Aggregated price index with volume information
Summary:
- Optical Network stocks down 0.0% on average while median return down 1.0% in a day
- Optical Network stocks down 3.0% on average while median return down 4.5% in a week
- Optical Network stocks down 2.4% 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 $INFN 17.8%, $MTSI 11.0%, $LITE 0.3%
- 1M losers are : Losers for past month are $VIAV -3.7%, $FN -7.3%, $ADTN -8.1%, $CIEN -12.7%
- 1W winners are : Winners for past week are $INFN 12.3%
- 1W losers are : Losers for past week are $LITE -6.4%, $AAOI -7.1%, $VIAV -8.0%, $FN -8.6%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 24.4%, for the past 3 months is 27.1%
In the past month for a 5 days rolling window, the highest corrrelation is 67.4%, the lowest correlation is -0.4%, the latest correlation is 13.5%
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 58.2% between CIEN and INFN
The lowest correlation is -5.6% between MTSI and VIAV
ADTRAN (ADTN) and BT Group carry out a successful trial over a live research fiber network with Adtran's Coherent 100ZR pluggable transceiver.
Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) today announced it has participated in the 2024 RIC Forum, March 26-28, in Dallas, Texas. The company contributed its TeraVM RIC Test and TM500 Network Tester to multiple demonstrations, building on collaborations at MWC 2024, where the company partnered with industry leaders to showcase RIC test and app training.
Keysight (KEYS) is reportedly planning to make a formal bid for Spirent (SPMYY), following a merger agreement between Viavi (VIAV) and Spirent early this month.
Keysight Technologies outbid rival Viavi Solutions to buy Spirent Communications for about 1.16 billion pounds ($1.46 billion) on Thursday, winning a battle over the UK telecoms testing firm's expertise in automation. Shares in London-listed Spirent were up 10.6% to 198.0 pence as of 0957 GMT. Electronic equipment maker Keysight offered 201.5 pence per share, topping Viavi's 175 pence bid in early March.
U.S.-based Keysight Technologies is preparing to launch a formal offer for British telecommunications testing firm Spirent Communications, a person familiar with the matter told Reuters on Wednesday. Sky News reported the development first and said the offer would be valued at about 1.15 billion pounds ($1.45 billion), or roughly 200 pence per share. On March 5, U.S.-listed communications equipment firm Viavi Solutions had agreed to buy Spirent for about 1.01 billion pounds.
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HANOVER, Md., March 27, 2024--Ciena (NYSE: CIEN) is proud to kick off the first day of OFC 2024 with a celebration of significant customer success, new optical innovations and industry recognition.
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