Aggregated price index with volume information
Summary:
- Data Processing Services stocks down 0.3% on average while median return down -0.3% in a day
- Data Processing Services stocks up 4.6% on average while median return up 2.4% in a week
- Data Processing Services stocks up 10.5% on average while median return up 4.5% 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 $INOD 104.9%, $GDS 48.2%, $PMTS 46.1%, $WYY 35.9%, $OPRX 35.7%
- 1M losers are : Losers for past month are $ISDR -13.2%, $WEX -13.8%, $DXC -15.6%, $DWSN -19.6%, $TNET -19.8%
- 1W winners are : Winners for past week are $DWSN 25.7%, $PMTS 17.6%, $OPRX 17.4%, $GDS 14.0%, $KC 11.5%
- 1W losers are : Losers for past week are $GPN -0.1%, $GB -0.8%, $WEX -4.1%, $DXC -14.9%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 4.5%, for the past 3 months is 9.0%
In the past month for a 5 days rolling window, the highest corrrelation is 36.3%, the lowest correlation is -1.3%, the latest correlation is 0.3%
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 86.3% between FDS and MSCI
The lowest correlation is -56.7% between GPN and PCYG
Top Midday Decliners
GameStop said it is selling up to 45 million shares of common stock, Doximity’s revenue topped estimates, and DXC reported a decline in revenue from a year ago.
DXC's Q4 earnings decline year over year primarily due to lower revenues and a higher tax rate, which more than offset the benefits of a lower share count.
NEW YORK, May 17, 2024--MSCI Inc. ("MSCI" or the "Company") (NYSE: MSCI), a leading provider of critical decision support tools and services for the global investment community, published an investor presentation on its Investor Relations homepage, ir.msci.com, on Friday, May 17, 2024. The Company’s management may use this presentation during meetings with investors and analysts.
The latest attempt comes as a sale bid failed last year and exits of top executives and a slowdown due to high interest rates hampered efforts to pivot away from its declining legacy business of IT outsourcing services to cloud-based solutions. "DXC has been in a transition for multiple years and despite the best efforts of multiple leaders, one has to ask the question as to if this business can be fixed," analysts at RBC Capital Markets wrote in a client note. "New management is undertaking y...
**↗️** **Reddit (RDDT)**: The social-media company struck a licensing deal with OpenAI that will give ChatGPT access to its content. Reddit shares climbed more than 14% after the market open. **↗️** **Robinhood (HOOD)**: The online brokerage's trading volumes jumped this week due to frenzied trading in GameStop and other meme stocks.
Good things could be on the horizon when a stock experiences a golden cross event. How should investors react?
Discover why Zacks, being the first on Wall Street to initiate coverage on the stock, rates Innodata as "Outperform." Explore how Innodata is set to soar in the booming generative AI market with a strong financial performance, strategic contracts and promising growth prospects.
Investing.com -- Main U.S. indexes traded largely flat Friday, searching for direction after the major stock indices hit record highs and as the earnings season draws to an end.
DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, will work with Ferrovial (NASDAQ: FER), one of the world's leading infrastructure companies, and Microsoft to jointly develop the generative Artificial Intelligence (AI) platform Quercus.