Aggregated price index with volume information
Summary:
- Packaged Software stocks down 0.9% on average while median return down 0.7% in a day
- Packaged Software stocks down 4.7% on average while median return down 5.0% in a week
- Packaged Software stocks down 4.3% on average while median return down 4.8% 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 $SABR 33.2%, $CMCM 24.1%, $IZEA 23.4%, $ENV 14.2%, $EH 11.7%
- 1M losers are : Losers for past month are $DDI -22.2%, $CRNC -25.5%, $HCAT -26.1%, $CREX -27.2%, $LPRO -28.3%
- 1W winners are : Winners for past week are $GMGI 19.8%, $ZUO 12.9%, $IZEA 10.0%, $PALT 9.8%, $ENV 6.8%
- 1W losers are : Losers for past week are $TLS -16.7%, $CRNC -18.3%, $XAIR -20.0%, $CMCM -22.2%, $VERI -27.9%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 20.3%, for the past 3 months is 16.5%
In the past month for a 5 days rolling window, the highest corrrelation is 30.1%, the lowest correlation is 3.8%, the latest correlation is 18.7%
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 88.1% between ALIT and BKI
The lowest correlation is -50.4% between BSQR and CANG
DENVER, April 17, 2024--For a fifth time, Veritone, Inc. (NASDAQ: VERI), a leader in designing human-centered AI solutions, won NAB Product of the Year for the company’s recently launched Ask Veri. The new conversational intelligence solution that empowers Veritone Digital Media Hub ("DMH") users to quickly extract actionable insights and execute dynamic workflows from their media archive data through a generative AI-enabled, chat-based tool, secured the 2024 NAB Product of the Year award in the
SAN JOSE, Calif., April 17, 2024--Cadence announces the new Palladium Z3 and Protium X3 systems, a new digital twin platform to tackle escalating semiconductor design complexity.
BOZEMAN, Mont., April 17, 2024--FICO (NYSE:FICO), a leading predictive analytics and decision management software company, will announce its second quarter fiscal 2024 results on April 25, 2024, after the market closes and will host a conference call on April 25th at 5:00 p.m. Eastern Time (4:00 p.m. Central/ 2:00 p.m. Pacific).
Big Tech earnings are coming up, and Wall Street wants to know how companies are making money on their massive AI investments.
Shares of Zuora spiked 14% on Wednesday after a media report that said the provider of subscription management software has received acquisition offers. The company has hired investment bank Qatalyst Partners “after receiving acquisition interest from potential suitors,” including private equity firms, Reuters reported. Zuora didn’t immediately respond to a request for comment.
Shares of subscription management platform Zuora (NYSE:ZUO) jumped 15.5% in the afternoon session after Reuters reported the company is exploring options, including a potential sale following acquisition interests. According to the report, the company is working with investment bank Qatalyst Partners to advise on a potential deal.
(Bloomberg) -- Zuora Inc. is exploring options including a potential sale, people with knowledge of the matter said.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingTesla Asks Investors to Approve Musk’s $56 Billion Pay AgainRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsBankers Hit With Millions in Breakup Fees for Ditching New JobsChina Tells Iran Cooperation Will Last After Attack on IsraelThe California-based software company is working
NEW YORK (Reuters) -Zuora, which makes subscription management software for businesses, is exploring options that include a sale after receiving acquisition interest from potential suitors, according to people familiar with the matter. Redwood City, California-based Zuora has tapped investment bank Qatalyst Partners to advise on discussions with potential acquirers, which include private equity firms, the sources said. Zuora's board has formed a special committee comprising independent directo...
(Bloomberg) -- Microsoft Corp.’s $13 billion investment into OpenAI Inc. is set to avoid a formal investigation by European Union merger watchdogs, calming fears that the relationship could be forced apart.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingTesla Asks Investors to Approve Musk’s $56 Billion Pay AgainRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsBankers Hit With Millions in Breakup Fees for Ditching New JobsChina Tells Iran Co
Cognizant (NASDAQ: CTSH) announced today a planned collaboration with FICO, a leading analytics software company, to launch a cloud-based real-time payment fraud prevention solution powered by FICO® Falcon® Fraud Manager. The joint offering would leverage both firms' artificial intelligence (AI) and machine learning (ML) technology to help banks and other payment service providers in North America protect their customers from fraud in the growing world of instant digital payments.