Aggregated price index with volume information
Summary:
- NextGen Driving Tech stocks down 1.9% on average while median return down 1.8% in a day
- NextGen Driving Tech stocks down 9.0% on average while median return down 9.3% in a week
- NextGen Driving Tech stocks down 8.4% on average while median return down 9.3% 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 $FRSX 8.2%
- 1M losers are : Losers for past month are $VOXX -11.0%, $TSLA -12.5%, $AMBA -14.5%, $MVIS -14.6%, $ON -15.0%
- 1W winners are : Winners for past week are
- 1W losers are : Losers for past week are $NXPI -10.2%, $ON -10.9%, $AMBA -11.1%, $MVIS -13.1%, $TSLA -14.1%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 33.8%, for the past 3 months is 33.2%
In the past month for a 5 days rolling window, the highest corrrelation is 50.9%, the lowest correlation is 12.0%, the latest correlation is 20.3%
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 90.0% between DRIV and NXPI
The lowest correlation is -25.9% between FRSX and VOXX
Stocks again failed to hold early gains, with the market power trend about to end. Netflix subscribers jumped in Q1.
Mutual fund firm T. Rowe Price said Elon Musk's record-breaking 2018 pay package from Tesla "demonstrated strong alignment" with the interests of investors at the electric carmaker. The comments from the 10th-largest Tesla investor mark important support after a Delaware judge in January voided the $56 billion package as being unfair to investors because it was negotiated by directors who appeared beholden to Musk. In response Tesla said in a preliminary proxy statement on Wednesday that it wi...
Deutsche Bank has revised its rating on Tesla (TSLA), downgrading the stock to Hold from a Buy rating as the automaker shifts its focus to the production of a robotaxi. Deutsche Bank Lead US Autos Analyst Emmanuel Rosner joins Market Domination to explain the downgrade. Rosner says "there's a strategic change" occurring within Tesla, saying that the company's new pricing strategies could potentially boost margins and overall profitability. However, he cautions that if Tesla redirects all of its ...
Deutsche Bank analyst Emmanuel Rosner downgraded shares of electric-vehicle firm Tesla to Hold from Buy, and slashed his price target to $123 from $189.
Tesla stock fell Thursday, marking a new 52-week low, as the global EV giant received a downgrade based on Chief Executive Elon Musk's decision to prioritize its robotaxi program over its cheaper next-generation vehicle. Deutsche Bank analyst Emmanuel Rosner downgraded Tesla stock Thursday to a hold rating from a buy. Rosner wrote that the previous buy rating was based on Tesla's next-generation vehicle priced at $25,000 coming late in 2025, which could allow the company to reaccelerate volume...
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