million in investments out of the $1 billion commitment it had previously announced. Investors, who signed the PIPE commitment about one year ago, are free to move their money after the Sept. 20, 2022 deadline if the deal has not completed. Digital World did not disclose the investors that pulled out.