Aggregated price index with volume information
Summary:
- Hotels/Resorts/Cruiselines stocks down 0.2% on average while median return down 0.4% in a day
- Hotels/Resorts/Cruiselines stocks up 0.2% on average while median return up -0.9% in a week
- Hotels/Resorts/Cruiselines stocks up 0.8% on average while median return up 1.8% 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 $GHG 17.4%, $RCL 11.2%, $HTHT 10.6%, $CUK 6.8%, $MSC 6.7%
- 1M losers are : Losers for past month are $MTN -4.3%, $PLYA -6.1%, $CZR -6.5%, $RRR -11.3%, $NCLH -13.3%
- 1W winners are : Winners for past week are $CUK 4.0%, $CCL 4.0%, $HTHT 3.5%, $MTN 2.9%, $RRR 2.2%
- 1W losers are : Losers for past week are $H -2.1%, $NCLH -2.2%, $MSC -2.3%, $GHG -3.3%, $PLYA -4.9%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 17.5%, for the past 3 months is 19.7%
In the past month for a 5 days rolling window, the highest corrrelation is 48.2%, the lowest correlation is -1.2%, the latest correlation is 1.0%
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 98.4% between CCL and CUK
The lowest correlation is -42.3% between CHH and TH
Starwood Capital Group CEO Barry Sternlicht said commercial real estate is facing a balance sheet crisis, even though the underlying assets are performing. Borrowers will have trouble refinancing debt because interest rates have risen 500 basis points, Sternlicht said, during a May 8 interview with Bloomberg at the Milken Institute Global Conference in Beverly Hills, California. "Many of the traditional lenders are backing out because they're full up to their gills in real estate loans," Sternli
Choice Hotels International, Inc. (NYSE: CHH), one of the world's leading lodging franchisors, announced that its board of directors has declared a cash dividend of $0.2875 per share on the company's common stock. The dividend is payable on July 16, 2024, to shareholders of record on July 1, 2024.
As travelers look to explore new cities and destinations across the Caribbean, Marriott International properties invite seasoned and new travelers to experience La Capital – a modern and dynamic metropolis in Santo Domingo, Dominican Republic. Featuring cobblestoned streets and buildings that date back to the 1500s, travelers can immerse themselves in the pulse of Dominican culture, where the old and the new converge seamlessly.
Oracle (ORCL) Hospitality signs an agreement with Choice Hotels to extend its AI-powered merchandising solution, Oracle Nor1, to the latter's portfolio of upscale hotels.
Choice Privileges' members can now exchange their points for Flying Blue Miles at a rate of 5,000 points to 1,000 miles.
The new AI solution will allow Choice Hotels to leverage incremental revenue opportunities while enhancing guest experience.
The hotel offers 491 guest rooms, dining options, outdoor swimming pool, a fitness centre, a business centre, and more.
LONDON, UK / ACCESSWIRE / May 15, 2024 /InterContinental Hotels Group PLC (the Company) The Company announces that on 14 May 2024 it purchased the following number of its ordinary shares of 20340/399 pence each through Goldman Sachs International ...
A holistic product line debuts this week at JW Marriott hotels around the world and in select Flamingo Estate pop-up shops, including Essex House in New York.
Target Hospitality (TH) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.