Aggregated price index with volume information
Summary:
- Telecommunications Equipment stocks up 2.0% on average while median return up 1.2% in a day
- Telecommunications Equipment stocks up 2.6% on average while median return up 1.6% in a week
- Telecommunications Equipment stocks up 8.3% on average while median return up 6.0% 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 $COMM 71.4%, $VSAT 61.3%, $ADTN 34.4%, $AIRG 27.2%, $UI 22.6%
- 1M losers are : Losers for past month are $OCC -7.3%, $QCOM -8.8%, $DZSI -10.0%, $VOXX -21.1%, $CMBM -29.5%
- 1W winners are : Winners for past week are $VSAT 32.1%, $CMTL 17.2%, $COMM 14.3%, $AIRG 11.5%, $VOXX 7.7%
- 1W losers are : Losers for past week are $AAPL -2.8%, $QCOM -3.3%, $LITE -5.4%, $AAOI -10.4%, $RBBN -12.3%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 16.6%, for the past 3 months is 9.3%
In the past month for a 5 days rolling window, the highest corrrelation is 41.3%, the lowest correlation is 3.7%, the latest correlation is 18.9%
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 86.2% between AVNW and CLFD
The lowest correlation is -69.0% between IDCC and PWFL
The restructured operating segments of Viasat (VSAT) are expected to provide better clarity about the end markets and help it to better focus on each line of business.
CommScope (COMM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
WEST MELBOURNE, FL / ACCESSWIRE / July 25, 2024 / BK Technologies Corporation (NYSE American:BKTI) (the "Company" or "BK Technologies") will host an investor conference call with a slide presentation to discuss its operating results for the second ...
Q2 2024 Amphenol Corp Earnings Call
LOT Polish Airlines, Poland's flag carrier, and Viasat Inc. (NASDAQ: VSAT), a global leader in satellite communications, today announced officially that 15 aircraft across LOT's wide-body Boeing 787-8 and 787-9 Dreamliner fleets will be equipped with Viasat's trusted Ka-band, global in-flight connectivity solution.
Ribbon Communications (RBBN) delivered earnings and revenue surprises of 25% and 5.14%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?
PLANO, Texas (AP) — Ribbon Communications Inc. RBBN) on Wednesday reported a loss of $16.8 million in its second quarter. On a per-share basis, the Plano, Texas-based company said it had a loss of 10 cents.
Defense earnings: Lockheed Martin beat views and hiked its outlook Tuesday. RTX, Northrop Grumman and General Dynamics are on tap this week.
Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced its financial results for the second quarter of 2024.
Ceragon (NASDAQ: CRNT), the global innovator and leading solutions provider of 5G wireless transport, today announced that it will release its earnings results for the second quarter ended June 30, 2024 on Wednesday, August 7, 2024, before the market opens.