Aggregated price index
Aggregated price index with volume information
Summary:
- Software-as-a-Service stocks down 0.7% on average while median return down 0.4% in a day
- Software-as-a-Service stocks down 1.2% on average while median return down 0.8% in a week
- Software-as-a-Service stocks down 3.4% on average while median return down 3.9% 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 $ASPS 39.8%, $TWOU 37.8%, $PDFS 29.2%, $RAMP 17.1%, $APPF 13.8%
- 1M losers are : Losers for past month are $PAR -16.0%, $LSPD -16.6%, $GAN -35.7%, $INSG -37.6%, $BIGC -41.7%
- 1W winners are : Winners for past week are $TWOU 4.9%, $WK 4.8%, $LTRX 4.5%, $CAMP 3.4%, $BILL 3.2%
- 1W losers are : Losers for past week are $PAR -4.4%, $DDOG -5.3%, $BIGC -5.3%, $ASPS -7.4%, $GAN -8.7%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 24.4%, for the past 3 months is 23.0%
In the past month for a 5 days rolling window, the highest corrrelation is 35.6%, the lowest correlation is 8.5%, the latest correlation is 17.0%
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 95.1% between BILL and PD
The lowest correlation is -64.7% between EBIX and PCYG
Stock news
PDF Solutions (PDFS) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
Potential Sabre Corporation ( NASDAQ:SABR ) shareholders may wish to note that the CFO & Executive VP, Michael...
IRVINE, Calif., November 23, 2022--GAN Limited (NASDAQ: GAN) (the "Company" or "GAN"), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that it has accepted the resignation of Karen E. Flores from her position as Chief Financial Officer, as well as from the Company’s board of directors, effective November 25, 2022.
Datadog (DDOG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).