Aggregated price index with volume information
Summary:
- 5G Carriers stocks down 0.1% on average while median return down 0.5% in a day
- 5G Carriers stocks up 2.9% on average while median return up 2.5% in a week
- 5G Carriers stocks up 0.2% on average while median return up -1.1% 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 $WOW 9.7%, $TEF 2.2%, $TMUS 1.9%, $VOD 1.1%
- 1M losers are : Losers for past month are $CNSL -1.6%, $T -1.8%, $VZ -3.4%, $RCI -7.1%, $CABO -8.2%
- 1W winners are : Winners for past week are $USM 8.1%, $TEF 5.6%, $VOD 4.5%, $T 4.3%, $TMUS 2.6%
- 1W losers are : Losers for past week are $VZ -0.7%, $CNSL -0.9%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 25.8%, for the past 3 months is 21.0%
In the past month for a 5 days rolling window, the highest corrrelation is 52.7%, the lowest correlation is 2.9%, the latest correlation is 9.5%
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 66.8% between T and VZ
The lowest correlation is -15.0% between CABO and VZ
The market is rethinking Verizon's earnings report.
LITTLE ROCK, Ark., April 23, 2024--There’s nothing little about these rocking network upgrades. In a legislative hearing today at the state capitol, T-Mobile (NASDAQ: TMUS) announced the completion of a multi-year 5G network investment totaling more than $163 million across Arkansas, creating new opportunities for local businesses, schools, healthcare providers, first responders and anyone on T-Mobile’s network through its 5G improvements.
TMUS appears to be a better pick now compared to T, given the solid EPS growth in recent quarters, greater 5G coverage and robust demand for postpaid services.
New partnership makes Verizon the exclusive wireless telecommunications provider of Ford FieldNEW YORK, April 23, 2024 (GLOBE NEWSWIRE) -- Verizon today announced a new partnership with the Detroit Lions to be the “Official 5G Network of the Detroit Lions” and presenting sponsor of the halftime performance at the team's annually hosted Thanksgiving game. As the Lions’ exclusive 5G and wireless services partner, Verizon will provide reliable connectivity designed to improve venue operations and e
BELLEVUE, Wash., April 23, 2024--Do the most for Mom this Mother’s Day, just like she always does for you. T-Mobile (NASDAQ: TMUS) today announced deals on some of its best-selling tech that Mom will use daily — from iPhone to iPad to Apple Watch. And they’re all available to both new and existing customers:
BELLEVUE, Wash., April 23, 2024--T-Mobile (NASDAQ: TMUS):
Verizon Small Business Days Kick Off April 22, Featuring Tech Checks and PromotionsWhat you need to know: Verizon Business announced its second annual Latino Small Business Survey, revealing that: Compared to non-Latino, Latino small business owners express higher levels of optimism regarding their business's financial security and the overall economic outlook.Latino small business owners prioritize technology investments, including eCommerce and network security, reflecting a clear focus on lev
Telefonica, Telenor and Vivendi are part of the Zacks Industry Outlook article.
WASHINGTON, April 23, 2024 (GLOBE NEWSWIRE) -- As a featured sponsor, Verizon Frontline will demonstrate its suite of public safety solutions at Axon Week. Hosted by public safety technology leader Axon, Axon Week combines two conferences, Axon Accelerate and TASERCON, to assemble the best from public safety’s premier technology and training conferences. “Axon Week is the ideal environment to showcase Verizon Frontline’s public safety solutions,” said Michael Adams, vice president, public sector
Verizon Communications Inc. (NYSE:VZ) Q1 2024 Earnings Call Transcript April 22, 2024 Verizon Communications 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 morning and welcome to the Verizon First Quarter 2024 Earnings Conference Call. At this time, all […]