Aggregated price index with volume information
Summary:
- Digital Healthcare stocks down 0.9% on average while median return down 0.7% in a day
- Digital Healthcare stocks up 2.3% on average while median return up 4.9% in a week
- Digital Healthcare stocks up 0.2% on average while median return up -4.3% 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 $DRIO 13.8%, $BEAT 10.5%
- 1M losers are : Losers for past month are $OPRX -5.3%, $TDOC -10.3%
- 1W winners are : Winners for past week are $BEAT 10.5%, $DRIO 6.1%
- 1W losers are : Losers for past week are $TDOC -1.8%, $IRTC -8.2%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 19.8%, for the past 3 months is 30.4%
In the past month for a 5 days rolling window, the highest corrrelation is 73.8%, the lowest correlation is -7.5%, the latest correlation is 4.4%
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 38.1% between DRIO and TDOC
The lowest correlation is 4.6% between DRIO and OPRX
Q1 2024 iRhythm Technologies Inc Earnings Call
On May 2, 2024, Laizer Kornwasser, President of Enterprise Growth at Teladoc Health Inc (NYSE:TDOC), sold 10,411 shares of the company.
Comprehensive Analysis of iRhythm Technologies Inc's Latest Financial Performance
SAN FRANCISCO, May 02, 2024 (GLOBE NEWSWIRE) -- iRhythm Technologies, Inc. (NASDAQ: IRTC), a leading digital health care company focused on creating trusted solutions that detect, predict, and prevent disease, today reported financial results for the three months ended March 31, 2024. First Quarter 2024 Financial Highlights Revenue of $131.9 million, a 18.4% increase compared to first quarter 2023Gross margin of 66.3%, a 160-basis point decline compared to first quarter 2023Unrestricted cash, ca
PURCHASE, NY, May 01, 2024 (GLOBE NEWSWIRE) -- Teladoc Health (NYSE: TDOC), the global leader in whole-person virtual care, is providing free, 24/7 general medical telehealth visits to Oklahoma residents, first responders and others directly impacted by the recent devastating tornadoes. Individuals in Oklahoma who have been displaced or who cannot access medical care as a result of the storms can seek treatment from a licensed health care professional for any non-emergency illness by calling Tel
Teladoc Health's (TDOC) Q1 results suffer from weak contributions from the BetterHelp unit. Management expects U.S. Integrated Care Members of 92-94 million for 2024, up from the prior mentioned 90-92 million.
Teladoc Health, Inc. (NYSE:TDOC) Q1 2024 Earnings Call Transcript April 25, 2024 Teladoc Health, Inc. misses on earnings expectations. Reported EPS is $-0.49 EPS, expectations were $-0.47. Teladoc Health, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good afternoon. […]
Walmart is shutting down its health centers and virtual care offering, continuing a broader shake-up in telehealth. WMT stock is near a buy point.
Teladoc Health ( NYSE:TDOC ) First Quarter 2024 Results Key Financial Results Revenue: US$646.1m (up 2.7% from 1Q...
The onetime telehealth star's luster continued to dim after publishing first-quarter earnings.