Aggregated price index
Aggregated price index with volume information
Summary:
- Wireless Telecommunications stocks up 0.8% on average while median return up 1.3% in a day
- Wireless Telecommunications stocks down 2.3% on average while median return down 0.6% in a week
- Wireless Telecommunications stocks down 7.7% on average while median return down 5.4% 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 $IRDM 2.8%, $TMUS 1.7%
- 1M losers are : Losers for past month are $SKM -11.1%, $SPOK -11.6%, $TKC -13.3%, $TIMB -16.6%, $GOGO -21.7%
- 1W winners are : Winners for past week are $TIMB 3.1%, $UZD 2.3%, $IRDM 2.2%, $RCI 0.4%
- 1W losers are : Losers for past week are $GOGO -5.2%, $TKC -5.9%, $GSAT -6.1%, $SPOK -10.8%, $S -11.4%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 34.8%, for the past 3 months is 23.7%
In the past month for a 5 days rolling window, the highest corrrelation is 62.0%, the lowest correlation is 6.7%, the latest correlation is 20.7%
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 83.9% between RCI and SKM
The lowest correlation is -57.7% between IRDM and PTNR
Stock news
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Millicom (Tigo) completes its rights offering with issuance of new sharesLuxembourg, June 30, 2022 – On June 17, 2022, Millicom International Cellular S.A. (NASDAQ: TIGO) (“Millicom”) announced the results of its rights offering whereby 70,357,088 shares, including those represented by Swedish Depositary Receipts, have been fully subscribed by exercise of the basic subscription rights and oversubscription privileges.On June 17, 2022, 69,318,977 new Millicom shares were issued, having a par value
Millicom increases Tigo Panama ownership to 100% Luxembourg, June 29, 2022 – Millicom closed today the previously-announced transaction to acquire the remaining 20% interest in Telecomunicaciones Digitales, S.A. (formerly known as Cable Onda S.A. or “Tigo Panama”) reflecting an exercise of the founders’ liquidity option as provided for in the Shareholders’ Agreement, which was entered into in 2018. As a result, Millicom now owns 100% of Tigo Panama, the leader in Panama’s telecommunications mark
Iridium Communications (IRDM) performance is driven by strength in subscriber equipment sales and higher service revenues.
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