Price & Market BehaviorExtended setlive in productionNew

peer intraday lead-lag

Updated dailyData needs: highlong onlyshort onlylong short
paper
2007
Source
Hou, K. (2007). Industry Information Diffusion and the Lead-Lag Effect in Stock Returns. Review of Financial Studies; Cohen, L., & Frazzini, A. (2008). Economic Links and Predictable Returns. Journal of Finance.
Citation only, paper link pending.

In plain terms

If a stock's closest peers all show heavy one-sided trading near the close, the lagging stock tends to follow them the next day.

How it works

A no-daily-edge ticker is often predictable through its neighbors. Here the lead signal is the cohort's intraday informed-flow fingerprint (peers' last-hour accumulation, afternoon push, VWAP deviation, closing-auction imbalance) rather than peer daily returns. When the cohort's informed intraday flow is strongly one-sided at the close, the laggard tends to follow the next session.

No live results for this strategy yet. Charts appear once it has earned a top spot on at least one stock, either on its own or as part of a blend of several strategies.
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Data dependencies

  • Intraday features daily

    A data feed this strategy reads, refreshed on its normal schedule.

  • Daily prices

    Adjusted-close OHLCV for every US-listed ticker; primary price feed.

Expected edge

A cohort's strongly one-sided intraday informed flow leads the laggard ticker into the next session.

Related families

Explore peer intraday lead-lag on alphactor.ai

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For informational and educational purposes only. Not financial advice. Learn more