Aggregated price index with volume information
Summary:
- Specialty Telecommunications stocks down 0.1% on average while median return down -0.6% in a day
- Specialty Telecommunications stocks up 0.9% on average while median return up 2.3% in a week
- Specialty Telecommunications stocks up 10.8% on average while median return up 1.0% 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 $LUMN 349.3%, $CCOI 12.6%, $LBRDK 9.6%, $PHI 8.8%, $LBRDA 8.6%
- 1M losers are : Losers for past month are $IDT -2.3%, $OOMA -16.1%, $TALK -16.6%, $LOOP -23.2%, $HGBL -29.0%
- 1W winners are : Winners for past week are $CTV 11.7%, $LUMN 8.1%, $WOW 7.5%, $TALK 4.1%, $IDT 3.2%
- 1W losers are : Losers for past week are $OOMA -1.1%, $LBRDK -3.1%, $LBRDA -3.2%, $HGBL -6.8%, $LOOP -16.8%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 14.9%, for the past 3 months is 10.6%
In the past month for a 5 days rolling window, the highest corrrelation is 38.1%, the lowest correlation is -2.9%, the latest correlation is 8.9%
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 99.8% between LBRDA and LBRDK
The lowest correlation is -43.7% between KLR and TALK
Talkspace ( NASDAQ:TALK ) Second Quarter 2024 Results Key Financial Results Revenue: US$46.1m (up 29% from 2Q 2023...
The stock soared after the telecommunications company secured $5 billion in deals amid surging demand for AI.
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Besides Wall Street's top -and-bottom-line estimates for Cogent (CCOI), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.
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Deals include one with tech giant Microsoft, which announced last month that it will use Lumen's network equipment to expand its capacity for AI workloads. Lumen, which provides secure digital connections for data centers, said on Monday that it is involved in active discussions with customers to secure sales opportunities worth an additional $7 billion. Lumen said that major corporations are rushing to secure high-capacity fiber, a resource that is becoming increasingly valuable and potential...