Aggregated price index with volume information
Summary:
- Chip Equipment stocks up 1.8% on average while median return up 1.9% in a day
- Chip Equipment stocks up 2.5% on average while median return up 1.6% in a week
- Chip Equipment stocks down 5.3% on average while median return down 4.4% 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 $LRCX -6.8%, $ASML -7.1%
- 1W winners are : Winners for past week are $KLAC 4.5%, $TSM 3.3%
- 1W losers are : Losers for past week are
Correlation Analysis
Index correlation analysis
Correlation for the past month is 82.6%, for the past 3 months is 73.0%
In the past month for a 5 days rolling window, the highest corrrelation is 95.0%, the lowest correlation is 8.2%, the latest correlation is 87.1%
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 94.9% between ASML and LRCX
The lowest correlation is 65.5% between ASML and TSM
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Taiwan Semiconductor Manufacturing Co said on Wednesday that a new chip manufacturing technology called "A16" will enter production in the second half of 2026, setting up a showdown with longtime rival Intel over who can make the world's fastest chips. TSMC, the world's biggest contract manufacturer of advanced computing chips and a key supplier to Nvidia and Apple , announced the news at a conference in Santa Clara, California, where TSMC executives said that makers of AI chips will likely be ...
Taiwan Semiconductor Manufacturing Co said on Wednesday that a new chip manufacturing technology called "A16" will enter production in the second half of 2026. At a conference in Santa Clara, California, TSMC's co-Chief Operating Officer Y.J. Mii said the technology will also allow for the delivery of power to computing chips from the backside of the chip, which helps speed up artificial intelligence chips and is an area where TSMC has been competing with U.S. rival Intel. TSMC is the world's ...
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