Aggregated price index with volume information
Summary:
- Electronic Components stocks down 1.3% on average while median return down 0.4% in a day
- Electronic Components stocks up 0.4% on average while median return up 1.7% in a week
- Electronic Components stocks up 6.2% on average while median return up 10.2% 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 $FN 39.5%, $BHE 37.9%, $TTMI 30.1%, $CLFD 28.9%, $CAMT 22.6%
- 1M losers are : Losers for past month are $JBL -11.2%, $MVIS -21.2%, $NSYS -27.5%, $KOPN -35.1%, $AMPG -35.1%
- 1W winners are : Winners for past week are $PLUG 27.0%, $MEI 13.6%, $LEDS 8.6%, $KOPN 7.6%, $CAMT 7.3%
- 1W losers are : Losers for past week are $LPTH -4.9%, $MVIS -5.7%, $ESP -13.0%, $NSYS -25.2%, $AMPG -37.7%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 12.8%, for the past 3 months is 17.4%
In the past month for a 5 days rolling window, the highest corrrelation is 35.8%, the lowest correlation is -0.6%, the latest correlation is 13.0%
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 78.5% between BELFA and BELFB
The lowest correlation is -70.7% between BELFA and NSYS
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