Aggregated price index with volume information
Summary:
- Digital Marketing stocks up 0.1% on average while median return up -0.3% in a day
- Digital Marketing stocks up 3.5% on average while median return up 2.4% in a week
- Digital Marketing stocks up 2.4% on average while median return up 11.7% 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 $MGNI 36.0%, $BZUN 32.4%, $CREX 18.6%, $IBEX 17.6%, $TTD 17.3%
- 1M losers are : Losers for past month are $ICLK -62.0%
- 1W winners are : Winners for past week are $MGNI 29.8%, $BZUN 15.0%, $TTD 8.6%, $IBEX 6.4%, $ICLK 3.2%
- 1W losers are : Losers for past week are $GHC -0.7%, $QNST -2.0%, $CREX -5.9%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 2.9%, for the past 3 months is 6.6%
In the past month for a 5 days rolling window, the highest corrrelation is 38.7%, the lowest correlation is -5.7%, the latest correlation is 5.1%
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 68.2% between CMPR and MGNI
The lowest correlation is -49.1% between GHC and QUOT
The company got some great customer news.
Netflix (NASDAQ:NFLX) announced Wednesday that it will team up with The Trade Desk (NASDAQ:TTD), Google (NASDAQ:GOOGL) Display&Video 360, and ad-tech firm Magnite to accelerate automated ad buying. The company also made several other announcements as part of its Upfront 2024 press release.
FORT LAUDERDALE, Fla., May 16, 2024--Kaplan, a global educational services provider, has been certified as a Most Loved Workplace for the fourth consecutive year.
(Updated - May 16, 2024 11:51 AM EDT)
Investors looking to buy a relatively cheaper AI stock would do well to take a closer look at this name thanks to its solid position in a lucrative market.
DUNDALK, Ireland, May 15, 2024--Cimpress plc (Nasdaq: CMPR), the parent company of VistaPrint and other leading print mass customization businesses, today announced the successful repricing of its $773 million USD tranche of its senior secured Term Loan B ("TLB"). In addition, Cimpress upsized the USD TLB tranche by $264 million and used the proceeds to prepay the majority of its Euro TLB tranche. Cimpress’ USD TLB tranche is now $1,037 million, and the Euro tranche is €46 million. Cimpress exec
Celebrating pioneers in customer experience innovation and execution ibex Launches 3rd Annual CX Leadership Awards Program celebrates pioneers in CX innovation and execution WASHINGTON, May 15, 2024 (GLOBE NEWSWIRE) -- ibex (NASDAQ: IBEX), a leading global provider of business process outsourcing (BPO) and AI-powered customer engagement technology solutions, today announced its third annual CX Leadership Awards, which honor the top customer experience (CX) innovators, leaders and contributors ar
NEW YORK & TEL AVIV, Israel, May 15, 2024--Perion Network Ltd. (NASDAQ and TASE: PERI), a technology leader in connecting advertisers to consumers across all major digital channels, announced today the launch of Hivestack’s ‘Green Curated Deals’ innovative solution for DOOH on a global scale. Powered by Scope3 emissions data, Green Curated Deals give DOOH buyers direct and transparent access to lower carbon ad inventory.
As the S&P 500 approaches its all-time high and the Nasdaq sets new records, the U.S. stock market demonstrates resilience amidst fluctuating economic indicators and ongoing discussions about interest rates. In this context, dividend stocks like Sandy Spring Bancorp become particularly noteworthy for investors seeking stable returns in a landscape marked by cautious optimism and heightened scrutiny of inflation trends.
The company is also offering deployment services to EMEA Integrators in North AmericaLOUISVILLE, Ky., May 15, 2024 (GLOBE NEWSWIRE) -- Creative Realities, Inc. (“Creative Realities”) (NASDAQ: CREX) a leading provider of cutting-edge digital signage and media solutions in North America, announces its development of a channel program tailored and targeted to the EMEA marketplace. As the global digital signage and IT market is generally moving to a predominantly SaaS business model, Creative Realit