MARKET COMPOSITE
Telecommunications Equipment Stocks27-30-2024 20:30:00 PM
Price
$102.03
+ 2.16%
The list of companies include AAOI-Applied Optoelectronics Inc, AAPL-Apple Inc, ADTN-Adtran Inc., AIRG-Airgain Inc, AKTS-Akoustis Technologies Inc, APWC-Asia Pacific Wire & Cable, AUDC-Audiocodes, AVNW-Aviat Networks Inc, AVYA-Avaya Holdings Corp., BKTI-BK Technologies Corp, CALX-Calix Inc, CAMP-Calamp Corp., CASA-Casa Systems Inc, CIEN-CIENA Corp., CLFD-Clearfield Inc, CLRO-ClearOne Inc, CMBM-Cambium Networks Corp, CMTL-Comtech Telecommunications Corp., COMM-CommScope Holding Company Inc, CRNT-Ceragon Networks Ltd, DGLY-Digital Ally Inc., DZSI-DZS Inc, GILT-Gilat Satellite Networks, GRMN-Garmin Ltd, HLIT-Harmonic, Inc., IDCC-Interdigital Inc, INFN-Infinera Corp., INSG-Inseego Corp, ITRN-Ituran Location And Control Ltd., LHX-L3Harris Technologies Inc
* Latest intraday update before market close @ 13:45:36 PM 03/28/2024
Summary
:
Average return is up 0.9%
Median return is up 0.3%
20 out of 29 stocks are up (limited to those with intraday pricing feeds).
Top Movers
:
GILT + 1.6%CLFD + 1.7%ADTN + 2.3%SATS + 3.1%DZSI + 3.5%CMTL + 3.7%INFN + 4.3%COMM + 4.7%

Aggregated price index with volume information

Summary:

  • Telecommunications Equipment stocks up 2.2% on average while median return up 1.5% in a day
  • Telecommunications Equipment stocks up 0.4% on average while median return up 0.5% in a week
  • Telecommunications Equipment stocks up 1.3% on average while median return up 0.4% 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.

Related Stocks
Ticker
1d
7d
30d
PE Ratio
PE/G
P/B (mrq)
P/S (ttm)
Earning Growth
MarketCap
Short %
Held By Institutions %
RSI
Price Pattern
Resist Support
Days Since Channel Change
Channel Slope (daily rate %)
CMTL12.1%
1.4%
-45.2%
-2.07-0.51.361.14100.2M4%82%29\/\218-0.2%
AKTS8.3%
-3.9%
-8.7%
-0.64.47102.0857.7M9%39%47/-\218-0.4%
SATS8.2%
1.2%
7.3%
-2.234.440.711.272B19%95%52\/\435-0.1%
INFN8.0%
4.8%
5.6%
-267.96194.85.091.481.3B16%94%59/\At resistance435-0.1%
RBBN6.9%
7.9%
5.1%
1.391.701.24561.6M3%68%63/\-218-0.0%
CLFD6.0%
2.0%
-2.2%
35.015.224.26387%439.4M3%37%53/\435-0.2%
VSAT5.1%
2.0%
-7.4%
8.294.281.371.51364%2.3B15%84%47\/\218-0.2%
CAMP4.4%
21.9%
1.5%
-1.232.374.911.51128.8M3%78%62-\/5811.2%
UI4.3%
4.0%
-4.9%
18.821.4710.7241%7B10%7%50/\218-0.3%
COMM4.1%
-9.9%
-35.2%
-0.180.3219.640.48269.6M4%95%39/\218-0.3%
HLIT3.4%
4.6%
2.7%
18.862.153.071.941.5B14%94%60\/\Above resistance218-0.1%
PWFL3.1%
7.2%
57.8%
-20.3-1.332.28183.8M3%63%81\/-\/Above resistance1170.6%
CALX2.6%
-1.6%
-3.3%
79.22.058.514.572.2B5%81%42/-218-0.2%
CMBM2.6%
-5.0%
3.8%
-1.571.6928.353.79122.6M3%81%51/-218-0.4%
AVNW2.5%
6.5%
8.4%
30.682.244.811.57481.2M5%57%69/-Above resistance4000.0%
ADTN2.3%
-2.4%
-14.7%
14.722.591.92421.7M3%92%37-\144-0.2%
AAPL2.1%
-3.0%
-5.1%
271.4531.476.69110%2.7T1%59%45/-/Below support2180.1%
CIEN2.0%
0.5%
-10.1%
32.791.993.232.5613%7.3B3%96%42/\/2180.1%
NOK1.7%
0.3%
0.8%
27.360.882.101.3320.2B7%52\/850.1%
ERIC1.5%
-0.9%
0.0%
1.153.8648%17B10%50/\/2180.0%
* P/E and MarketCap are refreshed daily using IEX Cloud service. P/B, P/S, PEG, growth, short%, HelbyInstitute are refreshed weekly using Yahoo feeds. For latest stock stats please visit Yahoo Finance.
* Price Patter: / is upward trend, \ is downward trend, - is sideway. Click on the ticker to go to stock page to see Bayesian Trend model plot of the time series.
* Channel and change points are derived from Bayesian Trend model, where the channel slope is the growth rate while change points are those the model partition the time series.
Detail Performance Summary
  • 1M winners are : Winners for past month are $PWFL 57.8%, $AIRG 39.8%, $BKTI 23.0%, $ITRN 11.9%, $GRMN 9.9%
  • 1M losers are : Losers for past month are $DZSI -10.4%, $GILT -10.6%, $ADTN -14.7%, $COMM -35.2%, $CMTL -45.2%
  • 1W winners are : Winners for past week are $RBBN 7.9%, $PWFL 7.2%, $CRNT 6.6%, $AVNW 6.5%, $INFN 4.8%
  • 1W losers are : Losers for past week are $AUDC -3.6%, $APWC -4.7%, $CMBM -5.0%, $GILT -7.0%, $COMM -9.9%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 9.5%, for the past 3 months is 11.2%

In the past month for a 5 days rolling window, the highest corrrelation is 25.4%, the lowest correlation is -0.3%, the latest correlation is 12.8%

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 90.2% between ERIC and NOK

The lowest correlation is -67.1% between AIRG and MAXR

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