Aggregated price index
Aggregated price index with volume information
Summary:
- Wireless Telecommunications stocks down 1.4% on average while median return down 0.7% in a day
- Wireless Telecommunications stocks down 1.2% on average while median return down 1.8% in a week
- Wireless Telecommunications stocks down 14.2% on average while median return down 6.4% 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 $SPOK 11.1%, $SKM 8.3%, $TIMB 3.2%, $AMX 0.4%
- 1M losers are : Losers for past month are $GSAT -13.8%, $USM -18.8%, $TDS -24.5%, $COMS -47.3%, $VEON -96.3%
- 1W winners are : Winners for past week are $VEON 10.1%, $SKM 3.6%, $SPOK 3.0%, $RCI 2.7%, $COMS 1.0%
- 1W losers are : Losers for past week are $USM -4.6%, $GSAT -4.8%, $TDS -5.1%, $ATEX -7.3%, $S -8.0%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 14.8%, for the past 3 months is 15.8%
In the past month for a 5 days rolling window, the highest corrrelation is 32.1%, the lowest correlation is 5.3%, the latest correlation is 15.9%
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 89.8% between TDS and USM
The lowest correlation is -50.8% between AMOV and IRDM
Stock news
In this article, we will discuss the 12 cheapest penny stocks to buy now according to analysts. If you want to explore similar stocks, you can also take a look at 5 Cheapest Penny Stocks According to Analysts. 2023 started off relatively better than 2022, however, the stock market is still not giving an all-clear […]
The market for fifth generation (5G) wireless continues to grow. The global 5G market was valued at $60 billion in 2022, according to Grand View Research and is forecast to expand at a compound annual growth rate (CAGR) of nearly 60% between now and 2030. Given how powerful it is, 5G wireless is being used for much more than to surf the internet or watch videos on social media. Companies are relying on it to power artificial intelligence, cloud computing and Internet of Things (IoT) platforms an
ISTANBUL, March 09, 2023--Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) (BIST:TCELL):
Gogo Inc. (NASDAQ:GOGO) Q4 2022 Earnings Call Transcript February 28, 2023 Operator: Thank you for standing by. And welcome to the Gogo’s Fourth Quarter 2022 Earnings Conference Call. At this time, all participants are in listen-only mode. After the speakers’ presentation, there will be a question-and-answer session . As a reminder, today’s call is being […]
MOUNTAIN VIEW, Calif., March 09, 2023--SentinelOne (NYSE: S), an autonomous cybersecurity platform company, today announced integrations with Revelstoke, Fletch, Code42, and KnowBe4, adding new use cases to the Singularity Marketplace. The new integrations expand Singularity XDR’s Security Orchestration, Automation, and Response (SOAR), insider threat protection, automated prioritization, and end-user training capabilities.
T-Mobile holds an edge in 5G wireless spectrum but will its market share gains vs. rivals continue? A big stock buyback is planned.
Amsterdam, Netherlands, 9th March 2023 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, today announces it has appointed a dedicated Group DO1440 Officer, Lasha Tabidze, to support its operating companies in executing its digital operator model. Lasha Tabidze has a strong track record in delivering digital products and digital transformation. His previous roles include CEO of Beeline Georgia, which was sold
Globalstar, Inc. (AMEX:GSAT) Q4 2022 Earnings Call Transcript March 7, 2023 Operator: Good day, and thank you for standing by. Welcome to the Globalstar Fourth Quarter 2022 Earnings Conference Call. Please be advised that today’s conference is being recorded. I would now like to hand the conference over to your speaker today, Jay Monroe, Executive […]
Amsterdam, 8 March 2023: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, today announces its support to “BeSafe” campaign to protect Ukrainian women and children from the risks of human trafficking. VEON, through its Ukrainian digital operator Kyivstar, is joining the campaign by instigating a messaging system to alert and protect potentially vulnerable Ukrainians by increasing awareness and enabling reportin
COVINGTON, La., March 08, 2023--Globalstar, Inc. (NYSE American: GSAT) today unveiled Realm Cloud, an agile mobile device and data management (MDM) platform designed to enable VARs and customers with all the capabilities required to solve speed-to-market needs for deploying and building customized asset tracking and telematics solutions while lowering the cost of ownership.