Aggregated price index with volume information
Summary:
- Software Publishers stocks down 0.6% on average while median return down 0.7% in a day
- Software Publishers stocks up 1.7% on average while median return up 1.8% in a week
- Software Publishers stocks down 3.9% on average while median return down 4.2% 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 $AEYE 42.7%, $PALT 27.7%, $BILI 19.5%, $IZEA 15.8%, $BZUN 14.7%
- 1M losers are : Losers for past month are $BIGC -17.3%, $UPLD -29.2%, $MSTR -33.9%, $CRNC -34.9%, $VERI -44.5%
- 1W winners are : Winners for past week are $CLSK 20.3%, $AEYE 14.4%, $TYL 13.7%, $BILI 13.0%, $SE 11.6%
- 1W losers are : Losers for past week are $UPLD -6.9%, $OPRA -8.3%, $CRNC -9.3%, $MANH -9.6%, $VERI -11.2%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 21.2%, for the past 3 months is 15.8%
In the past month for a 5 days rolling window, the highest corrrelation is 36.7%, the lowest correlation is 7.4%, the latest correlation is 13.8%
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 85.1% between ALRM and BL
The lowest correlation is -58.6% between API and ATVI
Vertex, a global provider of tax technology solutions and a member of Oracle PartnerNetwork (OPN), has announced that it has been selected to join the Oracle Independent Software Vendor (ISV) Accelerator for SaaS Initiative. With expertise in Oracle Cloud Fusion Cloud Applications integrations, Vertex continues to leverage the power of contract and tax data to optimise customer…
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CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, will discuss its fiscal second quarter 2024 financial results via a live webcast beginning at 4:30 p.m. EST / 1:30 p.m. PST on Thursday, May 9, 2024. Results will be released after the close of regular trading on May 9, 2024.
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Bandwidth Inc. (NASDAQ: BAND), a leading global enterprise cloud communications company, today announced it will report its financial results for the first quarter ended March 31, 2024 before market open on Tuesday, May 7, 2024.
LOS ANGELES, April 23, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) announced today that it will release financial results for the first quarter ended March 31, 2024 after market close on Tuesday, May 7, 2024 followed by a conference call hosted by management at 2:00 p.m. PT / 5:00 p.m. ET. A live webcast and replay will be accessible on BlackLine’s investor relations website at https://investors.blackline.com/. To access the conference call by phone, please register here, and dial-in d
Supply chain optimization software maker Manhattan Associates (NASDAQ:MANH) reported Q1 CY2024 results topping analysts' expectations, with revenue up 15.2% year on year to $254.6 million. The company expects the full year's revenue to be around $1.03 billion, in line with analysts' estimates. It made a non-GAAP profit of $1.03 per share, improving from its profit of $0.80 per share in the same quarter last year.
WASHINGTON, April 23, 2024--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, announced today that revenue for the quarter ended March 31, 2024 was $656 million, up 12% over revenue of $584 million for the quarter ended March 31, 2023. Net income was $7 million in the first quarter and net income per diluted share was $0.02 for the first quarter of 2024.
Synopsys, Inc. (Nasdaq: SNPS) today announced it will report results for the second quarter fiscal year 2024 on Wednesday, May 22, 2024, after the market close. The company will host a conference call at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to review its financial results and business outlook.
ATLANTA, April 23, 2024--Leading Supply Chain and Omnichannel Commerce Solutions provider Manhattan Associates Inc. (NASDAQ: MANH) today reported revenue of $254.6 million for the first quarter ended March 31, 2024. GAAP diluted earnings per share for Q1 2024 was $0.86 compared to $0.62 in Q1 2023. Non-GAAP adjusted diluted earnings per share for Q1 2024 was $1.03 compared to $0.80 in Q1 2023.