Aggregated price index
Aggregated price index with volume information
- SmallCap Defense stocks down 0.6% on average while median return down 0.4% in a day
- SmallCap Defense stocks up 4.1% on average while median return up 4.7% in a week
- SmallCap Defense stocks up 13.2% on average while median return up 5.1% 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
- 1M winners are : Winners for past month are $DCO 43.0%, $AJRD 6.4%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are $DCO 14.0%, $KTOS 5.7%
- 1W losers are : Losers for past week are $CUB -6.3%
Index correlation analysis
Correlation for the past month is 47.9%, for the past 3 months is 19.3%
In the past month for a 5 days rolling window, the highest corrrelation is 85.2%, the lowest correlation is -13.6%, the latest correlation is -13.6%
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 54.9% between CUB and DCO
The lowest correlation is 41.8% between AJRD and CUB
This article will reflect on the compensation paid to Eric DeMarco who has served as CEO of Kratos Defense & Security...
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