Aggregated price index with volume information
Summary:
- AI stocks down 2.4% on average while median return down 2.0% in a day
- AI stocks up 5.1% on average while median return up 9.9% in a week
- AI stocks down 9.8% on average while median return down 1.2% 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
- 1M losers are : Losers for past month are $BBAI -22.1%
- 1W winners are : Winners for past week are $SOUN 16.5%
- 1W losers are : Losers for past week are $BBAI -10.8%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 59.0%, for the past 3 months is 47.4%
In the past month for a 5 days rolling window, the highest corrrelation is 96.4%, the lowest correlation is -28.5%, the latest correlation is 8.7%
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 73.2% between AI and SOUN
The lowest correlation is 43.7% between AI and BBAI
BigBear.ai Holdings ( NYSE:BBAI ) First Quarter 2024 Results Key Financial Results Revenue: US$33.1m (down 21% from 1Q...
COLUMBIA, Md., May 02, 2024--BigBear.ai Holdings, Inc. (NYSE: BBAI) ("BigBear.ai" or the "Company"), a leader in AI-powered decision intelligence solutions, today announced financial results for the first quarter of 2024 and issued an investor letter that has been posted to the Investor Relations section of the Company’s website.
C3.ai, Inc. (AI) concluded the recent trading session at $22.69, signifying a +0.71% move from its prior day's close.
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The artificial intelligence (AI) boom is still continuing. Many leading AI stocks extended their gains in 2024 and attracted new investors. Tech giants have been reporting solid financials while crediting AI. AI is in its early innings and offers a lot of promise. However, the innovative technology has also created a great deal of speculation. Some corporations are rushing to mention AI efforts with the hopes of keeping their stock prices steady. Successes from some AI stocks can also result in
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C3.ai and SoundHound AI are two popular AI experts with flexible business models. But which one is the better investment in April 2024? The answer might surprise you.
The company has no debt but a growing net loss, while Palantir is the stronger peer