Aggregated price index with volume information
- WallStreetBets stocks down 3.9% on average while median return down 4.0% in a day
- WallStreetBets stocks up 3.1% on average while median return up 3.5% in a week
- WallStreetBets stocks down 0.9% on average while median return down -3.0% 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 $GEO 11.7%, $KOSS 11.3%, $GME 7.5%, $BB 5.6%
- 1M losers are : Losers for past month are $CLOV -13.3%, $NOK -13.3%, $AMC -34.5%
- 1W winners are : Winners for past week are $KOSS 14.1%, $GME 10.5%, $BB 7.6%, $AMC 4.8%
- 1W losers are : Losers for past week are $GEO -2.9%, $NOK -14.8%
Index correlation analysis
Correlation for the past month is 21.0%, for the past 3 months is 12.3%
In the past month for a 5 days rolling window, the highest corrrelation is 57.2%, the lowest correlation is 11.5%, the latest correlation is 18.7%
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 75.3% between GME and KOSS
The lowest correlation is -33.4% between CLOV and GEO
AT&T's new [$14 billion supply deal with Ericsson](https://www.wsj.com/business/telecom/at-t-signs-14-billion-supply-deal-with-ericsson-e0d870dd) could save money but won't give the cellphone carrier a "secret sauce" for thinning out expenses, its CEO said Tuesday. Speaking to a UBS investor conference, CEO John Stankey said "capital intensity" should still fall between $21 billion and $22 billion next year, suggesting that Ericsson savings will cover other spending priorities, like improving w...
AT&T has reached a deal to buy network equipment from Ericsson over five years. ADRs of rival Nokia are falling.
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