Aggregated price index with volume information
Summary:
- Chip Equipment stocks down 0.8% on average while median return down 0.4% in a day
- Chip Equipment stocks up 1.2% on average while median return up 1.1% in a week
- Chip Equipment stocks up 6.1% on average while median return up 9.1% 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 $KLAC 16.1%, $TSM 14.7%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are $KLAC 4.1%, $TSM 1.6%
- 1W losers are : Losers for past week are $LRCX -0.4%, $ASML -0.6%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 83.1%, for the past 3 months is 79.5%
In the past month for a 5 days rolling window, the highest corrrelation is 94.6%, the lowest correlation is 50.8%, the latest correlation is 79.3%
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 94.8% between AMAT and KLAC
The lowest correlation is 72.0% between KLAC and TSM
Today's IBD Screen Of The Day highlights Nvidia's chipmaker Taiwan Semiconductor, Amazon stock and Costco Wholesale.
The secular growth of semiconductor manufacturing capacity in the U.S. could benefit these two chip stocks in the long run.
Taiwan Semiconductor is still more than $250 billion in valuation away from joining.
The artificial intelligence pioneer seems poised to deliver another set of solid results later this month.
Maker of machinery employed in semiconductor manufacturing, Applied Materials (NASDAQ:AMAT) will be reporting earnings tomorrow after the bell. Here's what you need to know.
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) announced it will begin constructing its first European semiconductor facility in Dresden, Germany, in the fourth quarter of 2024. At a conference in the Netherlands, TSMC’s European chief, Paul de Bot, confirmed that the $11 billion factory, European Semiconductor Manufacturing Co (ESMC), will start production in 2027. The stock is trading higher on Tuesday. Significant stakeholders in the project include Infineon, NXP Semiconductors N.V. (NASDAQ
Insights into Generation Investment Management's Latest 13F Filing
Applied Materials' (AMAT) second-quarter fiscal 2024 results are expected to reflect the strength of its Applied Global Services segment and the ICAPS portfolio amid macro headwinds.
Taiwanese chipmaker TSMC plans to start construction of its first European facility in the fourth quarter of 2024, it said on Tuesday. At a conference in the Netherlands, TSMC's European chief Paul de Bot said the facility in the German city of Dresden, known as European Semiconductor Manufacturing Co (ESMC), was on track for construction to begin this year with production in 2027. Last August TSMC announced plans for the $11 billion factory in Germany, with Infineon , NXP, and Robert Bosch ea...
Taiwanese chipmaker TSMC does not necessarily need to use ASML's next generation "High NA EUV" machines for an upcoming generation of chip manufacturing technology called A16, which is under development for the second half of 2026, an executive said on Tuesday. The High NA lithography tools are expected to help shrink chip designs by up to two-thirds, but chipmakers must weigh that benefit against a higher cost and whether ASML's older tech may be more reliable and good enough. Speaking at a c...