Aggregated price index
Aggregated price index with volume information
Summary:
- Software-as-a-Service stocks down 0.1% on average while median return down 0.2% in a day
- Software-as-a-Service stocks down 1.5% on average while median return down 2.2% in a week
- Software-as-a-Service stocks down 4.7% on average while median return down 5.3% 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 $SRAX 20.5%, $EPAY 11.9%, $LTRX 11.7%, $ASPS 10.2%, $EBIX 7.0%
- 1M losers are : Losers for past month are $BIGC -19.9%, $INSG -20.7%, $TWOU -21.6%, $BILL -27.5%, $CAMP -35.9%
- 1W winners are : Winners for past week are $SRAX 23.8%, $VERB 13.2%, $EBIX 5.7%, $BEST 2.7%, $WK 1.9%
- 1W losers are : Losers for past week are $PAR -6.8%, $PRO -7.7%, $BILL -10.3%, $GAN -11.2%, $TWOU -12.7%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 37.4%, for the past 3 months is 23.8%
In the past month for a 5 days rolling window, the highest corrrelation is 60.8%, the lowest correlation is 17.0%, the latest correlation is 41.1%
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 88.4% between BILL and DDOG
The lowest correlation is -27.8% between ASPS and RSSS
Stock news
2022 Workiva Webinar: CFO's For A Better World
Baton Rouge, LA, based Investment company Louisiana State Employees Retirement System (Current Portfolio) buys Airbnb Inc, Lucid Group Inc, Fortinet Inc, Palo Alto Networks Inc, Alcoa Corp, sells Signature Bank, , SolarEdge Technologies Inc, FactSet Research Systems Inc, during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Louisiana State Employees Retirement System.
Raleigh, NC, based Investment company Triangle Securities Wealth Management (Current Portfolio) buys The Walt Disney Co, Fidelity National Information Services Inc, Twilio Inc, Activision Blizzard Inc, Anheuser-Busch InBev SA/NV, sells The Kraft Heinz Co, Sabre Corp, ViacomCBS Inc, AT&T Inc, Dell Technologies Inc during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Triangle Securities Wealth Management.
A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period […]