Aggregated price index with volume information
Summary:
- Amusement and Theme Parks stocks down 0.8% on average while median return down 0.8% in a day
- Amusement and Theme Parks stocks down 4.2% on average while median return down 4.2% in a week
- Amusement and Theme Parks stocks up 10.2% on average while median return up 10.8% 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 $FUN 12.6%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are
- 1W losers are : Losers for past week are $SIX -5.5%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 0.9%, for the past 3 months is 7.1%
In the past month for a 5 days rolling window, the highest corrrelation is 69.7%, the lowest correlation is -24.9%, the latest correlation is -10.4%
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 87.1% between FUN and SIX
The lowest correlation is -44.9% between SEAS and SIX
ARLINGTON, Texas, May 13, 2024--Six Flags Entertainment Corporation (NYSE: SIX), the world’s largest regional theme park company and largest operator of water parks in North America, has opened four of seven new roller coasters as part of a two-year record investment in parks across North America. In addition to new roller coasters, dozens of new rides and guest experiences are scheduled to open this season. The company’s largest park, Six Flags Great Adventure Resort, will also open Savannah Su
Six Flags Entertainment Corporation (NYSE:SIX) Q1 2024 Earnings Call Transcript May 9, 2024 Six Flags Entertainment Corporation isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning, ladies and gentlemen. Welcome to the Six Flags First Quarter 2024 Earnings Conference […]
Challenges Persist as Revenue Declines and Losses Widen
Despite Fewer Operating Days, Attendance and Revenues Show Improvement
Cedar Fair, L.P. (NYSE:FUN) Q1 2024 Earnings Call Transcript May 9, 2024 Cedar Fair, L.P. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day and welcome to the Cedar Fair Entertainment Company 2024 First Quarter Earnings Call. All lines […]
Q1 2024 Cedar Fair LP Earnings Call
FUN earnings call for the period ending March 31, 2024.
The headline numbers for Cedar Fair (FUN) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
SIX earnings call for the period ending March 31, 2024.
While the top- and bottom-line numbers for Six Flags (SIX) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.