Aggregated price index with volume information
Summary:
- Remote Working stocks down 0.4% on average while median return down 0.5% in a day
- Remote Working stocks down 5.4% on average while median return down 4.6% in a week
- Remote Working stocks down 4.8% on average while median return down 5.6% 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 $GOOG 6.4%, $AMZN 1.9%
- 1M losers are : Losers for past month are $DBX -7.2%, $BOX -8.1%, $CRWD -8.3%, $ZM -9.9%, $RNG -17.5%
- 1W winners are : Winners for past week are
- 1W losers are : Losers for past week are $AMZN -5.2%, $MSFT -5.5%, $CRWD -7.5%, $RNG -9.7%, $TEAM -9.8%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 36.4%, for the past 3 months is 31.0%
In the past month for a 5 days rolling window, the highest corrrelation is 74.4%, the lowest correlation is -4.0%, the latest correlation is 56.2%
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 76.9% between AMZN and MSFT
The lowest correlation is -0.6% between AMZN and BOX
In this article, we discuss the 13 best low volatility stocks to buy according to hedge funds. To skip the detailed analysis of the current market conditions, go directly to the 5 Best Low Volatility Stocks to Buy According to Hedge Funds. The S&P 500 had a remarkable year in 2023 and the first quarter […]
SAN FRANCISCO, April 18, 2024--Dropbox, Inc. (NASDAQ: DBX) announced today that it will report financial results for the first quarter ended March 31, 2024 after market close on Thursday, May 9, 2024. The company will also hold a conference call on the same day at 2:00 PM PT / 5:00 PM ET to discuss its financial results with the investment community.
As Tesla tanks, top funds bet big on AI leader Broadcom stock, as well as Nvidia and Google. But market pressures rise.
Magnificent Seven stocks, including AI leader Nvidia, are among the best stocks to buy and watch in today's stock market.
Meta Platforms on Thursday released early versions of its latest large language model, Llama 3, and an image generator that updates pictures in real time while users type prompts, as it races to catch up to generative AI market leader OpenAI. The models will be integrated into its virtual assistant Meta AI, which the company is pitching as the most sophisticated of its free-to-use peers, citing performance comparisons on subjects like reasoning, coding and creative writing against offerings fro...
Successful stock investing starts with having rules to handle Nvidia, Tesla and others. Learn how to invest following this three-step routine.
Alphabet Google said it fired 28 employees who protested this week against the tech giant’s cloud-computing contract with the Israeli government, the latest example of how debates about the war in Gaza are rippling across some workplaces. In a companywide email, Vice President for Global Security Chris Rackow said Google dismissed the employees after an investigation found they were involved in the protests at the company’s offices in New York and Sunnyvale, Calif. No Tech for Apartheid, the ...
Google will relocate its Responsible AI teams - which focuses on safe AI development - from Research to DeepMind so that they are closer to where AI models are built and scaled, the company said in a blog post. The DeepMind team helped develop Google's most advanced artificial intelligence model, Gemini, which was unveiled late last year and can crunch different forms of information such as video, audio and text. Google then paused its image generation capabilities.
Dow Jones software giant Microsoft and Nvidia stock are near new buy points amid the weak stock market action in recent sessions.
AI chip stock Arm Holdings surged more than 152% past a recent buy point. Following that advance, is Arm stock a buy in today's stock market?