Aggregated price index with volume information
Summary:
- Electric Vehicle stocks down 0.6% on average while median return down 0.9% in a day
- Electric Vehicle stocks down 0.4% on average while median return down -0.4% in a week
- Electric Vehicle stocks down 6.4% on average while median return down 11.2% 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 $KNDI 29.3%, $NIU 20.6%
- 1M losers are : Losers for past month are $PII -12.7%, $NIO -13.6%, $XPEV -17.1%, $RIVN -19.0%, $LI -23.4%
- 1W winners are : Winners for past week are $TSLA 13.5%, $GP 4.0%, $NIO 3.2%, $KNDI 2.3%, $NIU 1.0%
- 1W losers are : Losers for past week are $XPEV -1.3%, $BLNK -2.1%, $RIVN -3.5%, $PII -3.8%, $LI -19.6%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 18.7%, for the past 3 months is 24.5%
In the past month for a 5 days rolling window, the highest corrrelation is 36.3%, the lowest correlation is -1.1%, the latest correlation is 27.0%
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 68.9% between NIO and XPEV
The lowest correlation is -27.9% between ABB and NIU
Bowie, Md., April 25, 2024 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”), a leading global manufacturer, owner, operator, and provider of electric vehicle (EV) charging equipment and services, will announce its first quarter results on Thursday, May 9, 2024, following the close of the financial markets. The Company will host a conference call and webcast that day at 4:30 p.m. Eastern Time to discuss the Company’s results for the first quarter ended March 31, 20
This electric automaker is going through a rough patch, but its future looks brighter than its past.
In first steps, Blink Charging UK will provide twelve chargers at high volume sorting center in Rugby, UK London, UK, April 24, 2024 (GLOBE NEWSWIRE) -- Blink Charging UK, a subsidiary of leading global EV charging provider, Blink Charging Co., has collaborated with Evri, the UK’s biggest dedicated parcel delivery company, to install one of Evri’s first EV charging hubs at its sorting center in Rugby, UK. The charging site is the first step in a larger program which will see new EV chargers inst
Polaris ( NYSE:PII ) First Quarter 2024 Results Key Financial Results Revenue: US$1.76b (down 20% from 1Q 2023). Net...
Despite a downturn in sales, Polaris Inc maintains its full-year guidance and focuses on operational efficiencies and inventory management.
GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) ("GreenPower"), a leading manufacturer and distributor of purpose-built, all-electric, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today launched a new utility vehicle designed for commercial fleets who need to move goods, materials, supplies and equipment reliably, safely and sustainably. The new all-electric, purpose-built, zero-emission EV Star Utilit
Off-Road and powersports vehicle corporation Polaris (NYSE:PII) missed analysts' expectations in Q1 CY2024, with revenue down 20.9% year on year to $1.74 billion. It made a GAAP profit of $0.07 per share, down from its profit of $1.95 per share in the same quarter last year.
Polaris Inc. (NYSE: PII) reported first quarter 2024 financial results today through an earnings release posted on the Company's Investor Relations website at ir.polaris.com. The earnings release will be furnished with the Securities and Exchange Commission on a Form 8-K and is available at sec.gov. The Company will also hold a conference call with analysts and investors today at 9:00 a.m. CT.
GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) ("GreenPower" or the "Company"), a leading manufacturer and distributor of purpose-built, all-electric, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today announced that the Company has appointed Paul Start as its Vice President Sales – School Bus Group.
Microsoft, NVIDIA, Sweetgreen, Constellation Energy and Rivian Automotive are part of the Zacks Market Edge article.