Aggregated price index with volume information
Summary:
- Information Technology Services stocks down 0.4% on average while median return down 0.2% in a day
- Information Technology Services stocks up 2.1% on average while median return up 2.1% in a week
- Information Technology Services stocks down 5.6% on average while median return down 4.7% 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 $NEON 24.1%, $VTSI 21.6%, $UIS 11.7%, $MODN 7.8%, $QTWO 7.3%
- 1M losers are : Losers for past month are $UPLD -25.4%, $DTST -32.9%, $CSPI -33.4%, $DUOT -34.7%, $APCX -46.7%
- 1W winners are : Winners for past week are $NEON 20.4%, $GDS 16.2%, $OSPN 11.5%, $VTSI 9.1%, $CREX 9.1%
- 1W losers are : Losers for past week are $PDFS -3.8%, $LIVE -5.2%, $APCX -8.3%, $CSPI -14.4%, $SSNT -17.1%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 19.5%, for the past 3 months is 15.3%
In the past month for a 5 days rolling window, the highest corrrelation is 34.6%, the lowest correlation is 4.1%, the latest correlation is 10.9%
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 81.5% between CSCO and DOX
The lowest correlation is -78.0% between APCX and APPF
ServiceNow stock fell after the software maker reported Q1 earnings and revenue that topped estimates while guidance came in slightly below views.
ServiceNow latest financial results edged Wall Street estimates, as the digital workflow software company continues to talk up new artificial-intelligence enhancements across its product line. ServiceNow on Wednesday reported revenue of $2.6 billion for the first quarter, up 24% from a year ago and a touch above consensus as tracked by FactSet at $2.59 billion. Subscription revenue was $2.523 billion in the period, up 25% and slightly ahead of the company’s guidance range of $2.51 billion to ...
Enterprise workflow software maker ServiceNow (NYSE:NOW) reported results in line with analysts' expectations in Q1 CY2024, with revenue down 24.2% year on year to $2.60 billion. It made a non-GAAP profit of $3.41 per share, improving from its profit of $2.37 per share in the same quarter last year.
(Reuters) -ServiceNow on Wednesday forecast second-quarter subscription revenue below market expectation as businesses spend cautiously in a tough economy, sending the cloud software provider's shares down nearly 5% in trading after the bell. The company has been deploying GenAI technologies in its products as businesses look to optimize and automate operations using such tools. It expects subscription revenue between $2.525 billion and $2.530 billion in the second quarter, below estimates of ...
(Bloomberg) -- ServiceNow Inc. provided an outlook for sales in the quarter that fell just short of analysts’ expectations, suggesting that corporate budgets for software purchases remain tight. The shares declined about 5% in extended trading.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsTaylor Swift Is Proof That How We Critique Music Is BrokenBiden’s New Chopper Is Demoted After Scorching White House LawnTech Giants Hit in Late Hours After Me
ServiceNow said on Wednesday its first-quarter profit more than doubled, as the software firm attracted more clients for its generative artificial intelligence-infused tools. The cloud software provider has been deploying GenAI technologies in its products as businesses look to optimize and automate operations using such tools. "Ten of the top 20 deals of the company have been distinguised with GenAI in mind; it is starting to show, because we have deals with $10 million and more grow 300% yea...
SANTA CLARA, Calif., April 24, 2024--ServiceNow (NYSE: NOW), the leading digital workflow company making the world work better for everyone, today announced financial results for its first quarter ended March 31, 2024, with subscription revenues of $2,523 million in Q1 2024, representing 25% year-over-year growth and 24.5% in constant currency.
CAMBRIDGE, Mass., April 24, 2024--HubSpot, the customer platform for scaling businesses, announced today that it will report its first quarter 2024 financial results after the U.S. financial markets close on Wednesday, May 8, 2024.
CAMBRIDGE, Mass., April 24, 2024--Pegasystems Inc. (NASDAQ: PEGA), the leading enterprise AI decisioning and workflow automation platform provider, released its financial results for the first quarter of 2024.
RESTON, Va., April 24, 2024--CACI International Inc (NYSE: CACI), a leading provider of expertise and technology to government customers, announced results today for its fiscal third quarter ended March 31, 2024.