Aggregated price index with volume information
Summary:
- Robotic Surgery stocks up 0.9% on average while median return up 0.4% in a day
- Robotic Surgery stocks down 11.6% on average while median return down 8.1% in a week
- Robotic Surgery stocks down 14.0% on average while median return down 6.2% 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
- 1M losers are : Losers for past month are $MBOT -23.5%, $APM -32.4%
- 1W winners are : Winners for past week are
- 1W losers are : Losers for past week are $MBOT -14.4%, $APM -30.0%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 6.1%, for the past 3 months is 9.2%
In the past month for a 5 days rolling window, the highest corrrelation is 47.0%, the lowest correlation is -18.3%, the latest correlation is -7.7%
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 48.6% between ISRG and MDT
The lowest correlation is -23.5% between ISRG and STXS
Intuitive Surgical stock fell early Friday, reversing previous gains, as analysts cautioned its da Vinci 5 launch will be slow.
Intuitive Surgical, Inc. (NASDAQ:ISRG) Q1 2024 Earnings Call Transcript April 18, 2024 Intuitive Surgical, Inc. beats earnings expectations. Reported EPS is $1.5, expectations were $1.4. ISRG isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Thank you everyone for standing by […]
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Make the most of a modest investment by putting it into Intuitive Surgical, Bristol Myers Squibb, and Novo Nordisk.
Intuitive Surgical's (ISRG) first-quarter results reflect a healthy demand for procedures. Higher pricing boosts procedure sales. An improvement in margins buoys well.
Q1 2024 Intuitive Surgical Inc Earnings Call
While Intuitive has already placed eight new surgical robots, executives cautioned system placements could be choppy in the coming months.
Discover key financial outcomes and strategic directions from Intuitive Surgical's first quarter of 2024, including significant procedure growth and system placements.
ISRG earnings call for the period ending March 31, 2024.
The headline numbers for Intuitive Surgical (ISRG) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.