Aggregated price index with volume information
Summary:
- The momentum of the sector is very strong.
- Esports stocks up 2.2% on average while median return up 2.2% in a day
- Esports stocks up 5.9% on average while median return up 7.5% in a week
- Esports stocks up 14.4% on average while median return up 18.0% 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 $SE 31.0%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are $SE 13.6%
- 1W losers are : Losers for past week are
Correlation Analysis
Index correlation analysis
Correlation for the past month is 29.9%, for the past 3 months is 20.7%
In the past month for a 5 days rolling window, the highest corrrelation is 65.4%, the lowest correlation is -26.0%, the latest correlation is 18.7%
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 88.3% between HERO and NERD
The lowest correlation is -1.8% between HERO and SE
The major indexes set all-time highs while many leading stocks flashed buy signals. Walmart and Asian e-commerce giants rallied on earnings.
Despite Sea Limited's soaring cash flow, its shares are trading at a reasonable price.
Sea Limited's growth story might be back on track.
Sea Limited's (SE) first-quarter 2024 results benefit from a solid uptick in e-commerce and digital financial services businesses.
Q1 2024 Sea Ltd Earnings Call
Singapore-based internet services company Sea Limited on Tuesday reported better-than-expected sales, helped by its Shopee e-commerce business. Sea stock moved higher Tuesday despite the company posting a wider-than-expected loss. In results published before the market opened, Sea said that it lost 4 cents per share on sales of $3.73 billion for the March-ending quarter.
SE earnings call for the period ending March 31, 2024.
**↗️** **GameStop (GME)**, **AMC Entertainment (AMC)**: Monday's meme-stock comeback continued in early trading. Shares of GameStop and AMC rocketed over 50% after the market opened. **↗️** **Blackberry (BB**, **CA:BB)**, **Beyond Meat (BYND)**: Other stock popular with individual traders also rallied.
(Bloomberg) -- Shares of Sea Ltd. jumped after the Southeast Asia e-commerce giant reported first-quarter earnings that exceeded analysts’ estimates, a sign that it has been successfully navigating fierce competition from the likes of ByteDance Ltd.’s TikTok.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindBiden Accuses China of ‘Cheating’ on Trade, Imposes New TariffsFlood of China Used Cooking Oil Spurs Call to Hike US LeviesMacron Puts French Banks in Play W
While the top- and bottom-line numbers for Sea Limited (SE) 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.