Aggregated price index with volume information
Summary:
- Fintech stocks up 2.4% on average while median return up 2.1% in a day
- Fintech stocks up 3.8% on average while median return up 3.0% in a week
- Fintech stocks down 2.9% on average while median return down 2.6% 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 $ENV 10.4%, $GS 4.2%, $FIS 2.0%
- 1M losers are : Losers for past month are $IPAY -3.2%, $FINX -3.9%, $GPN -4.0%, $ARKF -6.1%, $SQ -6.9%
- 1W winners are : Winners for past week are $GDOT 8.7%, $LC 6.8%, $GS 6.8%, $FINX 3.5%, $IPAY 3.4%
- 1W losers are : Losers for past week are
Correlation Analysis
Index correlation analysis
Correlation for the past month is 47.4%, for the past 3 months is 38.2%
In the past month for a 5 days rolling window, the highest corrrelation is 79.5%, the lowest correlation is 17.4%, the latest correlation is 39.1%
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 95.2% between FINX and IPAY
The lowest correlation is -7.0% between FISV and SQ
(Bloomberg) -- Goldman Sachs Group Inc. shares rose to a record on Tuesday, eclipsing their previous closing high set more than two years ago.Most Read from BloombergTesla Stock in ‘No Man’s Land’ After 43% Rout Ahead of EarningsRay Dalio’s Famous Trade Is Sputtering, Investors BailingBillionaire Pinaults Fight to Pull Gucci Off the Discount Rack‘Mag Seven’ Roar as Tesla Jumps in Late Hours: Markets WrapTaylor Swift Is Proof That How We Critique Music Is BrokenThe investment banking giant report
You’d expect a large-cap financial services sector fund to own the biggest banks in America: JPMorgan Chase Bank of America Wells Fargo and Citigroup And those four are all in the top 10 holdings of the Hennessy Large Cap Financial Fund. Ellison said he has owned PayPal the owner of Venmo, since its initial public offering more than 20 years ago and has held it through its ups and downs. While last year was a decidedly down one, he thinks that PayPal will continue to benefit from a gener...
(Bloomberg) -- Goldman Sachs Group Inc. has held conversations with private credit lenders to help shore up Beyond Meat Inc.’s liquidity, according to people with knowledge of the matter.Most Read from BloombergTesla Stock in ‘No Man’s Land’ After 43% Rout Ahead of EarningsRay Dalio’s Famous Trade Is Sputtering, Investors BailingBillionaire Pinaults Fight to Pull Gucci Off the Discount Rack‘Mag Seven’ Roar as Tesla Jumps in Late Hours: Markets WrapTaylor Swift Is Proof That How We Critique Music
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