Aggregated price index with volume information
Summary:
- Education Tech stocks down 0.6% on average while median return down 0.3% in a day
- Education Tech stocks down 4.2% on average while median return down 5.0% in a week
- Education Tech stocks down 10.3% on average while median return down 12.4% 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 $DAO -13.4%, $AMST -17.0%
- 1W winners are : Winners for past week are
- 1W losers are : Losers for past week are $AMST -9.0%, $DAO -11.0%
Correlation Analysis
Index correlation analysis
Correlation for the past month is -2.2%, for the past 3 months is 3.9%
In the past month for a 5 days rolling window, the highest corrrelation is 19.6%, the lowest correlation is -19.4%, the latest correlation is 19.6%
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 43.1% between CHGG and PSO
The lowest correlation is -45.3% between AMST and PSO
As the craze of earnings season draws to a close, here's a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at consumer subscription stocks, starting with Bumble (NASDAQ:BMBL).
SANTA CLARA, Calif., April 17, 2024--Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today announced that on April 12, 2024, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan.
The heavy selling pressure might have exhausted for Chegg (CHGG) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Large language models like ChatGPT totally disrupted this business.
LONDON, April 16, 2024--Pearson (FTSE: PSON.L), the world’s leading learning company, has been selected by the UK Department for Education’s Standards and Testing Agency (STA) to manage the administration, processing and support for all primary school national curriculum assessment (NCA) tests in England.
As the Q4 earnings season wraps, let's dig into this quarter's best and worst performers in the consumer subscription industry, including Coursera (NYSE:COUR) and its peers.
Looking for rock-solid stocks set to double in a year or less isn’t easy. Just a few years ago, in the mid-ZIRP era, it was easy (relatively speaking). All we had to do was look at stocks, profitable or not, with promises of outsized growth and plenty of cheap debt to fuel it. The gambit worked for some, like Uber’s (NYSE:UBER) intentional operational losses that let it undercut existing markets before bringing pricing back to practical levels. For others, though, like WeWork, Lordstown Motors a
Chegg (CHGG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
CHGG vs. INFA: Which Stock Is the Better Value Option?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.