Aggregated price index with volume information
Summary:
- AI stocks down 3.3% on average while median return down -0.2% in a day
- AI stocks down 3.4% on average while median return down -2.3% in a week
- AI stocks down 13.2% on average while median return down 14.6% 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
- 1M losers are : Losers for past month are $BBAI -22.8%
- 1W winners are : Winners for past week are $AI 5.3%
- 1W losers are : Losers for past week are $BBAI -17.2%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 59.3%, for the past 3 months is 47.7%
In the past month for a 5 days rolling window, the highest corrrelation is 96.4%, the lowest correlation is -28.5%, the latest correlation is 21.4%
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 71.9% between AI and SOUN
The lowest correlation is 43.1% between AI and BBAI
COLUMBIA, Md., May 02, 2024--BigBear.ai Holdings, Inc. (NYSE: BBAI) ("BigBear.ai" or the "Company"), a leader in AI-powered decision intelligence solutions, today announced financial results for the first quarter of 2024 and issued an investor letter that has been posted to the Investor Relations section of the Company’s website.
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COLUMBIA, Md., May 01, 2024--BigBear.ai Holdings, Inc. ("BigBear.ai" or the "Company"), a leader in AI-powered decision intelligence solutions, today announced a teaming agreement with Spinnaker SCA, a leading end-to-end supply chain services consulting firm. This collaboration brings together BigBear.ai’s ProModel® modeling and simulation software with Spinnaker SCA’s deep supply chain consulting expertise to provide comprehensive solutions for optimizing clients’ supply chain, manufacturing an
COLUMBIA, Md., April 29, 2024--BigBear.ai (NYSE: BBAI) today announced that it has been designated as an "Awardable" vendor for the Chief Digital and Artificial Intelligence Office’s (CDAO) Tradewinds Solutions Marketplace. Five of the company’s products, including Sensor, Data and AI Orchestration (ConductorOS), Time-Series Forecasting (VANE), Contested Logistics Planning (AURORA), Maritime Domain Awareness (Arcas), and Publicly Available Data Curation (Observe) have been added to the Marketpla
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REDWOOD CITY, Calif., April 24, 2024--C3 AI (NYSE: AI), the Enterprise AI application software company, congratulates the University of Illinois Urbana-Champaign on the establishment of the Siebel School of Computing & Data Science, made possible by a generous $50 million gift from Thomas and Stacey Siebel.
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