Aggregated price index with volume information
Summary:
- Magnificent Seven stocks up 2.9% on average while median return up 1.8% in a day
- Magnificent Seven stocks up 5.8% on average while median return up 2.9% in a week
- Magnificent Seven stocks down 1.1% on average while median return down 2.8% 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 $GOOG 14.3%
- 1M losers are : Losers for past month are $MSFT -3.6%, $TSLA -6.4%, $META -10.2%
- 1W winners are : Winners for past week are $NVDA 15.1%, $TSLA 14.4%, $GOOG 11.5%
- 1W losers are : Losers for past week are $META -7.9%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 33.2%, for the past 3 months is 32.2%
In the past month for a 5 days rolling window, the highest corrrelation is 79.9%, the lowest correlation is 0.7%, the latest correlation is 4.4%
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 81.8% between AMZN and MSFT
The lowest correlation is -23.3% between META and TSLA
Meta stock took a hit on its big AI spending plans. But analysts say that the core business is strong.
Meta's new large language model, Llama 3, powers the imaginatively named "Meta AI," a newish chatbot that the social media and advertising company has installed in as many of its apps and interfaces as possible. How does this model stack up against other all-purpose conversational AIs? It tends to regurgitate a lot of web search results, and it doesn't excel at anything, but hey — the price is right. You can currently access Meta AI for free on the web at Meta.ai, on Instagram, Facebook, WhatsAp
In this article, we will look at the 20 things people waste the most money on. If you want to skip our detailed analysis, you can go directly to the 5 Things People Waste the Most Money On. Money Wasting Trends and Statistics While people raise concerns about inflation and their ability to save, they […]
Magnificent Seven stocks, including AI leader Nvidia, are among the best stocks to watch in today's stock market.
Shares of Meta Platforms, Netflix, Sherwin-Williams, and Caterpillar look cheap compared with earnings growth down the line.
These AI-powered smart glasses offer an early glimpse at what on-the-go virtual travel assistants could be.
Apple's App Store isn't always as trustworthy as the company claims. The latest example comes from RockAuto, an auto parts dealer popular with home mechanics and other DIYers, which is upset that a fake app masquerading as its official app has not been removed from the App Store, despite numerous complaints to Apple. RockAuto co-founder and president Jim Taylor was first alerted to the situation when customers began complaining about "annoying ads" in its app -- something he said "surprised us s
On Wednesday, Meta Platforms Inc (NASDAQ: META) topped Wall Street estimates with its first quarter results. But, stock plunged 16% due to a light revenue guidance that overshadowed the fact its revenue grew at a fastest quarterly rate since 2021 and net income more than doubled. Like Apple Inc (NASDAQ: AAPL), Meta didn’t talk much about AI, until now. During the earnings call, Meta CEO Mark Zuckerberg detailed the company’s AI roadmap, hinting at a shift from chatbots to AI agents, highlighting
Just Auto reviews the week's analysis, features, interviews and news
Apple Inc (NASDAQ:AAPL) is deepening its involvement with China while expanding its production in Southeast Asia and India, illustrating the iPhone maker’s delicate balancing act between political pressures and business needs. In 2023, Apple increased its number of China-based suppliers and manufacturing sites, reducing its reliance on suppliers from Taiwan, the U.S., Japan, and South Korea, according to a Nikkei Asia review of Apple’s latest official supplier list. Apple publishes an official l