Aggregated price index with volume information
Summary:
- Semiconductors stocks down 2.5% on average while median return down 2.4% in a day
- Semiconductors stocks down 8.6% on average while median return down 8.0% in a week
- Semiconductors stocks down 7.6% on average while median return down 10.7% 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 $NEOV 104.5%, $SMTC 38.7%, $MU 10.9%, $MXL 7.7%, $BOSC 3.0%
- 1M losers are : Losers for past month are $SGH -31.7%, $QUIK -32.4%, $KOPN -37.1%, $PXLW -42.5%, $CAN -53.0%
- 1W winners are : Winners for past week are
- 1W losers are : Losers for past week are $SEDG -14.6%, $SOL -15.4%, $KOPN -18.1%, $NEOV -22.5%, $CAN -37.3%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 38.7%, for the past 3 months is 31.5%
In the past month for a 5 days rolling window, the highest corrrelation is 54.0%, the lowest correlation is 24.9%, the latest correlation is 25.1%
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 92.5% between ADI and MCHP
The lowest correlation is -30.9% between ALGM and GSIT
Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced Radhika Chennakeshavula will join the company as Chief Information Officer (CIO), effective April 24, 2024. Chennakeshavula will drive Silicon Labs' digital transformation strategy, as well as oversee IT operations, enterprise applications and data analytics.
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Powering Game-Changing Advancement in Immersive Shopping Experience with Ultralow Power Context-Aware AI for Battery Operated Signage EPD and ESLTAINAN, Taiwan and HSINCHU, Taiwan, April 19, 2024 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced a collaboration with E Ink Holdings Inc. (“E Ink"), a pioneer and distinguished leader in ePaper technology
Earnings results often indicate what direction a company will take in the months ahead. With Q4 now behind us, let’s have a look at Himax (NASDAQ:HIMX) and its peers.
For investors, TSMC has offered both good news and bad news, helping explain volatile trading in its stock early Thursday. TSMC warned of a slow recovery in the global chip market—potentially a bearish signal for consumer demand.
According to the average brokerage recommendation (ABR), one should invest in Semtech (SMTC). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?
SUNNYVALE, Calif., April 18, 2024 (GLOBE NEWSWIRE) -- GSI Technology, Inc. (Nasdaq: GSIT), developer of the Gemini ® Associative Processing Unit (APU) for AI and high-performance parallel computing (HPPC) and a leading provider of high-performance memory solutions for networking, telecommunications and military markets, will announce financial results for its fiscal fourth quarter and year end 2024 ended March 31, 2024 after the market close on Thursday, May 2, 2024. Management will also conduct
MANCHESTER, N.H., April 18, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it plans to release financial results for its fourth quarter and fiscal year 2024 prior to the market open on Thursday, May 9, 2024. Following the press release, Vineet Nargolwala, President and Chief Executive Officer, and Derek D’Antilio, Senior Vice President and Chief Financial Officer, will host a conference call at 8:30 a.m. Eastern Time to discuss the Company’s results and busine
PITTSBURGH, April 18, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today that the company will release its financial results for the quarter ended March 31, 2024, in a shareholder letter posted on Coherent’s website at coherent.com/company/investor-relations after market close on Monday, May 6. Coherent’s management will host a conference call to discuss these results on Tuesday, May 7, at 8:00 a.m. ET. Individuals wishing