Aggregated price index
Aggregated price index with volume information
Summary:
- Software Publishers stocks down 0.8% on average while median return down 0.3% in a day
- Software Publishers stocks down 2.0% on average while median return down 0.7% in a week
- Software Publishers stocks down 0.3% on average while median return down -0.7% 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 $BAND 69.8%, $BNFT 65.1%, $TWOU 37.8%, $WFCF 33.2%, $XNET 31.8%
- 1M losers are : Losers for past month are $TWLO -34.6%, $TEAM -36.4%, $ZI -39.1%, $CLSK -40.0%, $BIGC -41.7%
- 1W winners are : Winners for past week are $COUP 29.7%, $WFCF 24.7%, $ZI 6.2%, $U 5.6%, $RDVT 5.6%
- 1W losers are : Losers for past week are $AVYA -18.6%, $BILI -21.9%, $KC -24.2%, $API -24.9%, $CANG -35.1%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 29.5%, for the past 3 months is 29.0%
In the past month for a 5 days rolling window, the highest corrrelation is 46.9%, the lowest correlation is 4.4%, the latest correlation is 28.0%
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 87.6% between ADBE and ALTR
The lowest correlation is -87.9% between ACIW and BNFT
Stock news
Yahoo Finance’s Daniel Howley joins the Live show to discuss Elon Musk’s decision to grant amnesty to suspended Twitter accounts.
A new startup is looking to disrupt the podcast space by betting big on overseas content.
Flex, ACM Research, Dropbox, Perion Network and Mitek Systems are part of the Zacks Value Trader blog.
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...
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.
Tech stocks have gotten hammered in 2022 but are there some companies that are now value gems?
Yahoo Finance Live breaks down the latest round of advertisers to pullout their exposure on Twitter under Elon Musk's leadership.
From Salesforce and Beyond Meat to Snap, Lyft, and Robinhood, big names across a number of sectors have announced major layoffs in October and November