Price and Volume Spikes
Some stocks exhibit anomalous trading behavior in that they had either a large increase in trading volume (a volume spike) or a dramatic price move (a price spike) over the past year of trading. These are significant volume changes or price moves that may present an investment or trading opportunity depending on the situation.
We also see stocks each day trading well above, or well below their average daily trading volume. This also tells us where the attention is within the market. For example, One day this week two cannabis stocks traded at 10x and 23x average volume, and Hostess Brands (maker of Twinkies) traded at 8.6x average volume. Coincidence? (actually, it isn't related but there is a joke in there somewhere). We also saw Oracle Corp trading 7.7x last year's volume based on their latest earnings report.
We also see stocks trading as low as 1% of last year's volume. Forgotten names.
In our 'slow' Chicago Quantum Net Score run where we do a more detailed analysis of anomalies like these, we publish the full set of stocks each day that have anomalous price or volume spikes over the past 253 days.
Price Spikes are measured as a percentage of e, or 2.718, that they rose or fell a multiple of 1/e in a day (about 38%). Our score reflects a multiple of e (~2.71). So, a score of -1 means the stock fell 1/e, or fell 37% in one day, and a score of 1 means the stock rose by e/1, or it went up by 271%.
Volume spikes are measured on a basis of multiples of average trading volume, and usually the list gets interesting around 50x.
We also see stocks each day trading well above, or well below their average daily trading volume. This also tells us where the attention is within the market. For example, One day this week two cannabis stocks traded at 10x and 23x average volume, and Hostess Brands (maker of Twinkies) traded at 8.6x average volume. Coincidence? (actually, it isn't related but there is a joke in there somewhere). We also saw Oracle Corp trading 7.7x last year's volume based on their latest earnings report.
We also see stocks trading as low as 1% of last year's volume. Forgotten names.
In our 'slow' Chicago Quantum Net Score run where we do a more detailed analysis of anomalies like these, we publish the full set of stocks each day that have anomalous price or volume spikes over the past 253 days.
Price Spikes are measured as a percentage of e, or 2.718, that they rose or fell a multiple of 1/e in a day (about 38%). Our score reflects a multiple of e (~2.71). So, a score of -1 means the stock fell 1/e, or fell 37% in one day, and a score of 1 means the stock rose by e/1, or it went up by 271%.
Volume spikes are measured on a basis of multiples of average trading volume, and usually the list gets interesting around 50x.