For the following, I was just playing around a bit with the stock picks.
Looking for correlation between my pick, VGK, it seems that two stocks are negatively correlated AXTI and NVAX and that TRID has perfect correlation with VGK.
Now, if we use some pattern recognition code for Amibroker we have that price structure of today for VGK has lead to a close above the open 46.2% (6 times) of the time and a close below the open 53.8% of the time (7 times).
Applying the code to the other 3 tickers:
AXTI: Has closed higher than the open 57.1% of the time (
Closed below the open 42.9% of the time.(6)
NVAX: Closed above the open 32% of the time (17)
Below the open 56.6% of the time(30)
Equal 11.3% of the time(6)
TRID:
Closed higher 46.15% (36)
Closed lower 51.28% (40)
Closed equal 2.57% (2)
Now assuming that the pattern code was correct and that the small sample size for some of the tickers holds, then it appears like AXTI would be the rational bet to hold long.
Looking for correlation between my pick, VGK, it seems that two stocks are negatively correlated AXTI and NVAX and that TRID has perfect correlation with VGK.
Now, if we use some pattern recognition code for Amibroker we have that price structure of today for VGK has lead to a close above the open 46.2% (6 times) of the time and a close below the open 53.8% of the time (7 times).
Applying the code to the other 3 tickers:
AXTI: Has closed higher than the open 57.1% of the time (

Closed below the open 42.9% of the time.(6)
NVAX: Closed above the open 32% of the time (17)
Below the open 56.6% of the time(30)
Equal 11.3% of the time(6)
TRID:
Closed higher 46.15% (36)
Closed lower 51.28% (40)
Closed equal 2.57% (2)
Now assuming that the pattern code was correct and that the small sample size for some of the tickers holds, then it appears like AXTI would be the rational bet to hold long.
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